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GM reopens regional HQ here
SINGAPORE - China's automotive market will reach saturation point in the near future, leaving the rest of Asia and Africa as the only major growth areas.American automotive giant General Motors (GM)...
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MOM to look into possible loophole in foreign worker pay
SINGAPORE - The Ministry of Manpower (MOM) will look into a potential loophole that allows employers to lower the basic wages of foreign workers, making them "cheaper" than Singaporean hires, said...
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1.32m foreign workers in S'pore; the bulk in 2 sectors
SINGAPORE - There are 1.32 million foreign workers in Singapore and the bulk of them work in the construction and marine sectors.Manpower Minister Tan Chuan-Jin said this in a written reply yesterday...
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Jetstar crew lose Aussie wage case
Singaporean cabin crew on Jetstar international flights operating within Australia are not entitled to the same wages as their better paid Australian counterparts.In a test case, the Federal Court,...
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IT managers stay up to date on smart technology
A GROUP of 50 top information technology (IT) managers from Singapore has just returned from a trip to Japan where they had a first-hand look at the latest IT advances.The trip included insights into...
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OCBC launches National Day home loan offer
OCBC BANK has launched a home loan promotion to celebrate Singapore's 49th birthday.The bank is offering property buyers a variable rate package that starts at 0.49 per cent in the first year.According...
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CitySpring offers steady yield to investors
INVESTORS looking for yield in an uncertain stock market might consider CitySpring Infrastructure Trust a relatively safe port of call.The Temasek Holdings-linked counter with a market value of about...
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Samudra Energy shelves IPO plans
MARKET volatility has forced oil and gas company Samudra Energy to postpone its planned initial public offering (IPO) here.The firm, which counts Asian magnates such as Mr Li Ka-shing and Mr Robert...
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174 firms hauled up for safety breaches
THE authorities took 174 companies to task after a month-long sting operation by the Manpower Ministry (MOM) uncovered hundreds of safety breaches at dozens of worksites.Work was ordered to be stopped...
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AmFraser's suit against ex-client to go to trial
A LEGAL battle between local brokerage AmFraser Securities and former client Goh Cheng Yu over trading losses racked up in last October's penny stock crash is heading to trial.The High Court last week...
View ArticleUS stocks surge as US strikes jihadists in Iraq
NEW YORK - Wall Street stocks pushed higher on Friday despite US air strikes in Iraq as investors ramped up buying in a market that some analysts said had been oversold.The Dow Jones Industrial Average...
View ArticleMAS going private for total overhaul
PETALING JAYA - In the boldest move yet to overhaul the ailing Malaysia Airlines (MAS), the Government has decided to bite the bullet by taking the national carrier private to enable a massive...
View ArticleFull support needed for MAS revival, says Najib
PETALING JAYA - Datuk Seri Najib Tun Razak said a complete overhaul of Malaysia Airlines was needed for a genuinely strong and sustainable national carrier.The Prime Minister said the delisting of MAS...
View ArticleSnapchat's financing talks with Alibaba end
BANGALORE - Snapchat Inc's financing talks with China's Alibaba Group Holding are over, Bloomberg reported, citing people familiar with the matter.The developer of a popular app that allows users to...
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Wilmar sees 22% dip in Q2 profit
Commodities player Wilmar International's coffers suffered as tough conditions in the palm oil market and losses from associates dented its earnings.The world's biggest palm oil producer and trader...
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Lukewarm interest in land parcels
The lacklustre response from cautious developers to two Fernvale Road sites has underscored the continuing weakness in the property market.One site attracted only three bids while the other mustered...
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New credit card packs financial and health perks
OCBC is issuing a new credit card to help customers stay in the pink of both financial and physical health, in its push to get a bigger slice of the retail market.The bank's insurance unit, Great...
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Shaky IPO market, but mega farmer Japfa is not cowed
One firm is still raring to brave the market, with a public offer kicking off today, despite the postponing of one big listing and after other recent floats have flopped.Industrial mega farmer Japfa,...
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Ku De Ta trial in HK: Judge refers findings to S'pore A-G
A Hong Kong judge who ruled that former Ku De Ta chief executive Chris Au gave false evidence in a Singapore court has referred his findings to the Attorney-General here.Mr Au had told the High Court...
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Aviva Singapore lifts British insurer's half-year earnings
Strong growth across a range of sales channels helped British insurer Aviva's local unit put in a sparkling performance for the first six months of the year.Aviva Singapore logged a 49 per cent jump in...
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