An IT powerhouse lacking in IT billionaires
The recent move by Daum, South Korea's second-largest web portal, and Kakao, the country's top mobile messenger service provider, to merge has everyone on the edge of their seats.The merger agreement...
View ArticleAsia shares mixed, China inflation at four-month high
HONG KONG - Asian markets were mixed on Tuesday as fresh records on Wall Street were offset by profit-taking after recent gains, while Shanghai and Hong Kong brushed off data showing Chinese inflation...
View ArticleChina inflation hits four-month high in May: govt
BEIJING - China's annual inflation rose sharply in May to its highest level in four months, official data showed Tuesday, easing concerns about deflationary risks in the world's second-biggest...
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More commercial land up for sale
A SHARP spike in commercial land was a striking feature of the Government's land sales programme released yesterday.The Ministry of National Development said it will release land that could supply up...
View ArticleAlibaba to buy out UCWeb in China’s "biggest" internet merger
BEIJING - Alibaba Group Holding Ltd said on Wednesday it will buy all the remaining shares of mobile browser firm UCWeb in the biggest merger in Chinese internet history, as the e-commerce giant steps...
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Next goal: job market
Graduates posing on a football field at Yuncheng University in Shanxi province on Sunday.This year, a record 7.27 million graduates will enter China's job market, which has a shortage of skilled...
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Tiong Seng enters $14.5m joint venture with two Japanese firms
SINGAPORE - The construction firm will invest $6.4 million, through its wholly-owned subsidiary Robin Village International, into a joint venture with Geostr Corporation and Marubeni-Itochu Steel...
View ArticleMalaysian developers act to avoid property bubble this year
KUALA LUMPUR - There will be no property bubble this year, as developers will accommodate the market's need by launching smaller units."This year property developers would opt for fewer launches with...
View ArticleNo big bang for ‘One Asean’ in 2015
MANILA - The year 2015 is something many people are looking forward to with both fear and excitement. It is the year when members of the Association of Southeast Asian Nations (Asean) become a single...
View ArticleEmirates cancels order for 70 Airbus A350 planes
TOULOUSE, June 11 (Reuters) - Airbus lost a major order on Wednesday when Dubai's Emirates airline cancelled its entire requirement for 70 A350 jets, dealing an unexpected blow to the European...
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MAS to introduce ad rules for investment products
SINGAPORE - New rules will be put in place to ensure consumers are not ripped off by financial institutions promising lucrative returns for investment products without clearly or sufficiently stating...
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World Cup 2014 to rake in US$4.28b for Fifa: Sportcal
THIS year's World Cup in Brazil - despite being beset with a host of domestic problems ranging from street protests to delays and deaths in the construction work leading up to the tournament - is set...
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Dark condos shine light on rising vacancy
SINGAPORE - As dusk descends upon the Singapore skyline, the excess capacity building up in the private housing market is evident. Dark patches in some condominium developments completed six to 12...
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Let there be light
SINGAPORE - No official statistics are available on vacancy rates in individual completed condominium projects. But BT's lensmen put together a snapshot of "dark condos" in Singapore when they...
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Going for training? Then read this
SINGAPORE - More companies sent workers for training courses and reported better outcomes, such as higher productivity, according to two surveys released by the Singapore Workforce Development Agency...
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SingTel buys ad tech firms in digital push
SINGAPORE - Singtel announced yesterday that it is buying two advertising technology firms for a total of US$359 million (S$448.6 million) as it works to strengthen its foothold in the digital...
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