Philip Chua Business Blog

Posts Tagged ‘rise’

After having increased by a total of 3% in October and November, retail sales dropped by 0.3% mom in December, as car sales fell slightly despite industry reports of another rise. However, in January, the announced drop in domestic vehicle sales could actually translate into higher car sales in the…

Leading indicators went up sharply by 0.9% mom in November – the eighth consecutive increase. We expect leading indicators to have risen markedly again in December, by about 0.7% mom. The steeper yield curve will have been the main contributor to the rise, followed by the drop in jobless claims….

Shares slipped in response to weaker markets overseas and a rise in the dollar, which weighed on commodity prices.

TRADERS were all but wearing Santa Claus suits yesterday as they embraced the Christmas mood and sent the market to a 17-month high.
Funds, too, got in the act by window- dressing blue chips to make the last full trading day before the holiday a festive one. The result was a 17.74-point rise in the benchmark Straits Times Index (STI) to 2,841.56.
But it would not be Christmas without the presence … more

TRADING was mostly weak yesterday, but a late burst of buying ahead of an anticipated rise on Wall Street limited the Straits Times Index’s loss to 15.35 points at 2,781.86.
Earlier in the day, a Hong Kong-led sell-off had dragged the index to a low of 2,769 or a loss of about 28 points. But as traders all know, much of what happens to stocks here depend on expectations for the US market later in … more

MORE than two-thirds of local respondents to a recent survey said they expect a pay rise and an annual bonus soon.

Recruitment firm Ambition said yesterday that of the 489 Singapore-based hiring managers and human resources professionals polled in October, 68 per cent expect their companies to pay higher salaries in 2010, as well as annual bonuses for 2009.

This is a ‘healthy turnaround’ from … more

Stocks climbed Wednesday following a drop in weekly unemployment claims to the lowest level of the year and a rise in new home sales.







Business – Investing – Consumer spending – Labour economics – Economic data

A 70-POINT rise in the December futures contract on the Dow Jones Industrial Average, a 1.7 per cent rise in Hong Kong’s Hang Seng index and a firm opening Europe-wide yesterday led traders here to bet heavily on Wall Street opening the week with a bang. The subsequent buying targeted mainly banks and propelled the Straits Times Index up 56.62 points to 2,783.85 in moderate volume of 1.85 billion … more

A PUSH on the banks helped the Straits Times Index yesterday rise 14.22 points to 2,707.6 in a tepid session that saw the broad market record 163 rises against 218 falls excluding derivatives.
The softness was not overly surprising given that the index had already risen sharply on Monday ahead of the US rally which meant that it made sense for investors to sell into strength yesterday. Providing a… more

S’pore workers can expect 3% pay rise next year: survey
By FELDA CHAY

SUFFERED a pay cut or freeze this year and wondering when your wages will increase? A survey by human resource firm ECA International shows that employees here can expect a 3 per cent salary increase as early as next year, and only 11 per cent of companies surveyed are proposing a pay freeze for 2010.

The ECA Salary Trends… more