Singapore shares head for second day of decline
SINGAPORE - The Singapore stock market was headed for a second consecutive session of losses, weighed down by poor performance of SIA Engineering Co Ltd and palm oil companies, lagging behind a rebound...
View ArticleSingapore gains traction in offshore yuan market share war as deposits hit...
SINGAPORE - Yuan deposits in Singapore jumped 70 per cent in the last nine months of 2013, according to figures released on Thursday, as the city-state starts to make headway in its efforts to become a...
View ArticleSingapore to regulate virtual currencies
SINGAPORE - Singapore's central bank said on Thursday it plans to regulate virtual currencies to address potential money laundering or terrorism finance risks they might pose.The move will make the...
View ArticleSingapore index weakens, but Olam lends support
SINGAPORE - The Singapore index was on course for a third straight session of losses on Friday, but found some support from gains in Olam International after Temasek Holdings said it would buy all...
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Singapore snippets: COVs to take a backseat
SINGAPORE - The Housing Development Board (HDB) is overhauling the procedure for resale HDB transactions in a bid to shift the focus from cash over valuation (COV) to market prices when negotiating...
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Singapore snippets: 150 Indian property projects on show
Gruhapravesh, the flagship property show by IndiaProperty.com and managed by De Ideaz, is all set to showcase around 150 new projects by 40 top builders from India.Admission is free to the show on...
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Higher sales for Singapore retailers in January
SINGAPORE - Shoppers in Singapore were freer with their money in January, according to the latest data released by the Singapore Department of Statistics on Friday.Get the full story from The Straits...
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Singapore snippets: Air India flies to Delhi on Dreamliner
Air India is introducing the wide-bodied B787, also known as the Dreamliner, on its Singapore-Delhi-Singapore route with effect from March 20.The Dreamliner's special features include large dimmable...
View ArticleSingapore Feb exports seen rising y/y, helped by a low base
SINGAPORE - Singapore's non-oil domestic exports are expected to have risen in February from a year earlier, regaining some footing after a weak January when the Lunar New Year holidays bit into trade,...
View ArticleNokia likely to pick Rajeev Suri as next CEO
HELSINKI, Finland - Rajeev Suri, the head of Nokia's telecoms network equipment division, is likely to become the Finnish group's next chief executive following the sale of its handset business to...
View ArticleTemasek-led group offers $2.5b for full control of Olam
SINGAPORE - A consortium led by Singapore state investment fund Temasek Holdings has offered $2.53 billion to buy out minority shareholders of farm commodities supplier Olam, the companies said...
View ArticlePetite Hong Kong store sells at record price
HONG KONG - A tiny Hong Kong store measuring just 130 square feet (12 square metres) has sold for more than US$23 million (S$29 million), as prices reach astronomical levels in a city ranked the most...
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New award to recognise promising start-ups
SINGAPORE - An annual entrepreneurship award for small businesses is entering its seventh year with a new category.The Most Promising Start-up Award was unveiled during the launch of the annual...
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Sentosa's barracks get new lease of life as swanky hotel
SINGAPORE - Former military barracks and a parade ground on Sentosa are to be converted into swanky hotel accommodation by Far East Organisation.This will add to the island's cluster of repurposed...
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Metax Engineering clinches $33m worth of projects
SINGAPORE - The struggling engineering firm taken over by Koh Brothers Group a year ago has shown signs of a turnaround by winning four new contracts worth $33 million in total.Metax Engineering...
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Be cautious with new rules on flats
We should tread with caution in the move to make cash over valuations (COVs) take a back seat in Housing Board resale deals, and in the introduction of a new reverse mortgage scheme ("Deals not decided...
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Watchdog assessing bid to buy JobStreet
SINGAPORE - The local competition regulator is assessing the Singapore part of a proposed bid by SeekAsia Investments to buy the Malaysian company JobStreet.The Kuala Lumpur-based firm runs the online...
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35 and flat broke!
She's 35, single and has worked for over a decade. She earns $5,000 a month and has no mortgage to worry about.And yet Lisa*, a publishing executive, barely has any savings to her name.Oh, and she's...
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Security breach: UOB replies
UOB reassures our customers that there was no breach of the bank's data systems ("Security breaches still occur" by Mr Tan Wei Cheng; Feb 24).The bank takes the security of our customers' information...
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