Press releases about business, cryptocurrency, fintech and more news in Hong Kong and Asia

Brokers maintain ‘buy’ call on ComfortDelGro despite STI exit

SINGAPORE – Analysts on Friday reiterated their “buy” calls on ComfortDelGro, citing rising ridership of public transport and decent dividend payouts. This is despite the stock being dropped as a component of Singapore’s Straits Times Index (STI) for falling below the top 30 listed companies by market capitalisation and liquidity on the bourse. ComfortDelGro was replaced by […]

China factory activity contracts for second month as risks grow

BEIJING (REUTERS) – China’s factory activity extended declines in August as new Covid-19 infections, the worst heatwaves in decades and an embattled property sector weighed on production, a survey showed on Wednesday (Aug 31). The official manufacturing purchasing managers’ Index (PMI) rose to 49.4 in August from 49.0 in July, the National Bureau of Statistics (NBS) […]

Inflation may ease next year, but that outlook is still uncertain, MAS says in annual report

SINGAPORE – Singapore’s central bank believes inflation may abate next year, but warned that if prices and wages continue to remain elevated a deeper cut in economic growth could be needed to achieve stability. “Inflation is expected to ease in 2023 as major central banks withdraw policy accommodation and supply challenges are addressed. However, the […]