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New choice sites in H2 land-sale slate
SINGAPORE - Private housing sites in Lorong Puntong, in the Upper Thomson area, and in Tampines Road - diagonally opposite Kovan MRT station - are among the choicest sites in the second-half 2014...
View ArticleUMC reports record-high revenues for last month
TAIPEI, Taiwan -- United Microelectronic Co. (UMC, 聯電) yesterday held its shareholders' meeting, announcing the approval of a NT$0.5 (S$0.02) cash dividend payout for fiscal year 2013 while expressing...
View ArticleJapanese firms to supply parts for Boeing's 777X
TOKYO - US aviation giant Boeing said Thursday that five Japanese firms would supply major parts of the fuselage for its new 777X jet, which is set for delivery in 2020.Under the accord signed in...
View ArticleTwitter COO resigns amid lacklustre growth
Twitter Inc said on Thursday Ali Rowghani resigned as chief operating officer, effective Thursday.The micro-blogging website said it did not intend to hire a replacement for Rowghani, whose operating...
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One in three execs here OK with misstating financials
SINGAPORE - More than one-fourth of senior executives in Singapore feel it is justifiable to misstate financial performance in order to survive an economic downturn. The staggering statistic was one of...
View ArticleHougang Avenue 7 HUDC estate privatised
SINGAPORE - In a statement released today, the Housing and Development Board (HDB) announced the conversion of the Hougang Avenue 7 HUDC estate into a strata-titled property under the Land Titles...
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Unemployment rate creeps up in the first quarter of 2014 but more job...
SINGAPORE - The rate of unemployment crept up in the first quarter of 2014, but the number of job openings continued to outnumber that of job seekers amid continued strong job growth, based on the...
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Less land for private housing
The latest release of land for new homes here has been scaled back again as Singapore faces a record supply of homes in the pipeline and dwindling buyer demand. The number of homes that can be built on...
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S'pore 9th priciest place in Asia-Pacific for expats
Singapore is the ninth most expensive place in the Asia-Pacific for expatriates - for a second straight year.Globally, Singapore has risen four notches to become the 31st most expensive expatriate...
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Local staff in foreign banks 'being groomed'
Foreign banks here say they are committed to developing a Singaporean core, stepping up efforts to groom and keep local talent.Their comments came as Deputy Prime Minister and chairman of the Monetary...
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3.3% growth in Q2
Economists are more upbeat about Singapore's second-quarter economic growth than they were earlier in the year, according to a survey conducted by the Monetary Authority of Singapore.The survey, which...
View ArticleLucasfilm appoints new GM for S'pore operations
Lucasfilm announced on Thursday that it was appointing Ms Teresa Cheng to the post of general manager for Lucafilm Singapore.It said in the statement that Ms Cheng "brings over 20 years of experience...
View ArticleCivil servants to receive half-month mid-year bonus
SINGAPORE - Civil servants will be paid a mid-year Annual Variable Component (AVC) of half a month, the Government announced in a statement released today, after taking into account Singapore's economy...
View ArticleSingapore to launch overnight yuan liquidity facility in July
HONG KONG - Singapore plans to launch a facility to provide overnight yuan liquidity as trade transactions using the currency rise.The move will help enhance the city-state's position in the fierce...
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Tech start-ups sizzle as mergers and acquisitions hot up
SINGAPORE - The mergers and acquisitions (M&A) landscape is exploding in Asia - especially where technology businesses are involved.In the first three months of the year, M&A activity was worth...
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Deal to cut red tape in trade to be implemented in S'pore
SINGAPORE - An international agreement to cut down on red tape in cross-border trade will be put in place in Singapore when it enters into force.Singapore has notified the World Trade Organisation of...
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Mobile data spending likely to hit $1.85b in 2018
SINGAPORE - Cellphone users here are expected to spend US$1.47 billion ($1.85 billion) on faster mobile Internet connections in 2018.This is almost double what they were spending last year, according...
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Now for the magical mobile moment
Singtel's wholly owned subsidiary Amobee notched up much better revenues of $113 million last year, more than double the $54 million of a year earlier. But the digital advertising unit is still not...
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Deutsche, UBS pick World Cup winner
As the World Cup fast approaches, another two large investment banks, UBS and Deutsche Bank, are deploying their crystal balls to predict who will likely seize the football world's Holy Grail this...
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Let HDB landlords enjoy their rent
SINGAPORE - When the owner of a Housing Board flat moves to private property, should he be allowed to keep - and profit off - his old flat? This question resurfaced in both the print and online Straits...
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