Warner Bros to cut about 1,000 jobs
Time Warner Inc's Warner Bros Entertainment will cut about 1,000 jobs from its global workforce as a part of a previously announced cost-cutting initiative, a company spokesman said.Warner Bros Chief...
View ArticleMost global companies are far too secretive about operations
WASHINGTON - Most of the world's biggest companies get a failing grade for transparency and are far too secretive about how they operate, despite mounting pressure for business to stand firm against...
View ArticleToyota says on track for record full-year profit
TOKYO - Toyota on Wednesday said it was on track to book a record US$17.5 billion (S$22.6 billion) full-year net profit, as the company also lifted its revenue estimate, citing a weak yen and cost...
View Article'CEOs doubling up as chairmen a big problem in Asia'
CEO duality, or when a chief executive officer and the chairman of its board of directors is the same person is a huge problem in Asia, said an expert in internal auditing and fraud prevention."As a...
View ArticleDBS customers can now withdraw cash at Guardian and Sheng Shiong
SINGAPORE -DBS Bank has expanded POSB Cash-Point to all Guardian Health & Beauty and Sheng Siong stores in Singapore.With any item purchase at more than 140 Guardian Health & Beauty and over 30...
View ArticleAustralia keen on China-backed infrastructure bank
SYDNEY - Australia on Wednesday said it was keen to join an Asian infrastructure lender seen as a counterweight to Western-backed international development banks, but said changes to its set-up were...
View ArticleAsian stocks mixed, dollar pushes towards 115 yen
HONG KONG - Asian markets were mixed Thursday following a record close on Wall Street, while the dollar pushed towards 115 yen for the first time in seven years, after Republicans took control of the...
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Blackstone said to be in due diligence for bulk residential purchases
Global investment and advisory giant Blackstone is said to be keen on bulk purchases of high-end residential units in Singapore. It is understood to be doing due diligence for a potential acquisition...
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Singaporeans to feel less well off despite expected 4.5% pay rise in 2015
SINGAPORE -The latest Salary Trends survey by ECA International shows an average of 4.5 per cent salary increment in 2015 for Singapore, making it the third lowest pay rise in the Asia Pacific region...
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CPF: Knowing the problem is the start of finding a solution
Fundamentally the CPF is more a savings plan, not really an investment plan. It pays you a fixed interest which is no doubt generous in today's environment. But it's a savings plan and relatively...
View ArticleChina's Jiangsu to buy Temasek-backed STATS ChipPAC for $2.3b
HONG KONG - China's Jiangsu Changjiang Electronics Technology Co Ltd (JCET) has agreed to buy Temasek Holdings-controlled STATS ChipPAC, valuing the Singapore company at about $1.8 billion (S$2.3...
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Malaysia Airlines goes private in bid to soar again
In the most turbulent year of its history, Malaysia Airlines (MAS) made a clear change of course as minority shareholders backed a buyout offer from parent Khazanah Nasional to take the company...
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Bid to quash HDB's seizure of flat dismissed
The High Court yesterday dismissed a flat owner's bid to quash the Housing Board's move to compulsorily acquire his flat for unauthorised sub-letting.Justice Tay Yong Kwang ruled that the application...
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Fernvale all abuzz over arrival of new mall
Separated from the rest of Sengkang by the Sungei Punggol river, Fernvale is the youngest neighbourhood in the estate and quiet compared with Anchorvale, Rivervale and Compassvale, which are named...
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Start-ups can save costs by working from home
Amid rising office rents buoyed by the active office leasing market and steady economic sentiments, it has become increasingly costly for small businesses or startups to operate in Singapore. Small...
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Being Santa for a day
'Tis the season to play Santa again and pop a present or two under the Christmas tree. If you are time poor but resource rich, you can still be the extravagantly generous St Nicholas making Christmas a...
View ArticleWe say white coffee, you say latte
"When I was young, I had to walk to school."How many times did our parents grate us with tales of their old "hard times" and how lucky we were to have buses and cars?Well, guess what? We might just be...
View ArticleWe are still all right, say the kids
You could almost hear the vitriol online when Minister in the Prime Minister's Department Nancy Shukri cautioned youths about "living beyond their means."Quietly, though, most admitted that some of...
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