Philip Chua Business Blog

Posts Tagged ‘global recession’

SINGAPORE’S life insurance industry marked a second consecutive quarter of recovery with $426 million of total weighted new business premiums in the third quarter, placing the industry near levels before the global recession.
While this is a tad lower than the weighted new business premiums of $444.8 million in the third quarter of last year, it is a jump of 40 per cent from the second quarter and… more

THE local stock market may be enjoying a rally, but it was a vastly different picture for corporate Singapore’s earnings in the first half of the year.

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HALF-TIME SCORE

Most listed companies here bore the full brunt of the global recession, which was at its most br… more

Reuters – Exxon Mobil Corp reported a steeper-than-expected drop in quarterly profit as natural gas and crude oil prices slid from a year ago and the global recession hurt demand for fuel.

Reuters – Exxon Mobil Corp reported a 66 percent drop in quarterly profit Thursday as natural gas and crude oil prices slid from a year ago and the global recession hurt demand for fuel.

ASIAN economies appear to have turned the corner from the global recession and should be able to double next year the anaemic growth rates they are expected to post in 2009, the Asian Development Bank (ADB) said yesterday. But it warns in its latest Asia Economic Monitor that the road to full recovery is strewn with hazards.
The biggest single threat to continuing recovery identified by ADB report… more

AFP – Oil prices bounced higher Monday, buoyed by improved optimism about recovery from global recession that also lifted stock markets.