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PM: S'pore-Guangzhou venture raises bar for govt-to-govt
The successful progress of the private sector-led Guangzhou Knowledge City (GKC) has raised the bar for future government- to-government projects, Prime Minister Lee Hsien Loong said.Mr Lee, who...
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GIC buys stake in US transport firm
Singapore's sovereign wealth fund GIC has added to its shopping bag with the purchase of a stake in a US transport and logistics firm.GIC bought 7.5 per cent of XPO Logistics for US$250 million...
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Enhanced upgrading and the 'flat' effect
Flats that fall under the newly-enhanced upgrading programmes might be more attractive to buyers but, given today's muted market, experts do not expect much impact on their resale prices."When prices...
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Traders hope to shrug off market blues
SINGAPORE - There is a sequel to the well-known trading adage warning investors to "sell in May and go away", so as to avoid the seasonal summer decline in the stock market.Part II of the saying...
View ArticleChina's fiscal spending growth eases in August
BEIJING - China's fiscal spending expenditure growth eased to 6.2 per cent in August from a year earlier, data from the Ministry of Finance showed, reflecting the government's efforts to brake spending...
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Employment and pay for locals go up, foreign employment growth slows
SINGAPORE - The last time foreign employment grew this slow was back in the third quarter of 2009, during the recession. Foreign employment expanded by just 700 during the three months then.Get the...
View ArticleChina removes top official of Shanghai free-trade zone, amid reports of graft...
SHANGHAI - China has removed a senior official of its much-heralded Shanghai free-trade zone (FTZ) less than a year after it was opened, state media said on Monday, amid reports he was under...
View ArticleHalf of wealthy Chinese plan to leave: Survey
BEIJING - Nearly half of China's super-wealthy individuals are considering leaving the country, a survey said Monday, with most citing better overseas educational and employment opportunities for their...
View ArticleBangladesh warns of jail for Bitcoin traders
DHAKA - Bangladesh's central bank on Monday warned against dealing in Bitcoin, saying anybody caught using the virtual currency could be jailed under the country's strict anti-money laundering laws.The...
View ArticleMore luxury condo units sold at loss as resale market ebbs
SINGAPORE - A larger percentage of high-end luxury condo homes on the resale market are being sold at a loss and a smaller percentage at a profit, as the tide of the once-rosy property market recedes...
View ArticleTSMC to maintain dominance: foreign brokerage
TAIPEI, Taiwan - According to a recent report by Deutsche Bank AG, TSMC is poised to command more than 70 per cent of the global market for 28-nanometer and 32-nanometer semiconductor fabrication, as...
View ArticleAustralian business investment picking up, more needed: RBA
SYDNEY - A top Australian central banker on Tuesday said there were signs of a much-needed pick up in business investment outside the cooling mining sector, though much depended on whether firms could...
View ArticleMore jobs, higher wages for Singaporeans
THE tight labour market has helped drive up wages and employment for locals while foreign employment growth fell to its weakest level since late 2009.Latest data from the Ministry of Manpower (MOM)...
View ArticleInvestors show keen interest in latest Malaysian properties
SHAH ALAM, Malaysia - The Star Property Fair 2014 i-City edition continues to attract keen interest from buyers and potential buyers well into this week.An option that drew attention was KEN Rimba Sdn...
View ArticleBrazil 'falling off world oil map' over failed policies: Industry...
RIO DE JANEIRO - Investors are losing interest in Brazil's oil industry as the country's energy policies raise costs, reduce efficiency and increase risk, Brazil's oil industry association, the IBP,...
View ArticleVietnam Airlines may sell stake to Japan's All Nippon Airways: Media
HANOI - Vietnam Airlines has identified Japan's All Nippon Airways (ANA) as a possible strategic partner as part of the flag carrier's partial privatisation plan, state media quoted its president as...
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Chance to move in on China market
SINGAPORE - For the past few weekends, a group of gorgeous-looking young Westerners have joined my taiji group at East Coast Park.Their youthful exuberance in getting their movements right has got our...
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Booze sales rebound as impact of tax hike fades
SINGAPORE - February's 25 per cent rise in alcohol duties had a brief sobering effect on drinkers.New figures show consumption of alcoholic drinks dipped sharply following the hike, with just 8 million...
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Sense of entitlement of workers will make Singapore less competitive: Tan...
Some local workers reject jobs which require shift work, while others complain about fierce job competition and low pay, Manpower Minister Tan Chuan-Jin said in a blog post on Tuesday.Get the full...
View ArticleSingapore companies among the world's most prolific users of data mining
SINGAPORE - Almost all companies in Singapore are capturing customer details for data mining use, a study has found.Recruitment firm Robert Half found that 96 per cent of companies here are capturing...
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