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Bosses get ready to move workers staying in flats

Marine company boss Thavaseelan Kumarasamy rents rooms for his workers in three HDB flats in Boon Lay.It is a win-win situation for him and his employees from India. The flats are located near the...

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Alipay brings the frenzy of Black Friday to China

Chinese shoppers can now participate in a celebrated American shopping ritual: Black Friday.A group of high-end retailers in the United States have teamed up with Alipay, which will enable online...

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World's ultra-rich getting much richer: UBS study

WASHINGTON - A bare 0.004 per cent of the world's adult population controls nearly $30 trillion (S$39 trillion) in assets, 13 per cent of the world's total wealth, according to a new study released...

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More firms taking it easy in talent hunt

In the old days, filling job vacancies in a company was an internal affair.But now, this task is being outsourced to recruiting specialists.Recruitment providers told My Paper that recruitment process...

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US drug firm opens S$260m green plant in Tuas

American drug maker Amgen expects to roll out its products by the end of 2016 at its first next-generation biomanufacturing facility in Singapore, which is also the first in Asia.Its new Tuas facility...

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F&B firms feel the bite of higher costs

Local food and beverage (F&B) retailers felt the pinch in the third quarter after higher operating costs ate up a bigger chunk of their earnings.The crunch is forcing firms to beef up their central...

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Oil prices dive, but airfares cruise at a steady altitude

Travellers hoping airfares will fall on the back of lower oil prices will have to keep waiting.The cost of jet fuel has slid by about 20 per cent in the last few months but many carriers, including...

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New association to improve image of debt collectors

Ten leading debt collectors have formed the industry's first professional organisation in a move to raise standards in the often controversial industry.The Credit Collection Association of Singapore...

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Small businesses have 'cheerier outlook for 2015'

Small businesses have had a challenging year but bosses see a brighter outlook next year, according to a new survey.It found that 51 per cent said that their businesses have expanded this year, down...

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Record 1,395 in S'pore's ultra rich ranks

The thriving financial sector has propelled more people here into the ranks of the super wealthy this year.There are now a record 1,395 ultra high net worth individuals, as the category is known, 40...

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S'pore corporate governance rules 'top in Asia-Pacific'

Corporate governance requirements in Singapore are the clearest and most comprehensive across the entire Asia-Pacific region, a new study has found.However, it spotted a few inconsistencies between...

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Many projects in pipeline for St James group

Shareholders of the former St James Holdings could reap a bonanza now that it is reinventing itself as a major property player.Developer Perennial Real Estate Holdings (PREH) completed a $1.56 billion...

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Households may bear the brunt of the next crisis

Earlier this week, Khazanah Nasional Bhd unveiled a detailed report on the state of Malaysian households, especially on the level of debts.It is a subject matter that has been red-flagged for...

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Malaysia to woo more Chinese investors

PUTRAJAYA - Malaysia has expressed hope that the 6th World Chinese Economic Forum will draw in more Chinese investments.Transport Minister Datuk Seri Liow Tiong Lai said Prime Minister Datuk Seri Najib...

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Alibaba raises $10.4b in first bond offer

Alibaba Group Holding Ltd sold US$8 billion (S$10.4 billion) in bonds at yields lower than what was originally offered after investors placed orders of at least US$57 billion to the e-commerce...

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Yen falls to 7-year low against US dollar

The Japanese currency is sinking.The yen yesterday fell to a fresh seven-year low of 118.98 against the greenback, two days after Prime Minister Shinzo Abe called a snap election and announced his...

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US biotech giant Amgen opens $200m plant in Tuas

American pharmaceutical giant Amgen officially opened a $200 million biomanufacturing facility in Tuas yesterday.The 120,000 sq ft plant, the company's first manufacturing site in Asia, will produce a...

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Workers' housing issues need immediate attention

Singapore is known for its squeaky-clean roads and parks pruned to perfection.But an ugly side exists.It is the underbelly of filthy and cramped shophouses, apartments and temporary dorms where many...

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More homes go under the hammer in weak market

Singapore's weak property market has sparked a big jump in the number of auctions by banks trying to recover mortgages where borrowers have defaulted.Figures from Colliers International show that 131...

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Legal costs to eat into Pinnacle Notes award

Thousands of investors here could be eligible for a cut of the US$20 million (S$26.1 million) settlement struck with American bank Morgan Stanley last week over claims that it sold rigged investment...

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