Get an insight into the companies and events that shape and move the markets in Singapore.
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1
22 Jun 2010
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Power systems provider Rolls-Royce recently released the results of a survey where it forecast that its value-add contribution to the Singapore economy will account for 0.5 percent of GDP by 2015 versus 0.3 percent in 2008. That amounts to about $1.5 billion in the next five years. 938 LIVE's Jonathan Peeris caught up with Jonathan Asherson, Rolls Royce’s Regional Director for South East Asia, to find out more about the firm's plans.
Mr Asherson starts by breaking down the survey.
2
21 Jun 2010
Stocks -
3
15 Jun 2010
- Cheap labour has been one of the factors in the past that has enabled China to attract big multi national corporations. Such a complaisant workforce requiring minimal wages helped China to be the world’s manufacturer, as firms elsewhere set up shop in the country. But the days of cheap labour in China may be ending. A spate of labour disputes has forced companies like Taiwanese tech firm Foxconn, and Japan's Honda, to raise wages for their workers. And authorities are now concerned that this may lead to copycat strikes - in a push for higher pay.
To find out more about whether the wage increases have reduced China's attractiveness as an investment destination, Channel News Asia’s Melvin Yong speaks with Managing Director of CLSA, Fraser Howie. Mr Howie begins by explaining how companies are trying to manage the new reality of a more demanding labour force
4
14 Jun 2010
Stocks - Singapore stocks ended last week lower as shares here fell after they were unable to recover the losses made early in the week on the back of disappointing jobs data from the US. Traders say investors are still cautious, preferring to stay on the sidelines to wait for clearer directions on how the market might trade. And trading could stay thin for a while, as analysts say the World Cup period is traditionally a time when volume is lower.
But the main issue, says Chief Investment Strategist at Providend, Daryl Liew, is that investment sentiment is still not positive. He starts by telling 938LIVE’s Bharati Jagdish that investors are still feeling nervous
5
08 Jun 2010
- A new survey by internet search giant Yahoo shows that mobile internet access in emerging countries like Indonesia and Vietnam almost doubled in the last year. Advertisers now face the challenge of expanding their digital marketing efforts to these mobile devices. 938 LIVE's Jonathan Peeris speaks Ken Mandel, Asia Pacific Vice President of Advertising Sales for Yahoo to find out more. Mr Mandel starts by explaining the trends that were unearthed by Yahoo's latest Net Index Survey.
6
07 Jun 2010
Stocks - Singapore stocks are bracing for another round of deleveraging after US stocks plummeted by more than 3 percent last Friday on poor jobs data. It’s disappointing for investors who had hoped that shares here would continue its recent rally after closing higher last week. The Singapore market had turned positive in the first week of June last week, up by 67 points or 2.4 percent to 2,806. It managed to rack up the gains despite a dismal month in May, which saw the benchmark STI losing nearly 200 points or 7.5 percent on continuing concerns about the euro zone. And such worries will continue to plague the local bourse, says James Lim, analyst at DMG Partners Securities. He starts by telling 938LIVE’s Bharati Jagdish that things do not look good in the short term
7
25 May 2010
- Stock markets around the world remain volatile as investor sentiment is dampened by the European debt crisis. But while some economists are raising alarm bells, others remain optimistic that the crisis will not derail global growth as strong economic numbers from the US and Asia continue to surprise on the upside. 938 LIVE's Jonathan Peeris speaks with Prakriti Sofat, Regional Economist at Barclays Capital, to find out more. She starts by giving her assessment on the prospects for global growth.
8
24 May 2010
Stocks -
Singapore stocks had a miserable time last week, dropping below the 2,800 mark tracking falls all over the region due to mounting concerns about the widening crisis in Europe. This, despite sterling double digit growth for Singapore's economy. Vasu Menon, Vice President of Wealth Management Singapore at OCBC Bank, tells 938LIVE’s Bharati Jagdish that the volatility in the market is set to continue.
9
20 May 2010
- Singapore’s gross domestic product or GDP in the first quarter came in better-than-expected. The Ministry of Trade and Industry or MTI said today that growth in the 3 months to March grew by 15.5%on-year, higher than initial estimates of 13.1 percent. Compared to the previous quarter, growth was even more spectacular, expanding by 38.6% instead of flash estimates of 32.1%. Senior Regional Economist at Barclays Capital, Leong Wai Ho, tells 938LIVE’s Bharati Jagdish that the good showing was largely in line with his expectations.
10
19 May 2010
Global Economy Part 2 -
JP Morgan's chief economist Bruce Kasman continues giving his outlook for the global economy. In part 1, he spoke about the current crisis in Europe and the resurgence of consumer confidence in the US. He tells 938 LIVE's Jonathan Peeris about how these events in the West will impact Asia.
11
18 May 2010
- Several European countries have taken swift policy action to contain a possible liquidity crisis in Europe that started with Greece's debt problems.
But will it be enough to contain it or will the problems spillover into the rest of the world and hinder global growth. In the first of this two part interview, 938 LIVE's Jonathan Peeris speaks with JP Morgan's chief economist Bruce Kasman, to find out more. Mr Kasman starts by elaborating on why he remains bullish about global growth despite the current concerns about Europe.
12
17 May 2010
Stocks -
Singapore stocks began last week brightly, but the rally soon fizzled out on worries in Europe. Markets were initially cheering the 1 trillion US dollar emergency package put together by the European Union and the International Monetary Fund. That optimism were quickly replaced by fears that the austerity measures needed as part of the emergency aid would further weaken Europe’s growth. Still, the Singapore market made enough gains in the earlier part of last week for the benchmark index to rise by 34 points for the whole week to 2,855. With such uncertainty in the market, Research Director of NetResearch Asia, Koh Bee Ann, tells 938LIVE’s Keith de Souza that the volatility may continue this week.
13
11 May 2010
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One sector that has remained resilient during the global financial meltdown is the technology sector. Yet, despite strong first quarter results, skepticism about technology companies remain due to fears of another technology bubble. 938LIVE's Jonathan Peeris speaks with Stuart O'Gorman, Director of Technology Investments at Henderson. He's also the fund manager for Henderson's Horizon Global Technology Fund which consists of almost a billion US dollars of assets under management. Mr O'Gorman starts by elaborating on why he's so bullish on tech companies and what will drive the sector going forward.
14
20 Apr 2010
Sing Dollar - Singapore’s central bank, the Monetary Authority of Singapore or MAS, made an aggressive move last week to allow the Sing dollar to appreciate. While that is good news for Singapore travellers who will find other currencies’ cheaper, Singapore exporters may find it harder to compete when selling their goods, which have now become more expensive. Senior Currency Economist at DBS, Philip Wee, tells 938LIVE’s Mok Fei Fei that the monetary tightening has led the Sing dollar to rise strongly against other currencies.
15
19 Apr 2010
- Singapore stocks did well last week, with the benchmark STI breaking past the 3,000 level. Stocks soared after Singapore announced its first quarter gross domestic product or GDP numbers, with growth up 32.1 percent on-quarter. For the week, the STI rose 35 points to 3,007. But investors here may have to brace themselves for another period of deleveraging as banking giant Goldman Sachs was charged with fraud by US authorities. Despite that, Vice President of the Securities Association of Singapore, Roger Tan, tells 938LIVE’s Bharati Jagdish that the STI’s 3,000 support level is not a fluke.
