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Prices fall for sixth straight month
Consumer prices fell for a sixth straight month in April, official data released on May 25 showed. Singapore's all-items consumer price index eased 0.5 per cent last month, compared with April last...
View ArticleMalaysia's 1MDB secures $1.3 billion from Abu Dhabi fund ahead of loan...
KUALA LUMPUR - Malaysia's state fund 1Malaysia Development (1MDB) has signed a deal securing US$1 billion (S$1.35 billion) in funding from Abu Dhabi's International Petroleum Investment Company (IPIC)...
View ArticleComplete overhaul for MAS
Change is the constant now at Malaysia Airlines as the carrier prepares for a complete overhaul.Christoph Mueller, the boss of Malaysia Airlines (MAS) who has done the hard part of dealing with...
View ArticleSide jobs prove handy for MAS staff
PETALING JAYA: Several Malaysia Airlines employees have started their own businesses in anticipation of the layoffs next week.A senior cabin crew member, who wanted to be known only as Jim, said he...
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Stiffer rules on moneylending to be rolled out soon
TOUGHER new rules on moneylending are on the way to protect borrowers, including an interest rate cap of 4 per cent on loans.Most of the proposed changes put forward by an advisory committee were...
View Article76 per cent of working class in Taiwan get no pay raise
TAIPEI - While protesters continue to fight for pay hikes, a report released yesterday by the Directorate-General of Budget, Accounting and Statistics (DGBAS) showed that in 2014, 76 per cent of the...
View ArticleAverage salary for Taiwanese college grads back at $1,200
TAIPEI - After 11 years, the average starting monthly salary of college graduates has returned to above NT$27,000 (S$1,200), according to a survey released by the Ministry of Labor (MOL) yesterday.In...
View ArticleAlibaba sets up bad-loans auction site
Alibaba Group Holding Ltd is creating a new financial business on its online platforms - auctioning off non-performing loans for asset management companies.The e-commerce giant has announced a...
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Companies urged to give SG50 bonus
Workers may be in for a special treat this year after unions and employers united to urge companies to show them special recognition, whether in cash or kind, in celebration of Singapore's 50 years of...
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'The True Cost' attacks the business of fast fashion
Maybe next time you'll think twice before buying that $3 T-shirt."The True Cost," an eye-opening documentary that examines the business of fast fashion, scrutinizes the process every step of the...
View ArticleKeppel to deliver another three jackup rigs to Mexico
SINGAPORE - Keppel FELS Limited (Keppel FELS), a wholly owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), is on track to deliver three KFELS B Class jackup rigs to Mexican company,...
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S'pore-based firm buying US chipmaker
Singapore-based Avago Technologies is buying rival American chipmaker Broadcom for US$37 billion (S$50 billion), in what could be the largest- ever merger in the semiconductor business.The combined...
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Amber Park condo goes en bloc in June
The residential collective sale market may be quiet but this is not deterring residents of Amber Park condominium in Katong.They are putting it up for tender by going en bloc on June 7 with a reserve...
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Accounting: S'pore firms 'lag behind global peers'
COMPANIES in Singapore achieved productivity gains in the past year in terms of accountancy and finance but still lag behind their global peers, a new report has concluded.A poll was conducted by the...
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L Capital Asia puts in bid to buy Jones the Grocer
The final bids to buy Jones the Grocer's Singapore business were accepted on Friday last week, with majority shareholder L Capital Asia putting in a bid to buy the company.The target is to complete the...
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LVMH looking to invest more in S'pore
Its Jones the Grocer foray may have run into difficulties in Singapore, but the gourmet grocer's big-name backer L Capital Asia is not slowing down.L Capital's chairman and managing partner Ravi...
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Iconic 'Gatsby' house on the market at $5.27 million
While there's no green light across the water, this house is as close to "The Great Gatsby" as it gets.The home where F. Scott Fitzgerald began writing the iconic story of Jay Gatsby is now on the...
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Too many smart people are making these 3 simple money mistakes
So, you think you're smart. You don't gamble, you save and invest a large portion of your salary, and you didn't spend your last bonus on a car. By most people's standards, you are a sensible...
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