UK employers increasingly struggle to fill vacancies
LONDON - British employers are offering higher pay as the pool of good job candidates dries up at its fastest rate in nearly a decade, according to a survey which may worry the Bank of England.The...
View ArticleAsustek shares plummet despite predictions
TAIPEI, Taiwan - Shares of Asustek Computer Inc. on Thursday nosedived by 7 per cent due to concerns over earnings growth, despite Morgan Stanley and HSBC raising target prices for the company's...
View ArticleSingapore REITS on foreign jaunts outperform as home market stutters
SINGAPORE - Real estate investment trusts in Singapore with growing exposures overseas in places like China, Japan and Australia are bucking the trend of lower returns at home where the city-state's...
View ArticleApple seen eyeing Beats Electronics for $3.9 billion
WASHINGTON - Apple is eyeing a US$3.2 billion (S$3.9 billion) buyout of Beats Electronics, a California firm founded by rapper Dr. Dre that makes headphones and other products, in what would be Apple's...
View ArticleChina shares end week down on property, Great Wall Motor sell-off
BEIJING - China shares closed down on Friday on falling property stocks and a sell-off in Great Wall Motor shares, leaving the two main indexes in negative territory for the fourth straight week.The...
View ArticleHong Kong stocks close 0.12 per cent higher
HONG KONG - Hong Kong stocks closed up 0.12 per cent Friday as a rebound in Macau-related shares helped offset concerns over weak Chinese inflation data. The benchmark Hang Seng Index rose 25.87 points...
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StarHub net profit down by 7.7 per cent for Q1
A tax hit, a lower Government grant and falling handset sales sent the numbers falling at telco StarHub for the first quarter.Net profit slid 7.7 per cent to $84.2 million for the three months to March...
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Seniors benefit from studio apartments
SINGAPORE - Senior citizens who have sold their old flats and moved into studio apartments (SAs) have reaped - among other benefits - net sales proceeds of $200,000 per flat.The figure came from...
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GIC puts $212m in online sports goods retailer Netshoes
Singapore sovereign wealth fund GIC has led a round of investment of about US$170 million (S$212 million) in a Brazilian online retailer of sporting goods.The investment in Netshoes comes about a month...
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Group CEO of bleeding Tigerair steps down
SINGAPORE - In a surprise announcement, embattled budget carrier Tiger Airways Holdings (Tigerair) said yesterday that group chief executive Koay Peng Yen would be stepping down after less than two...
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More Malay Muslim firms going overseas
More Malay Muslim businesses are venturing overseas, even as they are crimped by constraints at home such as high rent and labour costs, a new survey shows.The survey, conducted by the Singapore Malay...
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Singapore tops in ability to generate built asset wealth
SINGAPORE - Thanks to its strong industrial output, Singapore gains the most economic returns on a per-capita basis from its buildings and infrastructure, a new study published by design and...
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Singapore tops in ability to generate built asset wealth
SINGAPORE - Thanks to its strong industrial output, Singapore gains the most economic returns on a per-capita basis from its buildings and infrastructure, a new study published by design and...
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UOL Group profits up 69 per cent after KL land sale
Net profits at UOL Group soared 69 per cent to $120.8 million in the first quarter, mainly thanks to the sale of a land plot in Kuala Lumpur.The firm said yesterday that its revenue jumped by 65 per...
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S'pore can't ease up on foreign worker limits, says PM Lee
Some bosses of small and medium-sized enterprises (SMEs) have had to turn away business or rope in family members to help, as they deal with the curbs on foreign worker inflow and the lack of locals...
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Alibaba opens fortunes from Wall Street to Chinese backwaters
BAIGOU, China - Thousands of miles from Wall Street, where Alibaba Group has filed for a multi-billion-dollar IPO, Chinese farmers are swapping tractors for luxury cars after making fortunes through...
View ArticleString of new malls to fire up shopping scene
SINGAPORE - Shoppers can expect more places to splash their cash at with a string of new malls scheduled to open by the end of the year.An estimated 1.9 million sq ft of additional shop space will be...
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