Singapore, Malaysia choking on haze from Indonesia
Singapore's skyscrapers were shrouded in haze and the acrid smell of burnt wood pervaded the central business district. (17 Jun) - Singapore urged Indonesia to take "urgent measures" on Monday as severe air pollution from a rash of forest fires on Sumatra island choked the densely populated city-state. Singapore's skyscrapers...
China credit bubble unprecedented in modern world history
China bubble China's shadow banking system is out of control and under mounting stress as borrowers struggle to roll over short-term debts, Fitch Ratings has warned. 4:12PM BST 16 Jun 2013 The agency said the scale of credit was so extreme that the country would find it very hard to grow its way out of the excesses as in past...
Singapore’s Non-Oil Exports Contract More Than Expected
(17 Jun) - Singapore's non-oil exports declined more than expected in May, due to a drop in electronic shipments, the latest data from International Enterprise (IE) Singapore showed Monday. The non-oil domestic exports (NODX) fell 4.6 percent year-on-year in May, following a 1 percent decrease in April. Economists had forecast...
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