SAP appoints new managing director for Singapore market
SINGAPORE - SAP has appointed Darren Rushworth as managing director for its Singapore market.Mr Rushworth was previously the managing director for SAP Philippines. Under his leadership, SAP opened its...
View ArticleIndonesia sells $275 million of Islamic bonds, above target
JAKARTA - Indonesia's finance ministry sold 2.635 trillion rupiah (S$275 million) of Islamic bonds at an auction, above an indicative target of 2 trillion rupiah, the ministry's financing and risk...
View ArticleChina's total foreign debt rises to $1.214 trillion in 2014
BEIJING - China's total foreign debt rose 2.5 per cent in 2014 to $895.5 billion (S$1.214 trillion), but debt repayment risks were under control, the country's foreign exchange regulator said on...
View ArticleIndonesia president says optimistic stock index can reach 6,000 points
JAKARTA - Indonesia's President Joko Widodo said he is optimistic the country's stock index can reach 6,000 points, up about 8.6 per cent from current levels, but did not give a time frame.The...
View ArticleHuge Swatch collection fetches S$8.2 million in Hong Kong
HONG KONG - One of the biggest private collections of Swatch watches in the world sold for more than US$6 million in Hong Kong Tuesday, smashing pre-auction estimates.The "superlot" comprising over...
View ArticleChina details rules for special local government bonds
BEIJING - China's Finance Ministry has released rules for 100 billion yuan worth (S$21 billion) of"special bonds" that local governments will be allowed to issue this year to raise funds for...
View ArticleIMF willing to show flexibility on Greek reform proposals: Greek finance...
ATHENS - The International Monetary Fund is willing to be "flexible" with the package of reforms Greece has proposed to its creditors before further bailout funds are disbursed, the Greek finance...
View ArticleClik here to view.
Web portal for consumers to compare life insurance products launched
SINGAPORE - The new web portal for comparing life insurance products has been launched on Tuesday.Monetary Authority of Singapore (MAS) said that the compareFIRST portal will allow users to compare the...
View ArticleClik here to view.
Picking life insurance plans easier with portal
CHOOSING a life insurance product is now less of a chore with the launch of a new portal to make comparing policies easier.Consumers now also have the option of shopping direct in a new category of...
View ArticleClik here to view.
Scheme to draw talent to intellectual property sector
A NEW training scheme has been launched to attract talent to and boost Singapore's growing intellectual property sector.The Intellectual Property Office of Singapore (Ipos) and the Singapore Workforce...
View ArticleSamsung sees signs of recovery after profit slump
Samsung Electronics on Tuesday estimated its first-quarter operating profit at 5.9 trillion won (S$7.4 billion), easily beating analysts' estimates.The operating profit was up 11.53 per cent from the...
View ArticleEconomic zone in Bangladesh can boost Chinese FDI
The foreign direct investment (FDI) by China in Bangladesh can witness a phenomenal boost with an economic zone in place for Chinese investors, said new Chinese envoy Ma Mingqiang."There could be a 50...
View ArticleRobinsons Galleria in Cebu will be the chain's crown jewel
People in Cebu, Cavite, Iloilo, Davao and Antique will soon have more shopping options with the planned opening of five new Robinsons Malls.Set to open in September is Robinsons Galleria Cebu, only the...
View ArticleClik here to view.
3 in 10 Singapore employees plan to leave jobs this year: Survey
SINGAPORE - Almost 30 per cent of employees working in Singapore said that they are considering leaving their jobs this year, according to survey results released on Wednesday by recruitment and human...
View ArticleClik here to view.
Well-educated, well paid, but mired in debt
A TERTIARY education, average or even above-average income but crushing credit card or other unsecured debt of at least two years' worth of annual pay.That is the typical profile of an estimated 32,000...
View ArticlePalm edges lower on firm ringgit, bigger output worries
KUALA LUMPUR - Malaysian palm oil futures edged lower on Wednesday, retreating further from sharp gains made earlier in the week as a firm ringgit and concerns over rising palm supplies stifled buying...
View ArticleChina to loosen capital controls for foreign firms
BEIJING - China will loosen capital controls for foreign-funded firms, allowing them to convert all foreign-currency capital into yuan to help them hedge currency risks and cut costs, the foreign...
View ArticleVietnam rice prices steady on China demand
HANOI - Vietnamese rice prices steadied this week on Chinese purchases, while export quotations for Thai rice dropped slightly on thin demand, traders said on Wednesday.The price for Vietnam's 5-per...
View ArticleClik here to view.
Why your home may not be as protected as you think
Before buying an HDB flat, condominium, or a landed property, you must purchase a fire insurance policy. Fortunately, basic fire insurance is cheap, with premiums as low as $1.80 for a 5-year policy....
View ArticleHDB resale prices fall further in March, more flats sold
SINGAPORE - Resale prices for Housing Board flats fell 0.8 per cent in March, while 17.5 per cent more resale flats were sold, according to SRX Property's flash report on Thursday.The decline in resale...
View Article