BEIJING (REUTERS) - China will allocate about 4.7 trillion yuan (S$960 billion) for road projects between 2013 and 2030, the Ministry of Transport said on Thursday, in the latest step by policymakers to underpin growth in the world's second-largest economy.
NEW DELHI (REUTERS) - India is unlikely to ban gold imports or increase import taxes on the metal further, as that may lead more gold smuggling, a senior finance ministry official said on Thursday.
HONG KONG (AP) - Manufacturing in China contracted this month at a faster pace as demand weakened, according to a private survey on Thursday, adding to fears about a fragile recovery in the world's second-biggest economy.
Singapore shares opened lower on Thursday, with the benchmark Straits Times Index at 3,172.94, down 1.27 per cent, or 40.85 points.
Many may find this hard to believe but property prices in Singapore are more affordable today than 10 years ago, when measured against income growth, said an economist from DBS.