Ex-Madoff manager sentenced to six years prison for fraud
NEW YORK - A former manager at Bernard Madoff's firm was sentenced to six years in prison on Monday for helping her now imprisoned boss carry out his multibillion dollar Ponzi scheme.JoAnn Crupi, 53,...
View ArticleAsian stocks mostly lower as oil hits new troughs
HONG KONG - Asian markets mostly slipped Tuesday following a sell-off in Europe and the United States, as oil prices plunged to more than five-year lows and data indicated Chinese manufacturing...
View ArticleGuidelines on issuing written key employment terms for workers released
SINGAPORE - Guidelines on how to issue key employment terms in writing have been released today in order to support good workplace practices.Developed by the Ministry of Manpower (MOM), National Trades...
View ArticleSingapore launches one-stop e-portal for Intellectual Property registration
SINGAPORE - A new system that integrates all e-filing processes for patent, trade mark and design applications into a single convenient portal has been launched today.The Intellectual Property Office...
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Equities still a good bet in 2015: JP Morgan
Investors will need to be more judicious when thinking of where to put their money in the year ahead, though equities still look like a good bet, JP Morgan Asset Management said in a report.It added...
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Doctor has his eye on pan-Asian practice
Ophthalmologist Lee Hung Ming has become a master at wearing many hats at a time - whether as surgeon, entrepreneur or businessman, they all seem to fit.Dr Lee is the founder and director of the Lee...
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Most expect home prices to fall or stabilise: Poll
Most people think the once-soaring property market here has been reined in, according to a recent poll.Almost three-quarters expect residential prices to stay the same or fall in the next six months,...
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Maersk sees stable but slower growth in regional demand
Container shipping giant Maersk Line has so far not seen major benefits from the fall in bunker and crude oil prices, and its profit outlook is still driven primarily by global trade levels.The...
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Regional reforms 'won't affect inflation here'
The lifting of fuel subsidies in Malaysia and Indonesia will likely have limited impact on inflation in Singapore, economists say.While the reforms would normally push up the prices of imports from...
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Worry over price slump as Opec cuts output forecast
Investors will hold their breath this week to see if the steep slump in oil prices continues after crude hit fresh five-year lows last week as major producers said they expected less demand in...
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Asia property market 'to pick up in 2015'
Demand for real estate in Asia is expected to pick up next year as investors sink more capital into the region, according to a report by Colliers International.Institutional investors who are...
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Peace Mansion, Peace Centre up for collective sale again
Peace Centre and Peace Mansion on the fringe of the Orchard Road precinct are up for collective sale for the fourth time, after three failed attempts.This time, the owners have set a guide price of...
View ArticleSingapore NODX up 1.6 per cent last month
Non-oil domestic exports (NODX) rose 1.6 per cent last month from a year ago, reversing the 1.5 per cent dip in October, the latest trade figures released by International Enterprise Singapore showed...
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STI rebounds as investors go for bargains
Bargain hunting in the beaten-down oil and gas sector helped fuel a rebound in local shares yesterday, following Tuesday's dramatic sell-off.The benchmark Straits Times Index gained 12.14 points to...
View ArticleMore muted GDP forecasts for S'pore
Singapore's economy watchers have tempered their expectations for gross domestic product (GDP) growth this year from a quarter ago, and are not expecting much improvement next year.Their inflation...
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HDB deficit hits nearly $2b as more flats are built
The Housing Board's (HDB's) deficit more than doubled in the last financial year, as construction continued on the record number of new flats launched since 2011.In the year ending March 31, it...
View ArticleCrude steady above $73/barrel after 1 percent gain
TOKYO - US crude futures were little changed above US$56 (S$73) a barrel on Thursday following volatile trading the previous day due to bearish US oil data, Russia's rouble crisis and a US decision to...
View ArticleJapan to issue less new JGBs than expected in FY2014
TOKYO - Japan will issue less new government bonds for the current fiscal year than initially expected due to rising tax revenues, in a show of premier Shinzo Abe's resolve to prevent a further...
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