Singapore factory output sees weakest growth in 11 months as electronics production falls

SINGAPORE – The growth in Singapore’s manufacturing output slowed further in August, as production in the key electronics sector shrank for a second month in a row. Weakness in the electronics cluster, which represents 40 per cent of Singapore’s industrial output, may drag the overall performance of the export-driven economy as rising inflation and interest […]

Is it worth paying more to live above a mall?

SINGAPORE – Integrated developments are highly sought after by investors and people who want more than just a home. These properties are specially curated by top developers who have diverse expertise in building residential and commercial projects. Integrated developments feature a dynamic composition of residential homes, a large shopping mall beneath the development, an array […]

Ethereum completes long-awaited energy-saving ‘Merge’ upgrade

SINGAPORE – Crypto’s most important commercial highway, Ethereum, just got repaved. The blockchain network has completed the crypto world’s biggest and most ambitious software upgrade to date, according to its co-founder Vitalik Buterin in a Twitter post on Thursday. Called the Merge, it replaced power-hungry computers that were used to order transactions on the network […]

China consumer stock rout signals darkening economic outlook

BEIJING – Covid restrictions are stifling spending in China’s vast consumer market and turning some popular retailers and automakers into stock laggards. The outpouring of pent-up demand has been absent in Covid-Zero China. Instead, an uncertain growth outlook, coupled with a record high youth jobless rate, has caused consumer discretionary stocks in the MSCI China […]

China’s economic recovery wobbles as drought and global slowdown add to risks

BEIJING (BLOOMBERG) – China’s economy continued to recover in August but warning signs are flashing across a number of fronts as weaker global demand and a crippling drought exacerbated by a record heatwave add new risks to growth prospects. That is the outlook based on Bloomberg’s aggregate index of eight early indicators for this month. The […]