Vandalism a perennial problem in KL
Escalating property prices in the city do not affect the 60,000 households who continue to enjoy living in the city for a nominal RM124 (S$48) rental per month, thanks to Kuala Lumpur City Hall...
View ArticleAirAsia plans US$304.4 million (S$391.5 million) Islamic bond
AirAsia Bhd has proposed to set up a sukuk mudharabah (certificates of equal value issued with the aim of using the contribution on the basis of partnership contracts via profit sharing mechanism)...
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Fewer service firms, factories see better outlook
The services sector is slightly gloomier about prospects for the next six months than it was three months ago.Just 18 per cent of firms see a better business outlook, and 11 per cent are downbeat,...
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GIC to buy 20% stake in Turkish real estate firm
SINGAPORE - Singapore sovereign wealth fund GIC is buying around 20 per cent of Turkish real estate company Ronesans Gayrimenkul Yatyrym (RGY) for €250 million (S$405 million).The deal - GIC's first...
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Lake Life to go on sale at lower prices
Despite red-hot initial interest from buyers, Jurong Lake District's Lake Life project is going on sale at prices slightly below the initial indicative level.Lake Life is the first new executive...
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Robust growth boosts UOB's Q3 earnings by 18.7 per cent
Robust growth across the board helped United Overseas Bank (UOB) rack up a record net profit in the third quarter.Earnings for the three months to Sept 30 rose 18.7 per cent to $866 million over the...
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8 reasons why taking a break boosts productivity
As much as work has to be done, workaholics will head towards an inevitable burnout if they refuse to shake off the compelling need to hit work targets, a report on Lifehack points out. More so if they...
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The richest women in the world
Christy Walton, who inherited a portion of the Walmart fortune after her husband's death in 2005, is the richest woman in North America and the world with an estimated net worth of US$37.9 billion...
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Strong loans growth lifts OCBC's Q3 performance
OCBC Bank showed off contributions from prized acquisition Wing Hang Bank in its latest results as it steps up efforts for a bigger slice of the Greater China pie.But China unit, Bank of Ningbo, nearly...
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Banks feeling pressure as new home loans fall
Local banks are feeling the pressure from the slowing property market as bad debts filter through and new home loans fall.OCBC chief executive Samuel Tsien told a briefing yesterday that the number of...
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SGX introduces new regulatory framework for secondary listings
The Singapore Exchange (SGX) is introducing a new regulatory framework for secondary listings in which additional oversight will not be required if their primary listing is from an established...
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Zico to list S'pore-based firm to raise capital
Malaysia's biggest law firm has come up with a novel way to tap capital markets while adhering to local rules that forbid non-lawyers from owning law firms.Former lawyers from Kuala Lumpur-based legal...
View ArticleJapan's easing of its monetary policies triggers market shockwaves
The Bank of Japan's surprise decision to take its monetary easing policies into what has been called "another dimension" elicited a strong response from the market, sending stock prices soaring and the...
View ArticlePublicis in talks to buy Sapient
WASHINGTON - French advertising agency Publicis Groupe is in talks to buy American firm Sapient Corp., The Wall Street Journal reported Sunday.The deal could be announced as soon as Monday but there...
View ArticleSPH pays S$30 million for 60 per cent stake in StreetSine Technology Group
SINGAPORE - Singapore Press Holdings Ltd. (SPH) (SGX: T39) today announced that its wholly-owned subsidiary, SPH Interactive Pte. Ltd., has acquired a 60 per cent equity stake in privately-held CoSine...
View ArticleThai Beverage sets ASEAN goals
THAILAND - Thai Beverage has set aside an investment budget of more than Bt30 billion (S$1.18 million) for 2015-20 to boost total revenue by nearly Bt700 billion in 2020.This is a part of the group's...
View ArticleJohor property assessments expected to rise
JOHOR BARU - The annual assessment for properties in the state is expected to rise following the state government's decision to revise the value of properties across the board.However, Johor Mentri...
View ArticlePenang-based firms upbeat on test equipment, LED industry in 2015
GEORGE TOWN - The first quarter of the year is usually a relatively slower period for the electronic sector. However, some Penang-based test equipment companies are projecting a good first quarter for...
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