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Finances, infrastructure among many challenges for Modi's plan: Experts

Prime Minister Narendra Modi has brought greater focus to urban planning through an initiative to create 100 modern cities, said experts and urban planners.The move marks a shift in a country where...

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CapitaLand fulfils conditions to acquire Danga Bay land

Major developer CapitaLand is another step closer to mounting its Danga Bay project in Iskandar, as conditions required to buy land there have been met.CapitaLand said in a statement yesterday that...

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Mapletree Industrial Trust grows portfolio of high-tech buildings

Buildings designed to meet the demands of new technology are becoming an increasingly important asset class at Mapletree Industrial Trust.The trust, which reported its full-year results yesterday,...

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China bourses on downhill course as investors retreat

The world's top-performing markets of Shanghai and Shenzhen are looking shaky as over-leveraged investors pull back amid tighter lending rules.The sell-off intensified after investment bank Morgan...

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Alibaba boss buys $30m US property

E-commerce giant Alibaba's co-founder Jack Ma has bought a 11,370ha property in New York for US$23 million (S$30 million).The property boasts trout streams, woodlands and a maple-syrup operation in New...

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German school charts, Thai peddler cart among exotic finds in Katong colonial...

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A curious combination

Fascinating objects from all over the globe enhance every corner of this beautiful house, fusing its colonial charm with its occupant's engaging personality.Who: A bachelor in his 40sHome: Two-storey...

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3 ways millenials and their parents view money differently

The constant struggle between headstrong millennial employees who value work-life balance and flexibility and their old-school baby boomer bosses who like lots of face time and unquestioning loyalty...

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Oil prices fall after Greek imposes capital controls

TOKYO - Oil prices fell in early Asian trade, with US crude dropping below $59 after Greece imposed capital controls as lenders refused to extend the country's bailout.Brent crude for August delivery...

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China to hold slightly over 30 per cent of new Asian infrastructure bank

China will hold a 30.34 per cent stake in the Asian Infrastructure Investment Bank (AIIB), the Finance Ministry said on Monday, making Beijing the largest shareholder in a multilateral institution that...

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Singapore to contribute S$338 million to AIIB

SINGAPORE - Singapore and 49 other countries have signed the Asian Infrastructure Investment Bank (AIIB) Articles of Agreement (AoA) on Monday.Represented by Senior Minister of State for Finance and...

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Independent auditors for banks' outsourcing vendors

SINGAPORE - Singapore -based firms handling outsourced work from banks involving sensitive data and material businesses must soon hire an independent auditor to go through their internal controls every...

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L Capital rescues Jones the Grocer in $2.75m buy

BELEAGUERED Australian gourmet chain Jones the Grocer has been sold to Fresh Bay Investments for S$2.75 million, said parties involved in the sale, revealing the transaction amount for the first time...

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Greece orders banks closed for a week after run on ATMs

Greece announced early Monday it will shut banks for a week and impose capital controls, pleading for calm after anxious citizens emptied cash machines in a dramatic escalation of the country's debt...

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Euro drops below $1.1 as Greek exit risks grow

The European single currency briefly dropped below $1.1 on Monday as investors grow concerned Greece is headed for a debt default and a possible eurozone exit.The euro fell to $1.0952 in Asia early...

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Asia markets hit by Greece fears, Shanghai plunges

Asian equities tumbled Monday on expectations of a Greek eurozone exit after Athens announced a referendum on creditors' proposals, while Chinese stocks gyrated wildly after losing some 20 per cent in...

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3 employee benefits Singaporeans really wish they had

If your workplace has an Xbox in the lounge but there's never anybody playing with it, be very, very wary-or at least prepared to work very, very hard. Even the stingiest employer has to give employees...

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Ex forex banker: Credit cards are evil

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S'pore among 50 nations signing AIIB charter

THE Asian Infrastructure Investment Bank (AIIB) took a crucial step forward with 50 countries, including Singapore, signing off on its charter yesterday, a move potentially reshaping Asia's...

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$225m boost for financial technology

A $225 MILLION initiative to help financial firms set up innovation labs and to fund infrastructure to deliver financial technology (fintech) services was announced yesterday.The Financial Sector...

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