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$20 million budget to upgrade nine private estates
SINGAPORE - Nine private estates will be upgraded at $20 million under The Ministry of National Development's (MND) Estate Upgrading Programme (EUP).The selected estates are, Clover Estate, Lentor...
View ArticleWhy Brent crude's slide has stopped... for a few days at least
SINGAPORE - If recent oil market history is any guide, Brent crude prices will mark time around US$50 (S$67)a barrel for another few days before resuming their decline. Why? Because it's a nice round...
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Most firms intend to raise salaries this year, hiring outlook mixed: Survey
SINGAPORE - Six out of 10 workers here are likely to see their salaries rise by no more than 3 per cent this year, according to a survey on hiring trends by local human resource organisation Achieve...
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3 Singapore banks wary of housing meltdown
SINGAPORE - The slow-down in Singapore's property market has reduced high-end condominium prices and raised concerns that major local banks could be vulnerable to a surge in non-performing housing...
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Local design millionaire tricked by investors in HK
He had gone to Macau to meet a group of men who claimed they wanted to invest $10 million in his business.At first, the men, who claimed to own a property business in Hong Kong, treated him well,...
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Get all stakeholders involved in tackling problem gambling
Almost a quarter of distressed debtors coming to Credit Counselling Singapore (CCS) cited gambling as a cause of their indebtedness ("Gamblers lose motivation if wait for help is too long" by Mr Billy...
View ArticleSale of new cars not likely to be affected by GST
JOHOR BARU - Sales of new cars are unlikely to be affected when the Goods and Services Tax (GST) takes effect on April 1.Johor Motor Hire Purchase and Finance Companies Association treasurer Simpson...
View ArticleDoubts cast on synergies from Malaysian bank merger
Declining market conditions have cast doubts over the synergies that can be derived from the three-way bank merger, which, in turn, have led to a relook at the exercise.Sources say the next two weeks...
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S'pore start-up incubator sets up US hub
The tech community around the world sat up and took notice when The Economist magazine dubbed Block 71, Ayer Rajah Crescent last year as the "world's most tightly packed entrepreneurial ecosystem".Even...
View ArticleCrossover latest fad in retail industry
Business collaboration - combining two industries or markets that were once considered irrelevant to each other - is the hottest trend in the retail industry.From food firms to lighter brands,...
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Asia's richest businessman reorganises global assets
HONG KONG - Li Ka-shing, Asia's wealthiest businessman, has unveiled a major restructuring of his Hong Kong-listed flagship companies that is prompting fresh speculations about the future of a...
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China's low inflation spurs stock surge
BEIJING - China's consumer inflation came in at a five-year low last year, with the economy sending mixed signals: a speculator-led stock rally on the one hand and a looming credit crunch on the...
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Retail registers vulnerable to hacker attacks
TOKYO - Japanese retailers and other businesses need to boost their data security in light of increasing malware attacks targeting point-of-sale registers, which had been considered relatively safe,...
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Japanese consumers willing to pay more for quality
TOKYO - Japanese consumers have grown more selective after the April consumption tax hike, seeking higher-quality products that they see as good value, a trend that has ended up hurting retailers...
View ArticleMore losses loom for Russian bonds as credit rating heads back to junk
LONDON - Russia's credit rating looks set to tumble into junk for the first time in more than a decade, a move that would exclude its bonds from a couple of high-profile indexes and may set off another...
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