Takashimaya in joint venture to promote Japanese products overseas
Takashimaya and e-commerce service provider Transcosmos have agreed to launch a preparatory office aimed at wholesale and retail sales of Japanese products overseas.This office will be focused on...
View ArticleUnions warn EU sleepwalking to disaster ahead of jobs summit
MILAN - European Union leaders preparing for an emergency jobs summit on Wednesday have been told to change direction or face a political and social crisis triggered by chronic unemployment. As some EU...
View ArticleMyanmar economy to post 8 pct annual growth in coming years: IMF
YANGON - The International Monetary Fund (IMF) estimated on Monday that Myanmar's economy will grow by an average 8 per cent in the coming years led by rising gas production and investment. The IMF...
View ArticleIndonesia's central bank holds interest rates
JAKARTA - Indonesia's central bank held its key interest rate Tuesday, with policymakers deciding against any changes ahead of president-elect Joko Widodo's inauguration later this month. Stocks and...
View ArticleIMF trims global growth outlook, warns of eurozone stagnation
WASHINGTON - The International Monetary Fund warned of stagnation in advanced economies Tuesday as it trimmed its growth forecast for the whole world.The global economy faces an increase in risks this...
View ArticleIMF says India economy recovered, to grow 5.6 per cent this year
NEW DELHI - India's economy has recovered from a slump, the IMF said Tuesday as it hiked its 2014-15 growth forecast to 5.6 per cent, citing better exports and investment prospects under a new...
View ArticleIMF sees US rebound, to grow 3.1 per cent in 2015
WASHINGTON - The International Monetary Fund upgraded its outlook for the United States Tuesday, highlighting its crucial role again as the growth leader among advanced economies as the eurozone and...
View ArticleBattered Russian economy faces more pain over Ukraine: IMF
MOSCOW - Russia's already battered economy will struggle to recover from the fallout of the crisis in Ukraine as uncertainty looks set to drag down growth around the former Soviet Union, the IMF warned...
View ArticleBritain secures first guilty plea in rate rigging probe
LONDON - A senior banker at a leading British lender has become the first person to plead guilty to UK charges linked to a global inquiry into the alleged rigging of benchmark Libor interest rates, a...
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Price of condo land in acquisition case comes under debate
What is a fair price for a slice of land in a condominium complex, used for 13 carpark spaces, an electrical substation, trees and drains, has come up for debate in a land acquisition dispute.Residents...
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Parliament: Flexi-work schemes better way to boost work-life balance, says...
SINGAPORE - Getting employers to adopt flexible work arrangements is a more pragmatic and feasible way to promote work-life harmony than reducing the official number of working hours, Manpower Minister...
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Parliament: Those unable to work for medical reasons can apply for early CPF...
SINGAPORE - Procedures are in place for Singaporeans who cannot work because of medical reasons to apply for early withdrawal of their retirement savings, Manpower Minister Tan Chuan-Jin said on...
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Parliament: Take-up rate of reverse mortgages in other countries "quite...
SINGAPORE - Reverse mortgage plans, which allow a property owner to convert some of his home's value into cash while still living in it, are not popular in other countries, noted Minister for National...
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Riding on robots to rev up productivity
At the start of National Productivity Month, The Straits Times takes a look at the next wave of productivity innovation - robots.First, it was the rise of the machines. Now, the robots have arrived.In...
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Inflation stable, but strong Sing$ policy likely to stay
Inflation in Singapore has stabilised and the pace of economic growth slowed in the second quarter, but the central bank is not expected to ease up on its policy of a strong currency.The Monetary...
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Indian, Indonesian, Thai bourses top performers: Report
Major political developments in three key Asian nations this year seemed to have spurred their share markets, according to Fundsupermart.India, Thailand and Indonesia all reported double-digit gains...
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Credit bureau scene could do with more competition
Credit bureaus, which compile data on borrowers to determine if they are creditworthy, have been in the news lately with a new licensing scheme proposed by the Monetary Authority of Singapore (MAS).The...
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Singapore companies have the edge in Muslim tourism
Sixty million yen (S$700,000) and six months: that's what TFK Corporation recently spent on renovating a kitchen in Tokyo's busy Narita airport and preparing it for halal certification.The prize for...
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Linking needy to jobs in their neighbourhood
Mom-And-Pop provision shops and market stalls in Marine Parade struggle to find workers.At the same time, many residents of the fast-greying constituency struggle to land jobs due to disability,...
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Early-bird discounts lift Marina One sales
Discounts for early-bird buyers helped sales take flight at the Marina One integrated development over the weekend.Of the 1,042 private homes in the project, about 100 have been sold in bulk sales of...
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