The unemployment rate in 2015 dropped to a 15-year low even though the economy showed signs of flattening out and even contracting, statistics compiled by the Directorate General of Budget, Accounting and Statistics (DGBAS) showed Friday.
Singapore's trade-dependent economy grew by an estimated 2.1 percent in 2015, its worst performance since the 2009 recession, as global demand for Asian exports slumped, official data showed Monday.
The latest interest rate cut by the local central bank is necessary and reasonable at a time when the local economy has showed signs of slowing down, Chairman Tseng Ming-chung (曾銘宗) of the Financial Supervisory Commission (FSC, 金管會) said.
The Taiwan Stock Exchange (TWSE) and its Korean counterpart -- the Korea Exchange (KRX) -- have signed a memorandum of understanding (MOU) to forge closer cooperation, aiming to expand exchange traded funds (ETF) trading for both stock exchanges.
Another online rumor has emerged about a potential new product to be rolled out by Taiwanese smartphone maker HTC Corp., this time talking up a smartwatch that can be used to make phone calls.
Taiwan shares shed 77.79 points Monday, or 0.93 percent, as the market was overshadowed by fear of a possible interest rate rise in the United States and by global index provider MSCI Inc.'s cutting of Taiwan's weighting in three of its indexes.
Singapore lowered its growth forecast for 2015 because of weakness in manufacturing and said gains will continue to be modest next year even as the global economy improves.
Singapore remains the easiest place to do business, while developing countries stepped up their pace of business-friendly reforms in the past year, according to a World Bank report published Tuesday.
Trade-dependent Singapore narrowly avoided a technical recession in the third quarter, official estimates showed Wednesday, but analysts said the city-state's growth outlook remains subdued because of mainland China's slowdown.
An umbrella group of local and foreign banks in smog-hit Singapore has urged members to make "sustainable development" part of their lending requirements, stepping up pressure on companies linked to land-clearing fires in Indonesia.