SINGAPORE–Small and midsize businesses (SMBs) and older workers are main beneficiaries of the country’s 2012 budget, which was formulated to restructure and upgrade the local economy while building an “inclusive society”. Revealed by Deputy Prime Minister and Minister of Finance Tharman Shanmugaratnam on Friday, this year’s budget showed that Singapore’s economy expanded by 4.9 percent in 2011. This figure was within …
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(Reuters) – Asian banks are filling the void in the aircraft financing market left by squeezed European lenders, but Middle East tensions and the sheer scale of Asia’s aviation growth look set to leave the industry’s funding on a knife-edge, experts said. Banks from Singapore, China and Japan have stepped up their activities in the lucrative sector. The realignment has pushed back …
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Feb. 8 (Bloomberg) — Peter Elston, head of Asia Pacific strategy and asset allocation at Aberdeen Asset Management in Singapore, talks about the impact of Europe’s sovereign debt crisis on Asia’s financial markets. Elston also discusses Federal Reserve monetary policy. He speaks with Susan Li on Bloomberg Television’s “First Up.” (Source: Bloomberg)
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Feb. 10 (Bloomberg) — Mohammed Apabhai, head of Asia trading strategy at Citigroup Inc., talks about his investment strategy. He also discusses China’s economy and Europe’s sovereign debt crisis. He speaks with John Dawson, Susan Li, Zeb Eckert and David Ingles on Bloomberg Television’s “Asia Edge.” (Source: Bloomberg)
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Thailand’s new finance minister, Kittiratt Na-Ranong, talks about Greece, the Thai economy and regional cooperation. As Greece goes hat-in-hand for its second EU and IMF bailout in as many years, Thailand’s new finance minister, Kittiratt Na-Ranong, who is also deputy prime minister, offered a bit of friendly advice yesterday: ditch the euro — you’ll struggle now, but in the long …
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Feb. 16 (Bloomberg) — The following companies may have unusual price changes in Asian trading tomorrow. Stock symbols are in parentheses, and share prices are as of the latest close. The information in each item was released after markets shut unless stated otherwise. Bridgestone Corp. (5108 JT): The world’s biggest tiremaker by market value expects net income to surge 63 …
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Baidu Inc. (BIDU), owner of China’s dominant search engine, reported fourth-quarter profit that topped analysts’ predictions as companies boosted spending on online advertising to reach users in the top Internet market. Profit excluding certain items was 95 cents per American depositary receipt, compared with 90 cents, the average estimate of analysts surveyed by Bloomberg. Net income climbed 77 percent to 2.05 billion …
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Sina Corp. (SINA) gained, helping Chinese shares traded in New York to a five-month high, after analysts recommended buying the nation’s Internet companies as users climb and their stock trades cheaper than peers in the U.S. Sina, which runs the Twitter-like Weibo service in China, jumped the most in two weeks, while E-Commerce China Dangdang Inc. (DANG), China’s largest Internet …
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