Holders of fake $7m insurance policy sue AIA

Couple claim negligence; agent allegedly used premium to buy policies in their names. -ST

Reits free to set fees but must justify them

MAS relents in that area, will go ahead with other rules to give investors more protection. -ST

Slower increase for private sector wages in 2014

The proportion of employers adopting flexible and performance-based wage system rose to a decade-high in 2014. -AsiaOne

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

Singapore to release detailed Q2 GDP data on Aug 11

Singapore will report detailed data on GDP for the April-June quarter on August 11. -Reuters

Korea tops ratio of underpaid workers in major economies

About 1 in 7 workers in South Korea is paid the legal minimum wage or less, the highest rate among OECD member countries, a recent study showed. -The Korea Herald/ANN

Lotte chairman strives to soothe citizens over feud

Lotte Group chairman Shin Dong-bin met with group founder and general chairman Shin Kyuk-ho at Lotte Hotel in Seoul, fueling speculation that the “rebellious second son” is determined to mend ties with the infuriated father. -The Korea Herald/ANN

Mt. Gox president suspected of manipulating data from outset

Mark Karpeles, the recently arrested president of virtual currency trading firm Mt. Gox, is suspected of manipulating client data. -The Korea Herald/ANN

Weak growth, sales causes Taiwan stock plunge

Heavy selling pushed the TAIEX to its lowest point in 17 months yesterday. -China Post/ANN

Many in Malaysia stocking up on US and Singapore dollars

Speculation that the strength of the ringgit will continue to weaken has led to many stocking up on US and Singapore dollars. -The Star/ANN

Tax evaders pay up $44m to government

After the department released a list of 600 dodgers, some were found to be wrong. -VNN/ANN

Online businesses told to communicate effectively to thrive

Communications and appropriate marketing platforms play key roles in reaching an online business’s target audience. -Brunei Times

How to bounce back after losing your job

When someone loses his job – because he was fired due to poor performance or laid off due to the company’s poor performance – there is ensuing grief. -My Paper

Thai businessman finally gets minority stake in Italian club AC Milan

Thai businessman Bee Taechaubol has finally reached an agreement to buy a 48 per cent stake in AC Milan. -The Nation/ANN

The 1 thing that can wipe out your savings

It is important that you are prepared for this one situation that can single-handedly cost you your life savings. Find out what it is here. -Advertising feature