Singapore’s first quarter GDP
rose unexpectedly in the first three months of 2013, beating government predictions of a contraction in growth over the period. Better than expected conditions in services and construction have eased pressure on the central bank to adjust monetary policy to boost growth.
Japan’s largest securities firm plans new hires in fixed-income sales in Asia, the Americas and Europe, despite its current cost-cutting initiatives.
A small decision on moving hot money back to the west could have a very big impact in Asia, but large investors in the region argue that the money coming to Asia is part of a longer-term strategic allocation.
DBS Bank tops brand rankings
DBS Bank has been ranked the most valuable brand in Singapore for the first time, ahead of Singapore Airlines.
China’s outbound M&A hits new high
The total value of China’s outbound mergers and acquisitions in 2012 reached a record-high of US $65.2 billion.