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Billionaires end dominance of state-owned companies
NEW DELHI - The recent foray by tycoon Anil Ambani into India's defence industry underscores the private sector's swift expansion in this hitherto strictly government-only sector.On March 5, Reliance...
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Sharp reaches capital infusion deal with 2 lenders
OSAKA - Sharp reached a broad agreement Thursday with two major lenders to receive 200 billion yen ($1.66 billion) in support through a debt-equity swap, which will shore up the company's finances as...
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Productivity and technology help for firms
Imagine trying on a dress in a clothing store without stepping into the fitting room.That is just one of the technological innovations that the Agency for Science, Technology and Research (A*Star) will...
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Two key interest rates dip below 1 per cent
Two key interest rates affecting mortgages and business loans here have fallen below 1 per cent after rising steadily recently.The respite for borrowers - likely to be brief - came after the Singapore...
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Property, investments lift Keppel's Q1 net profit
Rigbuilder Keppel Corp has achieved a boost in first-quarter earnings even as its offshore and marine business faces headwinds from the recent oil price slump.The mainboard-listed group yesterday...
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Super-rich Asians draw multi-family financial firms
A discreet breed of financial management firm has sprung up to cater to Asia's super-rich as their fortunes grow.The firms, known as multi-family offices, provide an alternative to private banks in...
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Strata landed homes' values 'rise fastest'
A new report has come up with some surprising findings on price gains in the various types of properties in the rarefied landed housing market in Singapore.For instance, freehold non-strata houses -...
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Taxing issues: Evasion and digital economy
Tackling tax evasion and dealing with the fast-growing digital economy were top of the agenda at a conference on taxation yesterday.Singapore's Senior Minister of State for Finance and Transport, Mrs...
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Wanted: Feedback on financial advisors
Consumers have a vital role in providing feedback on the performance of their financial advisers, industry bodies say.A new system this year means the pay for financial advisers and their supervisors...
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Falling ringgit: Bigger bills, tighter belts for Malaysians
IN THE zero-sum game of currency markets, for every winner there is a loser. And right now, against currencies that matter to them, the Malaysians want the referee to blow the whistle.The bills at home...
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China fines Alibaba $170,000 for pricing violations
SHANGHAI - China's e-commerce giant, Alibaba Group, has been fined 800,000 yuan (S$170,000) by the price bureau in eastern Zhejiang province for violations by third-party sellers during promotions on...
View ArticleChina, Malaysia renew currency swap arrangement for 3 years
SHANGHAI - China and Malaysia have renewed their currency swap arrangement for a further three years, according to a statement on the website of the Malaysian central bank.The swap exchanges 180...
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Choices aplenty for EC buyers this year
Executive condominium (EC) buyers look set to be spoilt for choice with up to seven of this popular style of housing headed for market in the rest of the year.However, many of these new projects will...
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CEO cut $1.35 million pay to raise employees' wages
Seattle-based Gravity Payments CEO Dan Price stunned the corporate world when he announced that he would take a pay cut to increase the wages of his 120-person staff.The Sydney Morning Herald reported...
View ArticleToo poor to retire
EAGER to impress his relatives and friends, Jerry Chung's father wiped out his entire Employees Provident Fund (EPF) savings to pay for his eldest son's wedding banquet."My father worked as a night...
View ArticleTaiwan Asian Infrastructural Investment Bank entry is 'highly...
TAIPEI, Taiwan -- Mainland China's Deputy Minister of Finance Zhu Guangyao said Friday that Taiwan's chances of entering the Asian Infrastructural Investment Bank (AIIB) had a high probability.Zhu made...
View ArticleSkymark nears financing deal with ANA
Skymark Airlines Inc., which is going through civil rehabilitation proceedings, has entered the final stages of negotiating an agreement with ANA Holdings Inc. over a capital injection, sources...
View ArticleChina cuts bank reserve ratio requirement as growth slows
China's central bank announced Sunday it would cut the level of funds that commercial banks must hold in reserve by one percentage point, the second such move this year to boost lending.The move,...
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