The #Pacific Daily

Business

Pacific Economic Monitor - July 2016

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One in four countries don’t notify the public about proposed new business regulations

blogs.worldbank.org - Transparency and accountability in government actions are increasingly recognized as central to economic development and political stability. Where citizens know the rules that govern their society...

Air Liquide commissions the world’s first helium storage facility in Germany | News

gasworld.com - In a world first, Air Liquide has commissioned a large He storage facility in North Western Germany, enabling the French business to “better answer its customers’ needs for a reliable and predictab...

New bankruptcy framework from Aug 1: Higher debt thresholds, faster applications

straitstimes.com - SINGAPORE - Debtors will now be able to meet a higher debt threshold before being made bankrupt, while creditors can file a bankruptcy application sooner, under new laws aimed at creating a more re...

Brokers' take: Higher target prices for Sheng Siong on 'counter-cyclical' buy

businesstimes.com.sg - TWO brokerages raised their target price for supermarket chain Sheng Siong Group after it posted an 11.3 per cent rise in quarterly profit. Shares of Sheng Siong rose 2.6 per cent, or 2.5 Singapore...

Great Eastern sees 63% fall in Q2 earnings

straitstimes.com - SINGAPORE - Great Eastern Holdings posted on Wednesday (July 27) a 63 per cent fall in net profit to S$102.2 million for the second quarter ended June 30, from S$277.7 million in the year ago perio...

Dow slips ahead of Fed's policy announcement

channelnewsasia.com - NEW YORK: The Dow finished in the red on Tuesday (Jul 26), in part due to disappointing results from McDonald's, as investors awaited a policy announcement by the US Federal Reserve. McDonald's she...

Goldman Sachs abused trust in dealings with Libyan LIA, fund's lawyer tells trial

channelnewsasia.com - LONDON: Goldman Sachs abused its position as a trusted adviser to Libya's sovereign wealth fund, a lawyer for the fund argued on Tuesday, in a case that has subjected the bank's dealings to a foren...

Stocks close mixed; McDonald's plunges in worst day since 2009

cnbc.com - U.S. stocks closed narrowly mixed Tuesday, amid major earnings reports and ahead of the week's central bank meetings. Shares of McDonald's had their worst day since July 23, 2009, with a decline of...

Bank of Korea chief says monetary policy rate cannot go to 0%

businesstimes.com.sg - [SEOUL] South Korea's central bank chief said on Wednesday that the country's monetary policy rate cannot be slashed to zero per cent anytime soon because the bank needs policy space to back ongoin...

SGX flags cautious outlook after quarterly profit fall

channelnewsasia.com - SINGAPORE: Singapore Exchange (SGX) flagged a cautious outlook for its next financial year on Wendesday (Jul 27) after reporting a 20 per cent fall in fourth-quarter net profit, hit by lower securi...

Commuters on Downtown Line triple after stage 2 opening

channelnewsasia.com - SINGAPORE: The number of commuters taking the Downtown Line (DTL) has grown significantly since the opening of Downtown Line 2 (DTL2), which has changed the travel patterns of residents along the n...

S$100m fund set aside to boost quality and standards ecosystem

businesstimes.com.sg - THE government has a budget of up to S$100 million over the next five years to enhance Singapore's quality and standards (Q&S) eco-system, Deputy Prime Minister Tharman Shanmugaratnam announced on ...

DBS Private Bank hires ex-UBS banker to head S-E Asia unit

businesstimes.com.sg - DBS said on Wednesday it has appointed former UBS banker Joseph Poon as the regional head of South-east Asia for its private bank division. He joins on Aug 16, 2016. Mr Poon was most recently head ...

Apple Reports Third Quarter Results

news.sys-con.com - Apple® today announced financial results for its fiscal 2016 third quarter ended June 25, 2016. The Company posted quarterly revenue of $42.4 billion and quarterly net income of $7.8 billion, or $1...

3M to invest S$135m in Singapore as part of expansion plans

channelnewsasia.com - SINGAPORE: Multinational manufacturer 3M is investing S$135 million over the next two and a half years as part of its plans to expand its Tuas manufacturing plant.  The 100,000-square-metre plant i...

MAS 'using technology to keep financial industry clean'

straitstimes.com - Big data and machine learning are being considered as weapons against money laundering as the Monetary Authority of Singapore works to restore Singapore's reputation as a clean financial centre. MA...

MCT selling new units to raise at least $1b for acquisition

straitstimes.com - Mapletree Commercial Trust (MCT) is selling new units to raise a minimum of $1.02 billion to partially fund the acquisition of the office and business park components of Mapletree Business City (Ph...

Special Report: In Venezuela's murky oil industry, the deal that went too far

todayonline.com - CARACAS/BOGOTA - Even for Venezuela's notoriously opaque economy, it was a sweetheart deal that went too far. Last August, state oil company Petroleos de Venezuela SA issued one of its largest tend...

Wall St. mixed, Apple impresses and Twitter disappoints

channelnewsasia.com - REUTERS: U.S. stocks were mixed on Tuesday as Federal Reserve policymakers kicked off a two-day interest rate meeting and investors braced for quarterly scorecards from Apple and Twitter. Choppy st...

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