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Tiong Woon's earnings rise despite weaker revenue
SINGAPORE - Higher profit margins and a gain from the sale of subsidiaries helped Tiong Woon Corporation Holding raise full-year earnings despite a dip in revenue.Mainboard-listed Tiong Woon - which...
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Wanted: Public feedback on JobStreet acquisition
SINGAPORE - The Competition Commission of Singapore (CCS) is seeking public feedback on a move by the world's largest online jobs website to buy a Malaysian rival. Australia-based Seek, through its...
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Rajah and Tann forms mega S-E Asian alliance
SINGAPORE - Singapore law firm Rajah & Tann has taken a major step forward in its bid to form the largest legal alliance in South-east Asia.The firm yesterday launched Rajah & Tann Asia, which...
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Shangri-La to launch new hotel brand 'Jen'
SINGAPORE - The Shangri-La group will launch its new business hotel brand in Orchard Road next month.Hotel Jen Orchardgateway, the first hotel under the Jen brand, will open for business on Sept 17.All...
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Local educator unveils big plan
SINGAPORE - Local education firm MindChamps PreSchool plans to expand into Malaysia and Australia on the back of a new partnership with media group Singapore Press Holdings (SPH).The company is also...
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Parkson's net profit shrinks in fourth quarter
SINGAPORE - Poor consumer sentiment in Malaysia and Vietnam has weighed down earnings at South-east Asian department store operator Parkson Retail Asia.Parkson, which does not have stores in Singapore,...
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Weak Q4 fails to dent Oxley's profit for full year
SINGAPORE - Developer Oxley Holdings has suffered a slump in fourth-quarter earnings, although its full-year results were strong.Net profit for the three months ended June 30 plunged 74 per cent to...
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House of exhibits
DESIGNER and architect Kee Wei Hui describes her clients' home as a "gallery shophouse". Except that the shophouse off East Coast Road doesn't have a single piece of artwork hanging in it.But gallery...
View ArticleCIMB CEO says it has no plans to overtake Maybank
KUALA LUMPUR - CIMB Group CEO Datuk Seri Nazir Tun Razak has pointed out that his banking group has no plans to overtake Maybank as the largest bank in the country."It's not an aspiration for CIMB to...
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35,000 older workers earn less than $1,000
The number of older workers taking home less than $1,000 a month has doubled to nearly 35,000 over the past decade, according to figures from the Ministry of Manpower.That number has outpaced the...
View ArticleIs Shaolin fighting for money?
CHINA - People come from all corners of the globe to study kung fu, but has the martial art been subverted by big business?In the ancient mountain fastness of Shaolin Temple, behind the closed doors of...
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On-time tax filing rate improves while tax arrears decreases
SINGAPORE - Inland Revenue Authority of Singapore (IRAS) has reported in its latest annual report for financial year (FY) 2013/14 that on-time tax return filing rates have improved across all tax types...
View ArticleEuro stumbles to lowest in almost a year
TOKYO/SYDNEY - The euro fell to its lowest in nearly a year against a broadly firmer dollar on Monday after comments from the head of the European Central Bank raised prospects of more policy easing as...
View ArticleTHAI's loss estimated at $470m
The board of directors will officially approve the establishment of a sub-committee tasked to draw up the rehab plan at the meeting on August 29, he said at a press conference today.Members of the...
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Singapore inflation eases to 1.2% in July
SINGAPORE - CONSUMER price inflation in Singapore eased more than expected to 1.2 per cent in July from 1.8 per cent in June, mainly on account of lower private road transport costs due to a high base...
View ArticleFancy investing in a plane? Crowdfunding site offers the chance
BERLIN - Crowdfunding has been used to finance everything from bands to business start-ups, social causes and even plastic surgery. Now it's being used to buy planes.A new online platform is attempting...
View ArticleBurger King plans to buy Canadian chain Tim Hortons
MONTREAL - Fast-food chain Burger King plans to buy Canadian chain Tim Hortons in an acquisition that will make it the world's third largest in the fast-food sector, the companies said Sunday.Following...
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New $63 million fund to boost productivity in farming
SINGAPORE - A new $63 million Agriculture Productivity Fund to help local farms boost yields and raise productivity was announced on Monday by Minister of State for National Development and Defence, Dr...
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CIS can now be sold across S'pore, M'sia, Thailand
SINGAPORE - Fund managers of collective investment schemes (CIS) from each of Singapore, Malaysia and Thailand can now sell directly to retail investors in the other two Association of South-east Asian...
View ArticleSingapore's GIC in final talks to buy Tokyo building for $2b: Sources
Singapore's sovereign wealth fund is in talks to buy a Tokyo office tower for about 170 billion yen (S$2.04 billion), three people with knowledge of the deal said, in what would be Japan's biggest...
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