A task force to undertake MAS restructuring?
It was in February this year that the Government told Khazanah Nasional Bhd to look at options to save Malaysia Airlines (MAS).Its problems had become the elephant in the room and all plans to turn...
View ArticleGoogle buys city-guide app maker JetPac
Google Inc is buying JetPac Inc, the startup that designs social travel applications disclosed on its website on Friday, without providing details."We'll be removing Jetpac's apps from the App Store in...
View ArticleAPEC sets ball rolling for free trade
Members of the Asia-Pacific Economic Cooperation forum have agreed to begin moves to form a free trade area for the region, a senior official said on Friday.It was widely agreed to continue to promote...
View ArticleDepression takes toll on Chinese employees, survey shows
About 70 per cent of Chinese workers diagnosed with depression have taken time off from work because of the illness, and more than half of the depressed employees reported impaired work performance,...
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New & improved
Renovation cost: $120,000Type of housing: A condominium unit at Mount SinaiSize: 2,200sqfWho lives here: A three-generational family of sixHaving worked with this family on their previous three homes,...
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CDL to step up the pace as it expands overseas
Property developers in Singapore continue to head overseas and City Developments (CDL) is no exception.Executive chairman Kwek Leng Beng said yesterday that CDL will speed up its expansion abroad and...
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‘Drastic Causeway toll hike will hurt businesses’
Two business chambers representing companies in Malaysia and Singapore have issued a joint statement warning that "drastic increases" in Causeway charges will have a detrimental economic impact.The...
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Genting hit by fall in visitor numbers
Fewer visitors from core markets like China coupled with increased geopolitical tensions and global economic uncertainty took their toll on Genting Singapore's earnings in the second quarter.Net profit...
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Prudential to set up shop in Courts stores
COURTS Asia has signed a deal to allow insurer Prudential to operate at all its Singapore stores for a fee, chief executive Terry O'Connor said yesterday.Speaking at Courts' results briefing, Mr...
View ArticleUncompleted property to be subjected to Malaysia's GST
PETALING JAYA- Commercial property that is not completed by April 1, 2015, will be subject to the Goods and Services Tax (GST).Projects under construction will be valued as of March 31, and GST will be...
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UnionPay makes it big in S'pore
Singapore is proving to be a fruitful market for a giant Chinese firm that provides cashless payments.UnionPay has tied up with most major banks here since it entered the country in 2006, allowing...
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He is 20, going on millions
SINGAPORE - When you are 20 years old, you usually depend on your parents to pay your university fees and give you pocket money.Nickson Guay is on scholarship at the Singapore University of Technology...
View ArticleGovernment releasing 2 residential sites yielding 900 units
SINGAPORE - To provide home buyers with more choices for private housing, the Urban Redevelopment Authority (URA) and Housing & Development Board (HDB), will be releasing two residential sites for...
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He is 20, going on millions
SINGAPORE - When you are 20 years old, you usually depend on your parents to pay your university fees and give you pocket money.Nickson Guay is on scholarship at the Singapore University of Technology...
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Eyeing an EC? 'Golden period' to buy is here
SINGAPORE - The next 11/2 years will offer a window of opportunity for those looking to buy an executive condominium (EC) unit, property experts said, with new launches and supply expected to taper off...
View ArticleSingapore July exports down, but sales to U.S, China pick up
Singapore's exports in July fell less than expected as shipments to major economies picked up, suggesting the manufacturing sector may have bottomed out on the back of an improving economic outlook in...
View ArticleThailand GDP data show country steered away from recession
BANGKOK - Thailand's economy expanded 0.9 per cent in April-June from the previous three months, avoiding a technical recession, the planning agency said on Monday.It said that Thailand in the second...
View ArticleSamsung mobile chief becomes highest-paid CEO
KOREA - Shin Jong-kyun, the chief executive of Samsung Electronics' mobile business unit, was the highest-paid CEO in Korea in the first half of 2014, according to a report released by local corporate...
View ArticleForeign funds net buyers of Malaysian equities
MALAYSIA - After three consecutive weeks of selling, foreign investors were net buyers of 261.6 million ringgit (S$103.3 million) of Malaysian equities in the week ended Aug 15, 2014, says MIDF...
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