Crude Oil Prices Lower in Asia, Manufacturing Hits 5-Month High
The Asian trade oil prices has slipped following healthy gains in London and New York, but losses were limited as investors were cheered by signs of recovery in China’s manufacturing sector, Business Inquirer reports.
China and Russia Sign Key Gas Agreement
Russia’s state-controlled Gazprom signed a long-awaited megadeal to supply gas to China this week, which could ease the impact of Western sanctions on the country.
Manufacturing Hits 5-Month High
Chinese manufacturing activity saw a sharp improvement in May, hitting a five-month high, says HSBC, warning that government action was needed to kickstart the world’s number two economy.
Japan Exports Saw Rise in April
Japan’s exports rose 5.1 percent in April from a year earlier, above analyst forecasts in a Reuters poll for a 4.8 percent rise.
$82.9 Million Contract Secured to Upgrade Puerto Princesa Airport
The Philippines Department of Transportation and Communications (DoTC) has awarded a $82.9m design-and-build contract to a joint venture (JV) to upgrade Palawan’s Puerto Princesa International airport.
Xiaomi Flagship Mi3 Smartphone for Sale from Today
Yesterday, Chinese Smartphone maker Xiaomi announced that it will release its flagship Mi3 device in Malaysia today, via their mi.com/my website. The unlocked 16GB version of the device retails for RM889 (approximately $277), and will ship with a brand new Malaysia-themed skin for its MIUI firmware. Singapore also got their own MIUI skin when the Redmi device was launched earlier this year. The company added that the Redmi 1S, the upgraded version of its low-mid entry level Smartphone, will make its way to Malaysia in a month’s time, with a further hope to reach the markets in India, Russia, Turkey, Mexico and Brazil by the end of the year.
Uncertain Future for Singapore Flyer
The Singapore Flyer, often scrutinised for its similarities to the London Eye in the UK, has been under pressure to continue being a financial viable tourist attraction.
China Financing $3.8bn East African Railway Development
$3.8bn railway project will connect the capitals of the East African Community (EAC) trade block to the Kenyan port of Mombasa.
SingTel and StanChart Launch Mobile Money Service
SingTel and Stanchart has jumped on the mobile payment bandwagon and have created a new app.
Singapore Employees Work out of the Library
Three public libraries in Singapore allow workers to access office facilities in Smart Work Centres.
