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Singapore economy unexpectedly shrinks as trade woes worsen

SINGAPORE: Singapore’s economy unexpectedly contracted in the second quarter as exports continued to plunge amid a worsening global economy.

Japan exports seen down in July on lacklustre global demand, strong yen

TOKYO: Japan's exports are expected to have fallen for a 10th straight month in July on lacklustre global demand and a strong yen, a Reuters poll showed on Friday.

Company expects huge growth for gold investment

PUBLIC Gold Marketing Sdn Bhd expects gold investment returns to grow by a double-digit percentage this year.

Northern corridor authority confident of achieving RM12bil investments target

GEORGE TOWN: The Northern Corridor Implementation Authority (NCIA) is confident of achieving its target of RM12bil in investments for the northern region this year, a 21% hike from its RM9.91bil achieved last year despite a worsening global economy.

Chip-makers see good third quarter

GEORGE TOWN: Local automated semiconductor equipment and chip-assembly companies expect a relatively healthy third quarter (Q3) but a sluggish fourth quarter (Q4) ahead, in which the book-to-bill ratio is expected to dip to below one.

WTO calls for continued trade opening as globl economy worsens

SINGAPORE: World Trade Organisation (WTO) director-general Pascal Lamy has called for trade opening to continue as the global economic outlook worsens.

Surviving the crunch

SMALL and medium industries (SMIs) should be linked to support a given industry rather than compete with each other, said Chief Minister Lim Guan Eng.

S. Korea exports drop 17% in February

SOUTH Korean exports in February sank 17.1%, half as much as their drop in January, but overseas sales are expected to keep falling as consumers and companies cut spending amid a worsening global economy.

Oil rises above US$38 Tuesday in Asia(updated)

Oil prices crept above US$38 a barrel Wednesday in Asia as a $1 trillion U.S. bank rescue plan failed to convince investors in crude and equities that the government can revive an ailing financial system.