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Sales across most retail sectors fell in January
SELLERS of cars and IT products were among the few retailers who had a good month in January, with takings in almost all other retail segments declining compared with last year.This was partly due to...
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Buyers, MPs keen on higher income ceiling for HDB flats
RAISING the income ceiling for new Housing Board flats would be timely, given how salaries are climbing, say property analysts, MPs and flat buyers.This would benefit the growing number of households...
View ArticleMalaysia's new tax looms... but is it all gloom?
With only two weeks to the implementation of the GST, Malaysians are bracing themselves to having to pay 6 per cent GST for services previously not taxed.OF late, Gillian Wong has noticed the flurry of...
View ArticleMinister: RM950 million not a bailout for 1MDB
IPOH - Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah says the Government's injection of RM950million (S$357.5 million) in standby credit for 1Malaysia Development Bhd (1MDB) does not in any...
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Second SG Mark design awards shared among 83
ONE of the top winners at the second annual Singapore Good Design Mark (SG Mark) awards last night involves a breathtaking underground spectacle seen by only a few people here.The Jurong Rock Caverns,...
View ArticleBritain likely to ban logos from cigarette packs
LONDON - Britain is likely to pass a tougher tobacco control bill on Monday that would bar cigarette makers from using their own logos on products and instead require all manufacturers to use a uniform...
View ArticleVietnam's super wealthy likely to get richer
HA NOI - Viet Nam's number of ultra-high-net worth individuals (UHNWIs) - people who have US$30 million (S$41 million) or more in total assets - is set to double by 2024, according to the 2015 Wealth...
View ArticleLotte seen forging ahead with succession plan
Lotte Group appears to be bringing forward its succession plans as the conglomerate named one of the founder's sons to the board of its holding company last week.The group appointed its chairman Shin...
View ArticleCompetition watchdog blocks Parkway's proposed $137m takeover of...
SINGAPORE - The Competition Commission of Singapore (CCS) has made a provisional decision to block Parkway Holdings' proposed $137 million takeover of outpatient diagnostic chain RadLink Asia.In a...
View ArticleSingapore Feb private home sales nearly halve
SINGAPORE - Sales of private homes by developers in Singapore nearly halved in February from a year earlier, government data showed on Monday.Developers sold 382 units last month, compared with 739...
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The good, bad and ugly of rising US$
There used to be a no-brainer strategy among traders to take a wager that stock prices would go up whenever the United States dollar turned wobbly. Those were the days.Now, it seems the reverse holds...
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Stamford Law goes global
Top legal firm Stamford Law Corporation is going global as it teams up with United States law giant Morgan, Lewis & Bockius, in a move that will give a boost to Singapore's ambitions to be an...
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Major leadership fight to take off in SIA's biggest union
A major fight is brewing between factions over who should lead the close to 10,000 cabin crew and ground workers in Singapore Airlines' biggest union.The Singapore Airlines Staff Union (Siasu), which...
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Key local benchmark rate surging
A key benchmark local interest rate has surged to a level not seen since early 2009.The three-month Singapore interbank offered rate, or Sibor, which is the rate that banks lend at to one another and...
View ArticleKL's mega nightspot to be completed in 4 months
In about four months, partygoers in the Klang Valley will have a brand new venue where they can let down their hair and dance the night away, when popular nightspot Zouk KL moves into its new home.The...
View ArticleTelco operators must stay 'vigilant'
Telecommunications operators should stay alert over the continued depreciation of the rupiah, which has exceeded the level of Rp 13,000 (S$1.37) per dollar, as it could potentially pressure their...
View ArticleJohor sultan ups stake in REDtone
PETALING JAYA - Johor's Sultan Ibrahim Sultan Iskandar has emerged as the single-largest individual shareholder in REDtone International Bhd following a spate of open-market purchases, coupled with...
View ArticleHousing restrictions in China's top cities unlikely to change anytime soon
Shanghai's housing authority said on Monday that the city will not scrap or loosen its home-buying restrictions, as some in the market have speculated. Current policies on home purchases will continue,...
View ArticleSettle loan first, Najib tells 1MDB
1MDB Global Investment Ltd (1MDBGIL), a subsidiary of 1Malaysia Development Berhad (1MDB), will have to settle a RM11.1bil (S$4.17 bil) loan from internal sources before the Government steps in to...
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