Philip Chua Business Blog

Posts Tagged ‘revision’

IN many respects it was an odd week for local stocks, but on reflection, maybe one that turned out within expectations. Players were puzzled by the market's lack of reaction to news of a surprise upward revision in economic growth to as high as 15 per cent this year. But if you think about it, this is probably because most of the good news has already been priced in - and markets are in all likeli... more

US equities rose slightly, despite earlier losses due to a negative revision to US GDP, as Congress agreed on a diluted fi nancial reform bill, and annual rebalancing in the Russell 2000 small company index raised traded volume. The S&P500 closed up 0.4% on the day, fi nancials +3.1%, but

(SINGAPORE) Inflation is now expected to be higher in 2010, as a result of increased Housing and Development Board property values.
The government has revised its consumer price index (CPI) inflation forecast to between 2.5 and 3.5 per cent, from a one to 2 per cent range previously.
This is to account for the Inland Revenue Authority of Singapore’s recent revision of annual values of HDB properti… more

AFTER two days of red ink and downbeat investor sentiment, the local bourse swung back into positive territory yesterday following gains on other Asian stock markets.
Stocks enjoyed a rally following encouraging auto data out of the United Sates and an upward revision of China’s growth forecast by the World Bank. These two items of news stoked investor hopes of a sustainable economic recovery.
Inv… more

PUBLIC hospitals have raised the prices of some generic drugs – including some which treat chronic conditions like diabetes – by as much as 25 per cent a tablet.

PRICE REVISION MODERATED
‘The drugs at our hospital are heavily subsidised and we have absorbed most of the cost increases so that th… more

THE Monetary Authority of Singapore believes the local economy is likely to see slow and uneven economic growth instead of a sharp and decisive recovery.

The sober outlook is despite recent data showing a sharp rebound in second-quarter growth and the Government’s upward revision of its growth forecast.

The MAS cited stresses in the global financial system and weakening job markets in the majo… more