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HDB resale prices fall 1.4% in Q2
SINGAPORE - HDB resale values dropped 1.4 per cent in the quarter from the first three months of the year, the HDB said on Friday.Get the full story from The Straits Times.Here is an excerpt from the...
View ArticleThai Airways maps up 3-yr rehab plan
Thai Airways International is prepared to move its Thai Smile Air subsidiary to Don Mueang International Airport and to offer early retirement to 900 staff members as part of a three-year revival plan....
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Private home prices in Singapore continue to fall in Q2: URA
SINGAPORE - Urban Redevelopment Authority's official private home price index fell one per cent in the second quarter of this year compared with the first quarter.Get the full story from The Business...
View ArticleIMF lowers 2014 growth projection for Asean-5
Five ASEAN countries, so-called ASEAN-5, are expected to show 4.6 per cent in economic growth this year and 5.6 per cent in 2015, according to the International Monetary Fund's World Economic Outlook...
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Prices of essentials will continue to rise
Singaporeans concerned that the city is becoming one of the world's priciest places to live in received some positive news yesterday with predictions that inflation will moderate for the rest of this...
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Loss widens in Q1 for Tiger Airways
Budget carrier Tiger Airways Holdings went further into red in the first quarter after being hit by a one-time provision for shutting its loss-making Indonesian unit.Net loss was S$65.22 million,...
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CapitaMall plans more mall facelifts
Upgrading work at some malls is going smoothly and more centres are set for a facelift, retail landlord CapitaMall Trust (CMT) said yesterday.A new section at its JCube mall in Jurong with a "street...
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Keppel Land turns in strong results
Keppel Land reported a healthy second-quarter scorecard, underpinned by its residential projects in China and divestments from its property funds.However, sales in Singapore slowed as a result of...
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Xpress shares take hit over legal tangle
Shares in mainboard-listed Xpress Holdings plunged nearly 10 per cent yesterday after the company announced it was embroiled in legal proceedings with creditors.Xpress shares shed 0.2 cent to 1.9 cents...
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Sheng Siong rings up healthy profits
Tills at supermarket operator Sheng Siong Group rang at a furious pace in the second quarter, with net earnings of S$11.1 million, up 30.3 per cent over the same period last year.Revenue for the three...
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Cost of fraud rising in financial services
More large transactions and more funds washing about in the financial services sector may have contributed to a significant jump in the cost of fraud incidents in recent years, experts say.The cost of...
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Changi Airport passenger totals down in June, but up for 1st six months
June 20144.65m(down) 0.3 per centJan-June 201426.61m(up) 1.4 per centThe June holidays gave traffic at Changi Airport an important boost, making last month the busiest so far this year. But total...
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Saving treasures
A 56-year-old table from a crocodile farm is just one of the many striking pieces that have been lovingly restored in this eclectic home.This five-room flat in Ang Mo Kio, owned by Jimmy Tan and his...
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10 things successful people do during a long weekend
The long weekend is here again! Before you rejoice, are you certain that you can put down all your concerns at work and enjoy a happy three days off?According to Michael Kerr, author of ”You Can’t Be...
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CapitaRetail China Trust's payout up 8.8 per cent
STRONG growth at its multi- tenanted malls as well as added contributions from new and upgraded malls in China boosted CapitaRetail China Trust's second-quarter results yesterday.The real estate...
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Cambridge Industrial Trust raise Q2 payout by 0.9 per cent
CAMBRIDGE Industrial Trust is raising its distribution per unit for the second quarter by 0.9 per cent from a year ago to 1.251 cents, its manager said yesterday.Distributable income for the industrial...
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Mapletree Commercial Trust's DPU rises 11.2 per cent
HIGHER income from its properties helped Mapletree Commercial Trust (MCT) post stronger first-quarter earnings yesterday.The firm, managed by Mapletree Commercial Trust Management, posted a...
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Keppel Corp buoyed by offshore projects
RIGBUILDER Keppel Corp lifted earnings in the second quarter, thanks in part to higher revenue being recognised from its offshore and marine projects.Net profit came in at $406.03 million for the three...
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Industrial land supply up, stabilising rents and prices
THE increase in the supply of industrial land has stabilised rents and prices in some categories while sending occupancy rates down to levels not seen since 2007.The occupancy rate of the overall...
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MAS to ease corporate bond buys for retail investors
RETAIL investors may soon find it easier to buy products such as corporate bonds, now largely the preserve of bigger investors.The Monetary Authority of Singapore (MAS) is looking at ways to give them...
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