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PROPERTY

Singapore home rents fall for first time in over three years

Bloomberg News, Published on 26/01/2024

» Singapore rents dropped for the first time in more than three years, giving respite to tenants on the back of increased housing supply and expectations for an economic slowdown.

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INVESTMENT

Bitcoin down about 20%

Bloomberg News, Published on 23/01/2024

» PORTLAND - Bitcoin has fallen almost 20% since the Jan 11 launch of the first exchange-traded funds investing directly in the token as speculators become more cautious about the potential impact of the products.

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WORLD

North Korea fires cruise missiles to ratchet up pressure

Bloomberg News, Published on 24/01/2024

» SEOUL - North Korea fired multiple cruise missiles into waters off its west coast, stepping up tensions after leader Kim Jong Un said he plans to boost the country's nuclear-strike capabilities.

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INVESTMENT

Investment giant Franklin Templeton explores Thailand expansion

Bloomberg News, Published on 23/01/2024

» HONG KONG - Franklin Templeton is weighing expansion in Thailand, seeking to lure local investors of offshore products as the asset manager strengthens its Asia operations.

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GENERAL

GDP growth fell in 2023, piling rate-cut pressure

Bloomberg News, Published on 23/01/2024

» Thailand's economic recovery lost momentum last year and missed official forecasts, according to a government spokesman Chai Wacharonke, potentially piling pressure on the central bank to pivot to early easing.

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MOTORING

Indonesia says BYD to invest $1.3 billion to boost output

Bloomberg News, Published on 19/01/2024

» China’s BYD (Build Your Dreams), the world’s largest maker of electric vehicles (EVs), will invest US$1.3 billion in Indonesia, including in a production facility, according to a senior government official.

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WORLD

North Korea tests undersea nuclear weapon system, warns of more

Bloomberg News, Published on 19/01/2024

» SEOUL - North Korea claimed it conducted an "important" test of an underwater nuclear weapon system off the nation's east coast, the latest development stirring up tensions on the Korean Peninsula.

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GENERAL

Thai Union to book B18.5bn charge for exiting Red Lobster

Bloomberg News, Published on 17/01/2024

» Thai Union Group Plc, one of the world's biggest makers of canned tuna, will take a one-time charge of US$530 million (18.5 billion baht) as it plans to exit the unprofitable US restaurant chain Red Lobster.

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WORLD

US launches fresh Yemen strike a day after broader attack

Bloomberg News, Published on 13/01/2024

» WASHINGTON - The United States launched a fresh airstrike on a Houthi rebel radar installation Friday, in what was described as a follow-up attack to an earlier barrage across Yemen intended to degrade the group's ability to target commercial shipping in the Red Sea.

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WORLD

Spy satellite race in Asia heats up with Japanese rocket launch

Bloomberg News, Published on 12/01/2024

» SEOUL - A rocket carrying the latest addition to Japan's network of spy satellites is bound for orbit, a major step for the island nation as its neighbours also look to strengthen their surveillance capabilities in space.