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Malaysia hits deflation for first time since 2009 global crisis

Bloomberg Malaysia’s economy swung into deflation in January for the first time since the aftermath of the global financial crisis in 2009 as fuel prices dropped. Consumer prices declined 0.7 percent from a year ago after hovering below 1 percent in the previous seven months, according to the statistics department. The median estimate in a Bloomberg survey of 21 economists ...

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‘Singapore has a better Bali on its doorstep’

Bloomberg Singapore’s second-largest developer has a suggestion for the government: re-position the billionaire enclave of Sentosa as a tourism hot-spot like Bali. Property values at Sentosa Cove, a residential area nestled on a tiny island off the south coast, have been hit particularly hard, with home prices down about 30 percent from the highs seen in 2010. Even as the ...

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Sony to back entrepreneurs with money, support

Bloomberg Sony Corporation, once known for innovations like the Walkman, will begin to back entrepreneurs outside the company with money, marketing support and more as it seeks more breakthroughs. The Tokyo-based company said it would open up an internal accelerator program to external entrepreneurs, including a partnership with Tokyo University under which students can turn ideas into businesses. Depending on ...

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