Alibaba's Jack Ma dethroned as China's richest by solar magnate
BEIJING - Alibaba Group Holding Ltd's Jack Ma is no longer China's richest man, according to a report on Tuesday, with the top spot snatched by Li Hejun, a solar energy entrepreneur whose Hanergy...
View ArticleIndonesia government to launch tax amnesty
Aimed at expanding the persistently diminutive taxpayer base, the government and the House of Representatives are working to provide a tax amnesty to encourage those who may not have reported their...
View ArticleOpen-recruitment system marred by extortion reports
Despite the city's unrelenting fight against corruption, the Jakarta Inspectorate says dozens of complaints pertaining to last year's open recruitment have been filed alleging extortion and...
View ArticleNZ & Australia dollars scramble back from multi-year lows
SYDNEY - The New Zealand and Australian dollars scrambled back from multi-year lows on Wednesday as a shakeout in bullish US positions gave beleaguered Antipodean currencies some respite.The New...
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Manufacturing in Singapore off to a weak start in 2015
SINGAPORE's manufacturers had a subdued start to the new year, with the latest purchasing managers' index (PMI) signalling that industrial activity shrank for a second straight month in January. And...
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Budget 2015: Boost seen for S-Reits but not property developers
FOR Singapore's property sector, Budget 2015 is expected to bring mixed news. Real estate investment trusts (Reits) are more likely than property developers to see their wishlists come true.Reits are...
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Construction sector seeks manpower policy tweaks
HARD pressed between having to cope with a limited foreign workforce and boosting productivity, the construction industry is asking the government to tweak some policies to help companies manage their...
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EU urged to move fast to ratify FTA with S'pore
SINGAPORE and Germany urged European Union members to ratify the EU-Singapore free trade agreement (FTA) expeditiously, with German Chancellor Angela Merkel saying it was in Europe's interest to do so...
View Article’Grand Theft Auto’ publisher Take-Two ups full-year profit forecast
Video game publisher Take-Two Interactive Software Inc raised its revenue and profit forecast for the full year and reported better-than-expected quarterly results, helped by the success of its "Grand...
View ArticleECB hardens financing rules for Greek banks
FRANKFURT/BRUSSELS - The European Central Bank abruptly cancelled its acceptance of Greek bonds in return for funding on Wednesday, shifting the burden onto Athens'central bank to finance its lenders...
View ArticleUS stocks sink after ECB ends waiver on Greek collateral
NEW YORK - US stocks gave up late gains Wednesday after the European Central Bank put fresh pressure on Athens by lifting its waiver on the use of Greek bonds as collateral.The move darkened hopes that...
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CPF tightrope on numbers, sentiments
CHANGES to rules governing Central Provident Fund (CPF) withdrawals can be political dynamite. They usually involve requiring workers to lock up more savings in the mandatory pensions scheme, and for...
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CPF proposals make a good deal better: PM
THE recommendations of an advisory panel to make the Central Provident Fund (CPF) scheme more flexible for Singaporeans, based on their retirement needs, are appropriate as people seek greater say and...
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S'pore to retain manufacturing as pillar of economy: PM Lee
The government will continue to maintain the importance of manufacturing in the Singapore economy, said Prime Minister Lee Hsien Loong at the end of his four-day official visit to Germany on...
View ArticleChina's yuan weakens, PBOC reserve cut highlights outflow risks
HONG KONG - China's yuan weakened on Thursday after the central bank cut banks' reserve requirement ratio for the first time in over two years to combat an economic slowdown and looming deflation.The...
View ArticleChina rate cut offsets Greek fears in Asia markets
HONG KONG - Concerns about Greece's plans to renegotiate its bailout rattled most Asian markets Thursday and put pressure on the euro, but Shanghai and Hong Kong rallied after China cut the amount of...
View ArticleOil picks up on hopes China’s easing will spur demand
SINGAPORE - Oil prices rose on Thursday, rallying a little after big losses in the previous session, after China took steps to pour fresh liquidity into the world's second-biggest economy to spur...
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