Australia Post slashes jobs as letter losses soar
Australia Post was Friday expected to axe hundreds of jobs as it struggles with growing losses from a decline in letter volumes despite growth in its parcels business.The firm has forecast losses of...
View ArticleMAS to keep policy steady in October: Poll
to SINGAPORE -Â Singapore's central bank is expected to keep monetary policy steady at its next policy review in October, with core inflation expected to recover from five-year lows and edge higher...
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Task force set up to tackle grouses of Centrale 8 residents
Education Minister Heng Swee Keat is overseeing a new task force to deal with concerns over defects at premium Housing Board (HDB) project Centrale 8.Mr Heng is a Member of Parliament for Tampines GRC,...
View ArticleTakata CEO compensation more than halves last financial year
Takata Corp Chief Executive Shigehisa Takada earned less than 100 million yen in the business year ended in March, or less than half of the 206 million yen (S$1.34 million) he took home in the previous...
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Longest run of negative inflation in six years
INFLATION came in below zero for the seventh consecutive month in May - the longest run of negative inflation in six years.The consumer price index fell 0.4 per cent last month amid lower oil prices, a...
View ArticleRPT-Hedge funds say au revoir to glitzy Monaco bash
Ferraris, super-yachts and free-flowing champagne - for a decade, Monaco and hedge funds have gone hand-in-hand. Not any more. As the warm Mediterranean sun set over Le Meridien Beach Plaza hotel in...
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Who benefits from HDB's lease buyback scheme?
Imagine that one day, you open a cupboard in your home and find a stack of money. You search a little longer and find yet another stack of money.You pinch yourself, and realise you're not dreaming. You...
View ArticleSingapore's search for talent spurs wages even as jobs fall
SINGAPORE - For a tiny island-nation known for importing labour to help sustain its US$300-billion (S$403-billion) economy, any surprise drop in Singapore's job creation would have implications for...
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The future of intelligent automation: making businesses more agile
WE are entering a new era of human-machine interface for repetitive and rote processes. More than ever, software tools are emerging as the "robots" for knowledge work and driving real impact. These...
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Glaxo to invest another $80m in plant
Pharmaceutical giant GlaxoSmithKline (GSK) is investing another £38 million (S$80 million) to expand its world-class antibiotic manufacturing plant here.This comes on top of an initial investment of...
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Companies need to go the extra mile to rope in more women
OVER the last 50 years, Singapore has fared well on many fronts when it comes to gender equality. Singaporean women today have equal access as men when it comes to areas such as education, health care,...
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Ascott Reit to spend $298m on Japan, Aussie properties
A move by Ascott Residence Trust (Ascott Reit) to spend $298.3 million to acquire seven property assets in Australia and Japan is part of a larger plan to boost its portfolio size to $6 billion by...
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Fees to be levied for Sibor, Swap Offer Rate data from Oct 1
From Oct 1, all data on the Singapore Interbank Offered Rate (Sibor) or ABS Swap Offer Rate (SOR) will each be subject to a monthly usage fee of US$1,500 (S$2,016), the Association of Banks in...
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Office beer-pong anyone? Five tips for a top office
Have you been lobbying the boss for a beer pong table ever since that story about Google's cool offices? This may help.Having separate spaces for thinking, working and taking a breather may be a vital...
View ArticleJokowi agrees to plan for foreigners to own flats
The government is close to finalizing a regulation that would allow foreigners to own apartments after President Joko "Jokowi" Widodo approved the proposal, top government officials have said.The...
View ArticleVietnam urged to tap China trade, investment
HO CHI MINH - China is expected to import more than $10 trillion in goods and services and invest $500 billion abroad in the next five years, offering opportunities for Viet Nam and other countries in...
View ArticlePM approves decree allowing higher foreign stakes in Vietnam firms
Ha Noi - The Prime Minister on Thursday ratified Decree 60/2015 to replace Decree 58, which included a long-awaited regulation on removing limits on foreign ownership in listed companies. Minister of...
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Ringgit down but food from Malaysia not cheaper
The ringgit may be falling, but other issues are in play that are preventing shoppers here from enjoying cheaper food from Malaysia.Wholesalers told The Straits Times that they trade mainly in the...
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Criteria for S'pore Govt-led project in China
It is important for Singapore's third Government-led project in China to be aligned with Beijing's economic belt initiatives and be given priority under them, said Singapore's Ambassador to China...
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Healthcare, food, IT 'the new growth stars'
Equities in the food, healthcare, energy and information technology sectors are set to perform well, according to two investment strategists.Euro zone equities will do better than their United States...
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