Bizview: Today's top business news

Pedestrians are reflected in a share prices board in Tokyo on January 4, 2016. Tokyo stocks tumbled more than three percent on January 4, hit by weak China data and a pick-up in the yen as investors seek out the safe-haven unit fearing growing tensio
Pedestrians are reflected in a share prices board in Tokyo on January 4, 2016. Tokyo stocks tumbled more than three percent on January 4, hit by weak China data and a pick-up in the yen as investors seek out the safe-haven unit fearing growing tensions in the Middle East. PHOTO: AFP

Singapore private home prices fall 3.7% in 2015, at slower pace than in 2014: URA flash data

Private home prices fell at a slower pace last year than in 2014, according to flash estimates from the Urban Redevelopment Authority (URA) on Monday (Jan 4). Prices were down an estimated 0.5 per cent in the fourth quarter of last year, taking the full year decline to 3.7 per cent. In 2014, prices fell 4.0 per cent during the year.

Too soon to say Singapore private home price declines are slowing down: Experts

Private home prices may have fallen at a slower pace last year than in 2014 but the trend of quarterly price decline is expected to continue, and future declines may not be as small, experts said.

Singapore economy grows 2.1% for full-year 2015 and 2% in Q4: MTI flash estimates

The Singapore economy grew a modest 2.1 per cent in 2015, the weakest rate of growth since 2009 as tepid global demand continued to weigh on export-dependent sectors like manufacturing. This is according to advance estimates released on Monday (Jan 4) by the Ministry of Trade and Industry.

Cloud-based software provider Deskera heads for Catalist listing

A provider of cloud-based business management software has lodged a preliminary offer document for a listing on the Catalist board on Dec 31 last year. Deskera Holdings provides software that support business needs like enterprise resource planning and customer relationship management, and caters mainly to the Asian small and medium enterprise (SME) market.

Singapore-listed companies buy back record S$2 billion worth of shares in 2015

Listed companies in Singapore bought back S$2 billion worth of shares on the Singapore Exchange (SGX) in 2015, a record high since the share buyback scheme was introduced in 1999. Last year's total share buyback value surpassed the previous high of S$1.071 billion during the global financial crisis in 2008, according to data from research firm Asia Insider Limited.

Over 8,000 insurance payouts in Singapore unclaimed but public can now check online register

The Life Insurance Association of Singapore (LIA Singapore) has launched an online register for members of the public to check on unclaimed insurance payouts. There are 8,185 insurance policyholders across the industry with payouts due to them as at Sept 30, 2015, LIA Singapore revealed in its announcement on Monday (Jan 4).

Oil prices jump over 2% on Saudi Arabia, Iran tensions

Oil prices jumped over 2 per cent in the first trading hours of 2016 on Monday (Jan 4) as relations between Middle Eastern rivals Saudi Arabia and Iran deteriorated following Riyadh's execution of a prominent Shi'ite Muslim cleric.

Sydney home prices record biggest quarterly drop in 4 years

Sydney home prices fell for the second- consecutive month and recorded the worst quarter in four years as a regulatory crackdown pushed up mortgage rates and dented affordability amid record prices.

China December factory activity shrinks for 10th straight month: Caixin PMI

China's factory activity contracted for the 10th straight month in December, and at a sharper pace than in November, a private survey showed on Monday (Jan 4), dampening hopes that the world's second-largest economy will enter 2016 on steadier footing.

PM Abe says Japan no longer in deflation, economy on recovery path

Prime Minister Shinzo Abe said on Monday jan 4) that Japan was exiting deflation and pledged that his government and the central bank would work together to completely defeat it.