Bloomberg

Singapore economy

Singapore’s coveted expat jobs threatened by local hire push

Singapore has long been the city of choice for Western expats wanting an easy entrée into Asia. Yet just when Singapore should be a magnet for global talent, some recruiters say the barriers to entry are mounting.

Tech

Japan's administrative technology 'behind the world by at least 20 years', urging 'digital new deal'

The coronavirus crisis may have finally forced Japan’s government to get serious about fixing its computer systems. Before the pandemic, the problems might have been merely annoying, but now they’re impeding an economic recovery.

Zest

Singapore regulator to push for more locals in senior bank roles

Singaporeans make up 70% of senior management roles in retail banks’ local functions, the MAS estimates. Still, the proportion is about 43% across the entire sector, reflecting Singapore’s role as an international financial center, Menon said.

IPO

Threefold growth in Chinese tech IPOs amid US-China tensions

The one-year-old Star board of tech start-ups in Shanghai has become one of the world’s top three IPO venues

Disruption and Digitalisation

StanChart and NTUC Enterprise plan Singapore digital-only bank

Standard Chartered PLC is planning its second digital-only bank in Asia, teaming up with a unit of Singapore’s biggest labor union, according to people familiar with the matter.

Singapore economy

Market analysts cheer a more diverse parliament following watershed Singapore elections

Contrary to fears of a shaken investor confidence following opposition gains, market analysts expect that a more diverse parliament could prevent government "groupthink".

Markets

Asian markets rally, but will lingering virus fears spoil the party?

“The market is resigning itself to the fact that in the absence of an effective vaccine, the virus will not amazingly vanish.” - Stephen Innes, chief global market strategist with AxiCorp Ltd.

Commerce

EU trade retaliation deepens China's trade woes

Brussels accuses Beijing of undercutting EU fibreglass manufacturers by subsidising firms in Egypt.

US Economy

Bloomberg model confirms worst US recession in generations

"Winter is here" - A Bloomberg model indicates 100% chance of recession in the coming year.
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