Philip Chua Business Blog

Posts Tagged ‘year’

The economy rocketed ahead at a 5.9 percent pace in the final quarter of 2009, stronger than initially estimated. But the growth spurt isn’t expected to carry over into this year.

Economy of the United States – Business – Financial Services – Investing – Social Science

Fannie Mae needs another $15 billion in federal assistance, bringing its total to more than $75 billion. And worse, the mortgage finance company warned its losses will continue this year.









Fannie Mae – Freddie Mac – Business – Thailand – Provinces

Nearly a year after the stock market staged one of the biggest rallies in history, investors  worry that this bull may be getting wobbly. There’s no shortage of cause for concern.  







Stock market – Investing – Business – Stocks and Bonds – Equities

Chairman Bernanke’s testimony this week stated the increasingly obvious reality of this recovery “Notwithstanding these positive signs, the job market remains quite weak, with the unemployment rate near 10 percent and job openings scarce.” Meanwhile, the Obama administration projected 9.8 percent unemployment at the end of this year. On the…

POLICYHOLDERS of NTUC Income can expect a surprise bonus this year to commemorate its 40th anniversary. Yesterday, its chief executive Tan Suee Chieh told The Straits Times that it is likely to do ’something special’ for its customers to mark the anniversary.
Details will be announced when the insurance cooperative posts its investment performance next month or in April.
Besides the good news for … more

DBS GROUP Holdings is Singapore’s top bank brand, according to a survey of the world’s 500 leading banking names.
The Brand Finance Banking 500 report, which measures strength, risk profile and growth potential to calculate brand value, claimed DBS eclipses rivals United Overseas Bank (UOB) and OCBC Bank.
It put DBS’ brand value at US$1.52 billion (S$2.1 billion) last year – a 12 per cent hike fro… more

European companies are happy with a weaker euro as it will help them boost exports this year, Europe’s business federation said Monday.







European Union – Export – Business – Government – Multilateral

INVESTORS should use the recent correction to buy into markets, say strategists of two private banks. But banish the thought of a buy and hold approach, as volatility may well erase gains made during the year.
Says Credit Suisse Private Bank’s chief investment officer Stefan Keitel: ‘Buy on weakness, sell on strength. There will be two to three corrections in 2010 but also opportunities.
‘We think… more

THE opening of Singapore’s first integrated resort (IR) – expected to be on or just before Chinese New Year – will kick off a new chapter in the history of Singapore’s tourism industry and, indeed, of its economy.
While this is worth celebrating, it is also to be hoped that everything has been done to ensure that the casino operations, especially, adhere to the regulations laid down by the Casino … more

(SINGAPORE) The government’s 2009 budget deficit is likely to be smaller than projected, leaving room for a substantial fiscal package this year, economists say.
While initial estimates last year were for an $8.7 billion deficit, or 3.5 per cent of GDP, Citi economist Kit Wei Zheng said in a report yesterday that a milder recession than feared means operating revenue is likely to come in above pro… more