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Interior furnishing firm launches IPO to raise $6.9m
A local firm that supplies furnishing and other finishes for condominiums and hotels launched an initial public offering (IPO) yesterday aimed at raising gross proceeds of $6.9 million.The business,...
View ArticleSPH posts $404.3m full-year net profit
Singapore Press Holdings (SPH) said net profit for the full year slipped 6.2 per cent to $404.3 million as a drop in the profitability of its key newspaper and magazine business was partially offset by...
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Qian Hu's Q3 earnings singed by China summer
Hot weather in China hammered demand in the third quarter and sent earnings tumbling at Qian Hu Corp.The ornamental fish firm recorded net profit of $79,000 for the three months to Sept 30, down 10.2...
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Hiap Hoe snaps up unsold condo units
Two bulk purchases of units on the top floors of Skyline 360° at St Thomas Walk and Signature at Lewis condominiums have raised eyebrows over the basement pricing - and the fact that the developer...
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New NUS facility a boon to offshore oil and gas sector
A new $1 million facility to test novel technologies for the offshore oil and gas sector opened in the National University of Singapore (NUS) yesterday, one of only about 10 such facilities in the...
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Singapore gears up for LNG bunkering
Singapore, the world's largest bunkering port, is gearing up to fuel ships with liquefied natural gas (LNG) by 2020, as part of a global trend to move away from oil to gas to reduce emissions.The...
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Demand for cars key reason for rise in Aug retail sales
A jump in demand for cars lifted total retail sales in August, although other segments fared less well.Retail takings rose 5.4 per cent over the same month last year, driven largely by strong car...
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Cat boosts value of family home by $156,000
Property owners have always used various methods to boost the value of their homes on the resale market. Completed renovation works, luxury furniture and celebrity affiliations are just some of the...
View ArticleExtra gifts for customers at Malaysian property fair
PETALING JAYA, Malaysia - Visitors to the Star Property Fair can enjoy special deals from various developers.For example, Mah Sing Group, which is celebrating its 20th anniversary, is offering extra...
View ArticleIMF says Singapore’s foreign worker curbs could hurt competitiveness, growth
SINGAPORE - Singapore's plans to cut reliance on foreign workers could reduce its competitiveness and growth potential while keeping core inflation elevated, the International Monetary Fund said in a...
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5-room flat transformed into sleek bachelor pad
This old HDB flat was transformed into a chic crib fit for the stylish bachelor who recently bought it off the resale market.Designers from Xin Concept decided to highlight the spaciousness of the...
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Govt pushes productivity growth in all companies
As productivity is a key priority, Government agencies have committed substantial resources to support all companies, big and small.Second Minister for Home Affairs S. Iswaran, who is also Minister in...
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Weak US data sparks sell-off
Singapore shares ended lower yesterday, with the benchmark Straits Times Index (STI) down 44.51 points to close at 3,154.21 - shedding all the gains made this year.The STI dropped below the 3,174.65...
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Vacated prime sites await word on their future
As a number of prime sites get vacated, the authorities are working out what use they should be put to.For example, it was announced last month that the Central Manpower Base (CMPB) is moving out of...
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Greek tragedy plays out on the trading floor
Investors in the Singapore market could be forgiven for feeling like victims of a Greek tragedy today. After slowly driving the benchmark Straits Times Index (STI) into positive territory, all the...
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Investors bail out amid fears for global economy
It took just a few hours to wipe out what was left of the stock market's gains this year as investors bailed out on heightened concerns about the global economy.The Straits Times Index (STI) lost 44.51...
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Retailers get help to shape up in lean times
High labour costs and soaring overheads have hit retailers hard and made Singapore a far less attractive destination for international shoppers.That was the message from industry players at the...
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Asian markets catch a cold after Wall Street sneezes
Nervous Asian markets tumbled to their lowest levels in at least six months yesterday as a host of global worries and heavy losses on Wall Street triggered a widespread sell-off.European stocks fared...
View ArticleChina growth seen at five-year low in Q3: AFP survey
SHANGHAI - China's economic growth in the third quarter fell to its slowest since the depths of the global financial crisis more than five years ago, an AFP survey projects.The country's gross domestic...
View ArticleAsia's woes weigh on luxury brands
PARIS - Protests in Hong Kong, an economic slowdown and anti-corruption drive in China and a coup in Thailand - Asia is no longer a market of constant growth for luxury goods firms.Even sales of luxury...
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