Indonesia's Islamic banks launch Islamic repurchase agreement
A group of Indonesian Islamic banks launched on Thursday a standard contract template for sharia-compliant repurchase agreements, aiming to broaden the liquidity management tools available in the...
View ArticleBankrupt Baha Mar in Bahamas secures interim financing
The bankrupt US$3.5 billion (S$4.72 billion) Baha Mar mega resort in the Bahamas secured up to US$30 million in interim financing on Wednesday, but it was unclear when construction on the stalled...
View ArticleDBS/POSB offers new notes for Hari Raya from 4 SingPost outlets
SINGAPORE - DBS/POSB customers has launched a new service for customers to get their new notes for Hari Raya from four SingPost outlets for the first time.Customers can withdraw new notes from the...
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Kong Hee puts Sentosa Cove home on sale for $10m
City Harvest Church (CHC) founder Kong Hee has put his luxurious penthouse family home in Sentosa Cove up for sale.He and a co-owner are asking a cool $10 million for the duplex unit, more than the...
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Default piles pressure on Greek banks, other borrowers
GREECE'S widely expected 1.55 billion euro default on an International Monetary Fund (IMF) loan raises the pressure on its banks and other borrowers.Analysts say the collateral of banks and borrowers...
View ArticleEuro ticks higher ahead of Greek debt referendum
The euro ticked higher in Asia on Thursday as an upbeat US jobs report boosted sentiment while investors looked to this weekend's referendum on Greece's bailout.The common currency bought US$1.1065...
View Article1MDB chief: We discussed company's financial situation with Fitch...
PETALING JAYA - 1Malaysia Development Berhad said it had held discussions with Fitch before the international ratings agency upgraded Malaysia's outlook from negative to stable.Its president, Arul...
View ArticleMore Chinese couples divorce to dodge home-buying restrictions, then remarry
The growing number of couples who divorce to get around regulations and official restrictions and then remarry has pushed up the divorce rate in Guangzhou, Guangdong province, an official has...
View ArticleShanghai to issue work visas for top foreign talent
Shanghai is to issue visas on arrival to high-level foreign workers and those bringing entrepreneurial skills to the city to attract top talent for its mission to become a global centre of scientific...
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1MDB slams report that Najib received $944 million
Malaysia's 1MDB said on Friday it never provided any funds to Prime Minister Najib Razak, responding to a report that close to US$700 million (S$944 million) was wired into Najib's personal account...
View ArticleChina firm to punish 'unscheduled' pregnancies
A Chinese company plans to demand its employees seek approval to get pregnant and fine those who conceive a child without permission, reports said, provoking a media firestorm Friday."Only married...
View ArticleChina's regulator vows to act on market manipulation
China's market regulator has pledged to crack down on market manipulation after rumours that foreign short-sellers were behind recent share price plunges.Chinese markets were among the world's best...
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How to put the Greek economy on the path of recovery
No matter the solution found for Greece's debt crisis, fixing problems in Greek tax structures, foreign investment flows and export activity must take place for the economy to start growing...
View ArticleNo in referendum would weaken Greece's position: EU
A 'No' in Greece's referendum on Sunday would not strengthen Athens' position in talks with its creditors as the Greek government claims, EU Commission deputy president Valdis Dombrovskis said in a...
View ArticleTop 10 shareholders of the Asia Infrastructure Investment Bank
The China-initiated Asian Infrastructure Investment Bank (AIIB) took a historic step forward on Monday with the signing of a framework for the current 57-member institution.The bank will have...
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1MDB claims it has hand in Fitch's upgrade of KL's outlook
Malaysia's debt-laden 1MDB had played a part in securing Fitch Ratings' affirmation of the sovereign's long-term foreign currency A-rating with a stable outlook, a top official of the government-owned...
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With banks shut, hard-pressed Greeks count the cost of change
Eleni Katsamaki, who runs a fruit and vegetable stall at a market in the Athens suburb of Piraeus, is feeling one of the small, daily annoyances of the Greek bank shutdown particularly acutely. Nobody...
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Aussie suing RWS denies any offer to set him free
An Australian lawyer who is suing Resorts World Sentosa (RWS) for detaining and manhandling him has denied RWS' contention that he was given a choice to be freed from the room he was held in, on...
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Reits free to set fees but must justify them
Most of the proposed changes for the booming property trust sector will go ahead but one particularly controversial suggestion has been thrown out.The new measures are aimed at providing real estate...
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