US Navy P-8 Poseidon aircraft. Nurphoto | Nurphoto | Getty Images SINGAPORE — The commander of the US Seventh Fleet said on Tuesday that he has seen an increase in “unsafe” aerial intercepts by the Chinese military in the South China Sea region. As recently as May, a Chinese fighter aircraft allegedly intercepted a Royal … Read more
Real estate investors are now being “careful and prudent” about deploying capital in the face of growing economic uncertainty around the world, said leading Singaporean property investment manager CapitaLand Investment. Its half-year financial results on Thursday revealed that CapitaLand Investment’s profit fell 38% to $433 million Singaporean dollars ($316 million) for the first half of … Read more
SINGAPORE — Japan stocks surged on return to trade, while shares in the Asia-Pacific were mostly lower on Friday following strong gains in the previous session as investors digested the US inflation report. The Nikkei 225 jumped 2.15%, while the Topix index rose 1.86%. Japanese markets were closed Thursday for a holiday. In Australia, the … Read more
SINGAPORE — Asia-Pacific markets climbed on Thursday after a better-than-expected inflation report in the US sent stocks spiraling higher. Australia’s S&P/ASX 200 rose 0.97%. The Kospi in South Korea was 1.32% higher and the Kosdaq jumped 1.31%. Hong Kong’s Hang Seng index advanced 1.19%, with the Hang Seng Tech index rising 1.66%. We doubt very … Read more
SINGAPORE — Asia-Pacific shares fell on Wednesday as investors digest inflation data from China and look ahead to the US CPI report. Hong Kong’s Hang Seng index fell 2.29% in the final hour of trade, with the Hang Seng Tech index down 3.43%. Heavyweights Meituan and JD.com fell 4.6% and 5.34% respectively. Heath care, consumer … Read more
Recession fears may be looming in Asia-Pacific, but that hasn’t stopped companies in India, Australia and Singapore from continuing their hiring spree, according to LinkedIn. As economies reopened after the pandemic, companies in the hospitality, retail and entertainment sectors ramped up hiring, said Feon Ang, Asia-Pacific managing director at the professional networking platform. All three … Read more
Buildings in Singapore at dusk. Asia is already home to a number of tidal power projects. Guvendemir | E+ | Getty Images Japanese shipping giant Nippon Yusen Kaisha is to take part in a tidal power project planned for Singapore, as the emerging marine energy sector gains traction. The demonstration project, run by Singapore-owned Bluenergy … Read more
Some 49% of Singaporeans say they are considering Japan for their next vacation abroad, according to the market research firm YouGov. Interest may be even higher among young citizens. Some 68% of Singaporeans aged 16 to 24 years old indicated they are considering Japan for their “next vacation,” compared to 37% of those aged 55 … Read more
SINGAPORE — Asia-Pacific shares traded higher on Thursday following the rally on Wall Street. Japan’s Nikkei 225 rose 0.76%, while the Topix index climbed 0.25%. The Kospi in South Korea gained 0.33% and the Kosdaq advanced 0.65%. In Australia, the S&P/ASX 200 added 0.21%. MSCI’s broadest index of Asia-Pacific shares outside of China was 0.21% … Read more
SINGAPORE — Shares in the Asia-Pacific were mostly higher Wednesday as geopolitical tensions between the US and China intensified over US House Speaker Nancy Pelosi’s visit to Taiwan. Mainland China markets led gains. The Shanghai Composite rose 0.93%, and the Shenzhen Component added 1.29%. On Tuesday, before Pelosi’s arrival, both indexes fell as much as … Read more