Hard lesson learned as market continues to rise
Wang Cheng, a 26-year-old in Beijing who has invested in stocks for four years, says he has learned a lesson amid a rising market.He saw a 100 per cent return from the start of 2013 to the end of March...
View ArticleIndonesian Rupiah could hit 13,000 in 2015
The recent broad-based fall in Asian currencies signals a challenging outlook for the rupiah in 2015, giving a short illustration of a potential scenario that could play out when the US central bank...
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Inequality worst in decades in range of countries: OECD
PARIS - The gap between the rich and poor in a range of countries has reached its widest in 30 years and the trend has harmed growth, the OECD said Tuesday.The Organisation for Economic Co-operation...
View ArticleTaiwan officials obstruct Malaysian group's bid for 101
TAIPEI - It is looking less likely that Malaysia's IOI Properties Group will be able proceed with its planned purchase of a 37.1-per cent stake in Taipei 101, as high-level government officials line up...
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S Korea reforms FEZs to take on HK, Singapore
South Korea is restructuring its free economic zones (FEZs) through deregulation and reform, and is poised to surpass Hong Kong and Singapore in terms of FDI attraction, said government officials.The...
View ArticleJapan firms see economy stalled, want Abe to focus on growth: Reuters poll
TOKYO - Japanese companies want Prime Minister Shinzo Abe to do more to boost growth, including steps like income tax cuts, as most think the economy is stalled or in recession after an April sales tax...
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CPF returns attractive versus risk: Institute of Policy Studies
A NEWLY published Institute of Policy Studies (IPS) paper lays out what financial planners and insurers have been saying: that the Central Provident Fund (CPF) provides an attractive return relative to...
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Condo resale volume dropped 22.4% in Nov, around 388 units resold
Prices dropped on low volume but sales in November 2014 were 6.6 per cent higher than sales in 2013. On top of that, the median Transactions-over-X Value (T-O-X) improved to zero."When sales volume is...
View ArticleMore employers in Singapore adopt family-friendly practices
SINGAPORE - A survey conducted by the Ministry of Manpower (MOM) has found that more employers in Singapore are offering flexible work arrangement and are more generous when it comes to offering leave...
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Revised HDB resale price index will reflect evolving variety of flats
The Housing and Development Board (HDB) is revising its Resale Price Index (RPI) to provide a better indication of price changes over time such as the evolving variety of resale flats, design, age, and...
View ArticleFrance unveils controversial plan to energise economy
PARIS - France Wednesday unveiled a controversial package of reforms to energise its crisis-hit economy, including a plan to expand Sunday trading for shops that has sparked outrage in some...
View ArticleIATA sees record profit for airlines as oil prices plunge
GENEVA - Travellers might soon be able to pay less to fly, IATA's chief said Friday, after the global airline association predicted record profits for the sector due to plunging oil prices. Airlines...
View ArticleBritain awarding government contracts to too few firms: Lawmakers
LONDON - Britain does not hand out its government contracts to a wide enough range of companies, stifling competition and creating the risk that some service providers become "too big to fail", a...
View ArticleAirbus delays delivery of its first A350-900
PARIS - Airbus has delayed delivery of its first next-generation long-haul, the A350-900, to Qatar Airways, a spokeswoman for the Qatari company said in Paris on Wednesday. "The delivery ceremony has...
View ArticleUK watchdog "seriously inadequate" in insurance review: Inquiry
LONDON - Britain's markets regulator was wrong to brief a reporter about an insurance sector review and"seriously inadequate" in how it reacted to the ensuing sell-off in insurance shares, an...
View ArticleInvestors wary of market forecasts after 15 years of misses
LONDON - Investors are taking stock market forecasts sent out by analysts at the end of the year with a pinch of salt after annual predictions fell wide of the mark for best part of 15 years. The...
View ArticlePilots call for wider mediation in dispute with Lufthansa
BERLIN - Pilots at Lufthansa have called for mediation to cover all areas of their dispute with the German airline's management, not only the early retirement row that has resulted in 10 strikes this...
View ArticleSunday closure could deal new blow to Hungary's foreign retailers
BUDAPEST - Hungary's ruling party wants supermarkets to close on Sundays, a measure likely to hurt big foreign retailers such as Tesco, Auchan and Aldi which say they were also targeted by new taxes....
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Exposed to fire hazards every day
Foreign workers in Geylang often sleep in dirty, cramped rooms with exposed electrical wires running overhead. Such conditions are common in the area's walk-up apartments, said workers and Singaporeans...
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Lower property taxes for bigger HDB flats
Owners of bigger Housing Board flats will enjoy a reduction in property taxes next year.This comes as the estimated annual market rents of properties, or annual values (AVs), will be lowered by about 3...
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