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Singapore banks strong, regulations robust: Fitch
Singapore's banks are strong and so are the nation's financial regulations, rating agency Fitch said yesterday.It added that the Monetary Authority of Singapore (MAS) continues to actively oversee the...
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Monthly bank loans dip for first time in 5 years
Total monthly bank loans here fell a whisker last month, the first monthly slide in nearly five years, caused by a combination of modest economic growth and tighter credit growth.A total of $597.4...
View ArticleChina banks seek new lending horizons as bad debts rise
SHANGHAI - Grappling with a slowing economy, China's biggest banks are turning their back on mainstay borrowers like manufacturers and courting high growth industries such as healthcare, food and IT in...
View ArticleMore than 1,000 cleaning firms licensed
SINGAPORE - A total of 1,001 cleaning businesses, with a workforce of 52,000 cleaners, have been licensed by the National Environment Agency (NEA).The majority of the cleaning sector comprises small...
View ArticleCiti to pay allowance to compensate for limited bonuses
Citigroup Inc has told senior staff in Europe that they would receive fixed monthly pay in addition to their salaries in an attempt to compensate for rules that limit bonuses to up to twice the level...
View ArticleCentral bank rule handicaps India's infrastructure hopes
MUMBAI/SINGAPORE - A central bank ban on Indian banks buying new issues of infrastructure bonds has handicapped Prime Minister Narendra Modi's chances of gathering billions of dollars needed for...
View ArticleJapan aims to double India investment in 5 years
TOKYO - Japanese Prime Minister Shinzo Abe will tell his Indian counterpart Narendra Modi at a summit on Monday that Japan aims to double its direct investment in India in five years from some $2...
View ArticleMacau's gambling revenue declines for third consecutive month
MACAU - Gambling revenue in the world's biggest gaming hub Macau fell 6.1 per cent in August on an annual basis, the third consecutive monthly decline this year as a stepped up campaign against...
View ArticleIndonesia trade picture brightens after Ramadan slump
JAKARTA, - Indonesia posted a slim trade surplus in July, bouncing back from a deficit the previous month caused by increased imports before the Islamic holy month of Ramadan and the Eid holiday, data...
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Bringing in shine back to the Singapore Mint
Although it was literally making money, in 2007, the Singapore Mint was bleeding millions of dollars.Mr Yip Pak Ling, who had been in the utilities department at Sembcorp Industries, was brought in to...
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IMF chief shrugs off court charges
Once, when speaking about her experience as a competitive synchronised swimmer in school, Ms Christine Lagarde famously quipped: "It was synchronised swimming that taught me: Grit your teeth and...
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Chipmaker moves some operations out of Singapore
A large American chipmaker has moved some operations out of Singapore to Ireland, which is likely to weigh on the already troubled electronics sector here.Broadcom, a Fortune 500 company based in...
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Number of male nurses rising
The number of male nurses has been increasing steadily in recent years, a check with public and private health-care clusters here revealed.In hospitals in the National Healthcare Group (NHG), the...
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STI rises on good Europe vibes
SINGAPORE - Local shares rebounded yesterday on positive cues from European stocks, which advanced for a third straight session on speculation of possible stimulus from the European Central Bank...
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S'pore PMI hits lowest point since December
SINGAPORE - Hopes that the downbeat manufacturing sector had turned a corner were dashed yesterday as factory activity unexpectedly shrank last month, in its worst showing this year.The sector, which...
View ArticleFree online course on how businesses work
Anyone who wishes to study business can soon do so for free through an eight-week online course.The Discovering Business In Society programme, which has no pre-requisites, will be launched on Monday on...
View ArticleAirAsia seen to benefit from Malaysia Airlines route revamp
PETALING JAYA - With Khazanah Nasional's recovery plan for Malaysia Airlines (MAS) laid out, analysts believe the AirAsia group is the likely direct beneficiary of the potential industry route...
View ArticleChinese insurance firms fined $22m for price-fixing
National Development and Reform Commission (NDRC) Tuesday announced that Zhejiang Insurance Industry Association and 23 provincial level insurance companies have been fined more than 110 million yuan...
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Changes to HDB Lease Buyback Scheme: Higher income ceiling, more cash upfront...
SINGAPORE - More elderly Housing Board flat owners will be able to sell part of their lease back to the Government for retirement income. They will also be able to keep more cash upfront and have a...
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