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Do hub airports boost growth?

Do hub airports boost growth?

OVER the weekend, several newspapers suggested that Britain’s Conservative government will finally be making a decision on where to build a new runway for London and the South East of England. This has become an urgent issue as the two runways at Heathrow, the capital’s biggest airport, have been operating at more than 98% capacity since […]

December 1, 2015 | By | Reply More
Time for industry to explore new ways to revitalise equity market: Deloitte

Time for industry to explore new ways to revitalise equity market: Deloitte

SINGAPORE: It is time for the industry to explore new ways to revitalise the equity market, said Deloitte, following a dearth in the Singapore Exchange (SGX) mainboard listing in 2015, as companies opted to stay on the sidelines due to volatile market conditions. According the report on Tuesday (Dec 1), which cited an absence in […]

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Sembcorp Marine issues profit warning

Sembcorp Marine issues profit warning

SINGAPORE: Sembcorp Marine said on Tuesday (Dec 1) that it expects to record a net loss for the fourth quarter ending December, due to the challenging operating environment and customers deferring or seeking to defer their rig orders. Details of the group’s performance will be disclosed on Feb 15, 2016, when unaudited financial results for […]

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Burpple digital food guide to get up to S$8.4m in funding

Burpple digital food guide to get up to S$8.4m in funding

SINGAPORE: Burpple, a digital food guide for Singapore and Kuala Lumpur, will receive up to US$6 million (about S$8.4 million) in funding to strengthen its market position and expand into other parts of Asia, the firm announced on Tuesday (Dec 1). The funds from Tembusu Partners, SPH Media Fund and Triumph Capital will be used […]

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Singapore Savings Bond: Fourth tranche to be capped at S$300m

Singapore Savings Bond: Fourth tranche to be capped at S$300m

SINGAPORE: The fourth tranche of Singapore Savings Bond will be capped at S$300 million, the Monetary Authority of Singapore (MAS) said on Tuesday (Dec 1), down from the S$1.2 billion maximum set for previous issues. For the whole of 2016, MAS will offer up to S$4 billion of Savings Bonds, with a new bond issue […]

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China factory data disappoints but yuan move lifts Asian spirits

China factory data disappoints but yuan move lifts Asian spirits

HONG KONG: China’s factory activity weakened further in November in the latest sign of a growth slowdown, data showed on Tuesday (Dec 1), but analysts said the yuan’s inclusion in a basket of global currencies was a show of confidence in the world’s number two economy. The slump to a more than three-year low in […]

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Cost and benefits of TPP will be made public this week: Mustapa

Cost and benefits of TPP will be made public this week: Mustapa

KUALA LUMPUR: International Trade and Industry Minister Datuk Seri Mustapa Mohamed said the cost and benefit analyses undertaken for the Trans Pacific Partnership (TPP) will be made public this week. Both the analyses, which were done by Institute of Strategic and International Studies and PricewaterhouseCoopers will be made available to Parliament. The independent studies will […]

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Global stocks hold Asia gains, euro rises as ECB bets waver

Global stocks hold Asia gains, euro rises as ECB bets waver

LONDON: Hints that a slowdown in China’s economy may be leveling out pushed stock markets up on Tuesday, while euro bears and bond investors had second thoughts about sky-high expectations of European Central Bank easing later this week. China’s official Purchasing Managers’ Index reached a three-year low in November. But the private Caixin/Markit China Manufacturing […]

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IE Singapore CEO to step down

IE Singapore CEO to step down

SINGAPORE: International Enterprise (IE) Singapore’s Chief Executive Officer (CEO) Teo Eng Cheong will be stepping down on Dec 31, announced the Ministry of Trade and Industry (MTI) on Tuesday (Dec 1) in a press release. Mr Teo will be joining Surbana Jurong on Jan 1 as CEO (International). He was appointed the CEO of IE […]

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India's central bank keeps interest rates unchanged

India's central bank keeps interest rates unchanged

MUMBAI: India’s central bank kept interest rates on hold on Tuesday (Dec 1), citing rising inflation and “weakness” in Asia’s third-largest economy despite recent growth. The Reserve Bank of India (RBI) said the benchmark repo rate, the level at which it lends to commercial banks, would remain at 6.75 per cent as analysts had expected. […]

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