S'pore is world's fourth biggest forex market
SINGAPORE Moving ahead of Switzerland, Singapore is now the fourth largest foreign exchange centre in the world. |
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Carrefour looks to be on shopping list of FairPrice, Dairy Farm
SINGAPORE The first round of an auction that began yesterday for the Southeast Asian operations of French retailer Carrefour attracted bids from private equity firms and retail chains in Europe and Asia including Singapore's NTUC FairPrice, sources close to the deal said. |
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Business loans dip 0.4% in July
SINGAPORE Bank lending growth slowed in July as loans to businesses fell slightly, putting added pressure on banks already struggling to boost lending income amid low interest rates and heightened competition that is squeezing loan margins. |
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Three-Minute Digest
SINGAPORE'S economy could expand by a record pace that exceeds the government's 13 to 15 per cent forecast, estimates by private sector economists show. |
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Economists push past official GDP forecast
SINGAPORE The Singapore economy could expand by a record pace this year that exceeds the government's 13-15 per cent forecast, a survey of private sector economists shows. |
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Eng Hen details changes to secondary education
SINGAPORE More pathways are being carved out in secondary education to smooth progression into higher education or employment, and offer students greater choice from 2012 onwards. |
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NTU-Imperial medical school to admit 50 students in 2013
SINGAPORE'S third medical school will take in its first 50 students in 2013, Education Minister Ng Eng Hen said on Tuesday, sharing details on the partnership between Nanyang Technological University NTU and Imperial College London. |
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Petronas buys BP stakes in 2 petrochemical plants
MALAYSIAN national oil company Petronas signed a US$363 million deal yesterday to buy BP's interests in two petrochemical plants in the north-eastern state of Terengganu. |
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Economy the focus with end of US combat mission in Iraq: Obama
WASHINGTON US President Barack Obama said that with the end of the American combat mission in Iraq, the United States must focus on the 'urgent task' of bolstering the economy because the nation's strength is rooted in prosperity at home. |
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Govt stands its ground on cross-carriage
SINGAPORE The authorities here look set to press ahead with a controversial mandate that compels pay-TV operators to share exclusive programming - despite widespread protests from content suppliers. However, the government has decided to delay the implementation of the policy by up to nine months to give the media industry more time to adjust to the new regime. |
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SMX off the blocks, focuses on getting it right
SINGAPORE The Singapore Mercantile Exchange SMX finally began operations yesterday, after some two years of planning and preparation. |
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Reforms to defence export laws will boost jobs, security: Obama
WASHINGTON President Barack Obama yesterday announced moves to reform US export rules, hoping to boost trade while hampering the sale of sensitive technology. |
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DC rate hikes keep step with property recovery
SINGAPORE As expected, the government has raised development charge DC rates for residential, commercial and industrial uses starting today on the back of Singapore's broad-based property market recovery. |
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Purchasing power of Asia's middle class rising rapidly: ADB
in Tokyo |
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US stocks recover on consumer confidence data
NEW YORK A surprise jump in consumer confidence gave US and European stocks a lift. |
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Telcos take their fight to the next level
SINGAPORE Local telcos SingTel, StarHub and M1 are taking their bitter rivalry from this generation to the next in a services showdown on Singapore's next information superhighway. |
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AIA's business is in good shape: Tucker
in Hong Kong |
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Govt payments to NSmen: When and how
SINGAPORE The government will pay monetary awards to Singapore national servicemen NSmen who reach major milestones in their national service NS from Aug 29, to recognise their contributions, the Ministry of Defence Mindef said yesterday. |
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Impact of new measures on loans growth likely to be small
SINGAPORE New government measures to cool the property market and curb speculation in the resale market for HDB flats could cause headaches for banks here due to the extra checks needed for home-loan applicants, but the impact on loans growth will likely be small, a check by BT shows. |
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Govt keeps heavy guns aside, but who will take a hit
THE government has just announced the latest instalment in its gentle therapy of a series of calibrated measures to try and rein in the acceleration in home prices. |
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