HDB rents to stay depressed
SINGAPORE - Lean times are here to stay for Housing Board landlords, with rentals likely to stay depressed for the rest of the year.Sluggish demand, arising from foreign labour curbs that have shrunk...
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Guidelines for strata-landed housing developments fine-tuned
SINGAPORE - A new formula has been introduced in the revised guidelines governing strata-landed housing developments in Singapore, a move that will result in fewer strata-landed units.Get the full...
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Improving exports raise hopes of rebound
SINGAPORE - Figures out on Aug 18 offer a glimmer of hope that Singapore's lacklustre export performance in recent months is poised for a gradual rebound.Non-oil domestic exports (NODX) shrank 3.3 per...
View ArticleGreen light for president-elect Widodo boosts Indo
Indonesian stocks opened near a record high and the rupiah strenghtened on Friday, a day after the country's highest court gave Joko Widodo the green light to lead Southeast Asia's largest economy from...
View ArticleThailand’s junta upbeat on economy
BANGKOK - Thailand's junta wants to sell a positive story about its coup saving a troubled economy from recession, and while it seems to have business on board there is little evidence yet of a...
View ArticleUS casual-wear giant Gap to launch 40 stores in India
NEW DELHI - US casual-wear retail giant Gap Inc says it will open 40 stores in India, calling the expansion "an important next step" in its global growth strategy.The San Francisco-based company, known...
View ArticleShrinking Russian economy adds to fears of full-blown recession
MOSCOW - Russia's economy has contracted in annual terms for two months in a row, the Economy Ministry said on Friday, adding to concerns that Russia may be heading for recession as western sanctions...
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OCBC retains Wing Hang name in new logo
OCBC bank has unveiled the new name and logo for its newly acquired Wing Hang unit in Hong Kong - it will simply be called OCBC Wing Hang.The new brand mark is also straightforward: It combines OCBC's...
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S'pore and West Bengal sign flurry of deals
Singapore and the east Indian state of West Bengal are on their way to developing stronger business ties with various agreements signed here yesterday.Officials and delegates from a range of industries...
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Singapore hub a hit with insurers serving Asia-Pacific
The region's economic boom has turned Singapore into a magnet for insurers setting up shop here to serve clients across the Asia-Pacific.The offshore insurance market, as the segment is known, has...
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SPH invests $12m in pre-school operator MindChamps
SINGAPORE - Singapore Press Holdings (SPH) has bought a stake in preschool and enrichment provider MindChamps Holdings.This marks the media company's first investment into the education business.SPH...
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Asia-Pac hotel investment hits 5-year high in 2013
SINGAPORE - Investing in Asia-Pacific hotels seemed the thing to do last year, with the hospitality investment market in the region hitting a five-year high on a transaction volume of US$12.83 billion...
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En bloc sales still the way to go: Colliers
SINGAPORE - Collective sales remain a relevant option for property owners to exit from their ageing assets and for developers to replenish their development pipeline, despite the current standstill in...
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Ellipsiz's full-year profit soars by 183 per cent
A better revenue mix and one-off gains helped send full-year earnings soaring 183 per cent at semiconductor equipment supplier Ellipsiz.A one-time net gain of $7.1 million helped boost the company's...
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Xpress settles another case over alleged unpaid debt
Printing firm Xpress Holdings has settled the second of three lawsuits it has been contesting over $2.4 million in alleged unpaid debt.Its chairman Fong Kah Kuen said on Tuesday it has settled a suit...
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$500m scheme to help SMEs adopt information technology
Local firms are being urged to start applying for a new $500 million scheme which makes it easier to adopt game-changing information technology.Applications for the Infocomm Technology for Productivity...
View ArticleChina fines Japanese auto-parts firms record $254m for price fixing
SHANGHAI - China has fined 10 Japanese auto parts firms more than US$200 million (S$250 million) for price-fixing, authorities said Wednesday, in what state media called the biggest-ever penalty for...
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Celcom boss tipped to become new MAS CEO
SINGAPORE - As the search for a new boss to helm disaster-struck Malaysia Airlines (MAS) nears its end, one candidate appears to be emerging as the most likely to take on the laborious task of...
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Coco Palms tops best selling condos in first half of 2014
SINGAPORE - Private condominiums in the east of Singapore have been the most popular for property investors this year, the Singapore Real Estate Exchange (SRX) said.While the property market has slowed...
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