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Values that stand the test of time in public service
Three abiding values in Singapore's system of governance - the pillars of incorruptibility, meritocracy and impartiality - need to remain in the future, although the definition of meritocracy and the...
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EMS plans $150m merger with Koastal Group
Catalist-listed EMS Energy said it plans to merge with engineering, procurement and construction management firm Koastal Group in a cash-and-scrip deal valued at $150 million to diversify its earnings...
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Two female bosses make history at S'pore Business Awards
Shaking up one of Singapore's most venerable companies earned Ms Chew Gek Khim the title of Businessman of the Year 2014 at the Singapore Business Awards (SBA) last night.Ms Chew, The Straits Trading...
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DBS posts record Q1 earnings despite China's drag
DBS Group Holdings enjoyed a record-breaking first quarter thanks to a robust performance across all sectors that defied the slowdown in China.Net profit for the three months to March 31 was 3 per cent...
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Weak US data prods S$ to 3-month high
THE Singapore dollar has hit a three-month high against the greenback after a slew of weak United States economic data.The latest round of weaker-than-expected data for durable goods, manufacturing and...
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Joo Chiat freehold shophouse block sold for S$16.8m
A freehold shophouse block comprising five units along Joo Chiat Road has been sold for S$16.8 million. The price works out to S$1,357 per square foot based on the lettable area of 12,382 sq ft.The...
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Frasers Commercial Trust to build hotel in China Square
FRASERS Commercial Trust (FCOT) said yesterday that an entity of Frasers Centrepoint will build a hotel on its China Square Central site.FCOT has struck a conditional deal for the proposed hotel, which...
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Innovation and smart money rule at startup festival
SINGAPORE - It was a showcase of innovation and smart money on Tuesday, the first day of the two-day InnovFest unBound 2015 - an innovation festival presented by NUS Enterprise and AcreWhite that is...
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S'pore hedge fund industry must evolve to prosper
The development of Singapore's hedge fund industry is often cited as a case study for success in financial services in Asia.The industry today accounts for more than US$29 billion (S$38 billion) under...
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Powering India is a tough renewables act
Growing optimism about the Indian economy has reinforced the case for seamless power flow. And the government hopes to ensure it by turning the country into a surplus producer by early next decade.That...
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SMRT gets award for better labour welfare
SMRT's transport workers are earning 20 and 25 per cent more compared to 2012, through a higher base pay and a performance-based incentive scheme.The 4,500 train staff and 2,800 bus workers now also...
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Resale prices of private flats inch up
Prices of completed private non-landed homes rose by a slight 0.2 per cent last month over February, on average, the first increase since last October.The uptick in the flash estimates of the Singapore...
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OCBC 'not rushing' to sell stake in United Engineers
OCBC Bank is in no hurry to sell its stake in United Engineers (UE), one of Singapore's oldest listed companies, said chief executive Samuel Tsien at its annual general meeting yesterday.He was...
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MCC Land puts in top bid for Tampines condo site
CHINESE developer MCC Land seems to regard Tampines as its own turf, going by the fight it has put up for a site in the area.The firm, which is developing The Santorini in Tampines Avenue 10, has...
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Univac finds foothold to expand value chain
MEDICAL equipment may be its lifeblood now but when Singapore manufacturer Univac started here in 1980, making such products was "unheard of", says its president and chief executive Amos Leong.Univac...
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Start-ups need 'more than ideas and vision'
SINGAPORE'S transformation into a global city was likened yesterday to the way a start-up evolves.Its founders, led by the late Mr Lee Kuan Yew, had the imagination and vision that needed to be...
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China, HK gloom cast shadow on STI
The weak tone of markets in China and Hong Kong sent S-chips - China shares listed here - heading south yesterday.The broader Singapore market was generally muted as investors awaited a policy...
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New M&C hotel wins design prize
A NEW hotel owned by Millennium & Copthorne (M&C) Hotels in Tokyo has won a silver award for interior design from United States-based International Design Awards.The firm said it is among the...
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Singapore's relevance hinges on innovation: Minister
EDUCATION Minister Heng Swee Keat has urged Singaporeans to continue innovating in order to remain relevant."The key is to not lose the ability to adapt and innovate. If not, we will become history,"...
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Singapore 'cannot count on global demand to drive economy'
SINGAPORE has to become more efficient as it cannot count on a pickup in global growth to drive the economy, said Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam last night.He noted...
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