Chinese smartphone firm Xiaomi to set up production in India
Chinese smartphone maker Xiaomi Inc said on Thursday it would invest further and begin local production within 12 to 18 months in India, one of the world's fastest-growing markets and currently...
View ArticleMalaysian Finance Minister: 1MDB debt not sustainable
KUALA LUMPUR: For the first time, a Cabinet minister has admitted that 1Malaysia Development Bhd's (1MDB) financial position is not sustainable because its debts are too high.Second Finance Minister...
View ArticleAsian Bankers Association to hold meeting in Taipei: CTBC
TAIPEI, Taiwan - The 32nd annual Asian Bankers Association (ABA) meeting will be held in Taipei between Nov. 12 and 13, CTBC Bank Co. announced yesterday.The meeting, with the theme "borderless...
View ArticleRise of the Malaysian super rich
KUALA LUMPUR - The pool of Malaysian ultra high-net-worth individuals (UHNWI) is projected to grow by 42 per cent over the next 10 years.At the launch of the ninth edition of The Wealth Report 2015,...
View Article44 companies in Taiwan fined for labour law violations
TAIPEI, Taiwan - The Kaohsiung City Government's Labor Affairs Bureau yesterday announced that it has already fined 44 companies this year for violating the Labor Standards Act, including publicly...
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Gradual rate hikes will benefit Singapore banks, says S&P
Singapore banks will, on the whole, benefit from gradual rate hikes, Standard and Poor's (S&P) said in a report on Thursday.And this comes after evaluating risks from higher non-performing loans...
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MAS has had two meetings with remisiers' reps
The Monetary Authority of Singapore (MAS) has met twice with representatives of the 1,225 remisiers who in January wrote to Finance Minister Tharman Shanmugaratnam about issues plaguing the local stock...
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National manpower strategy pivots on mindset change
This year's Budget debate has moved beyond the usual manpower crunch grouses, towards the need for industry-relevant skills and lifelong learning - a welcome development.But now comes the hard part. If...
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Major shake-up in store at Robinsons Group
The Dubai-based owner of some of Singapore's best-loved department stores has unveiled sweeping changes involving store revamps, closures and new stores.Major upgrades will be made to Robinsons Raffles...
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Standalone shophouse block at Sultan Gate sold for $20.8m
A freehold standalone shophouse block along Sultan Gate in the Kampong Glam area has just been awarded for S$20.8 million following an expression of interest exercise that closed recently.Located near...
View ArticleRinggit value draws attention
THE two reports issued by Bank Negara on the state of the economy and its forecasts and also a report on the banking system are not what most people are talking about.The two subjects that generally...
View ArticleCredit card mistakes to avoid
Using them wrongly can lead to unwanted problemsCREDIT cards are one of the most commonly used - and misused debt instruments out there.Granted, they provide convenience when we're strapped for cash....
View Article1MDB probe Malaysian Auditor-General's biggest challenge
TAN Sri Ambrin Buang came prepared with all the answers to the questions that the motley crew of young journalists threw at him. He deftly handled them, which were general in nature and he almost...
View ArticleChina to cut foreign investment restrictions
China is cutting the number of industries in which it restricts foreign investment, in a move to further open up the market.The new Catalog for the Guidance of Industries for Foreign Investment has...
View ArticleThai PM Prayut seeks tax system overhaul
PRIME MINISTER General Prayut Chan-o-cha yesterday pointed to the need for restructuring the country's entire tax system in order to increase government revenue, as more funds are needed to support...
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KepCorp moves closer to taking KepLand private
KEPPEL Corp (KepCorp) said yesterday that it now owns 85.6 per cent of Keppel Land (KepLand), as it inched closer to the minimum 95.5 per cent thresholdit needs to take its property subsidiary...
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5 of the biggest female names in tech
Women have always had a hand in shaping technology as we know it, and have been there since the very beginning.Let's not forget Ada Lovelace, who wrote the first working computer algorithm based on...
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Office rents 'to soften' as firms switch premises
COMPANIES seeking newer premises to lease in the Central Business District will affect rents this year and leave landlords with significant vacant space to fill.While some in the market expected...
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Shoppers, tenants see little buzz at Centrepoint
AS ANOTHER department store makes its exit from The Centrepoint at the end of the month, shoppers and tenants worry that the Orchard Road mall is in quiet decline.Business first took a hit in May last...
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Analysts say time to take profits on office Reits
THE prospects are dimming for Singapore's office real estate investment trusts (Reits) and investors should cash in their gains, according to BNP Paribas analyst Chong Kang Ho.Mr Chong said in a...
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