News

St Regis Residences penthouse sold at $15.8m loss

The sale was executed in Tokyo and took just two weeks to complete, instead of the usual eight to 12 weeks. -My Paper

S'pore employers cautious about hiring: Survey

ManpowerGroup poll shows only 16% expect Q2 staff strength to grow. -ST

'Younger workers can save enough to retire'

They must keep working, buy HDB flat within their means, says minister. -ST

Singaporeans top real-estate buyers among Asians

They account for a third of $55b region's investors spent on property worldwide. -ST
Businesses like banks, gyms can operate in some industrial areas

Businesses like banks, gyms can operate in some industrial areas

A URA circular dated Monday noted that clinics, banking halls and gyms are basic amenities that serve industrial workers' needs. -ST

Keppel to deliver another three jackup rigs to Mexico

The three identical rigs were named CANTARELL I, CANTARELL II and CANTARELL III, after the Cantarell oil field in offshore Mexico. -AsiaOne

'The True Cost' attacks the business of fast fashion

According to the film, the three worst disasters in the history of the global fashion industry happened within the same year, killing more than 1,500 people. -CNBC

Companies urged to give SG50 bonus

National Trades Union Congress (NTUC) assistant secretary called on companies that are doing well to reward workers for their contributions towards Singapore's economic progress. -ST

Average salary for Taiwanese college grads back at $1,200

The MOL conducts an annual survey on the salary conditions in various Taiwan industries. -China Post/ANN

Alibaba sets up bad-loans auction site

The e-commerce giant has announced a strategic partnership with China Cinda Asset Management Co to help dispose of troubled assets. -China Daily/ANN

76 per cent of working class in Taiwan get no pay raise

Five per cent of the companies decreased salaries instead, officials added. -China Post/ANN

Stiffer rules on moneylending to be rolled out soon

The key change is the 4 per cent cap on interest rates, including late-payment interest, which is aimed at giving borrowers more protection. -ST

Side jobs prove handy for MAS staff

By Monday, 20,000 MAS employees are expected to get their termination letters or an offer to work in MAS Bhd. -The Star/ANN

Complete overhaul for MAS

New CEO to create more than 10 subsidiaries, each will be will be given KPIs to monitor cost and deliverables. -The Star/ANN

1MDB to be wound down by next year

The reduction of its debts will allow 1MDB to "downsize" operations significantly and transfer the remaining liabilities to its three subsidiary companies. -The Star/ANN

From taxi driver to city builder

He was "Mad Maha Sinnathamby" for wanting to build a city in Brisbane. -The Star/ANN

Neo Group sees robust growth in earnings

Net profit for the period to March 31 rose 15.7 per cent, compared with the 12 months to Jan 31 last year. -ST

Pages