SINGAPORE—The Singapore government unveiled more measures to stabilize prices in the city-state’s housing market, which it says could rise beyond “sustainable levels.” The moves come less than five months after an earlier set of measures aimed at curbing speculative activity in Singapore’s property market and at a time when Asian economies face mounting inflationary pressures …
BEIJING (AdAge.com) — Chinese shoppers are going beyond popular online e-commerce categories like apparel, cosmetics and books. Sales on Alibaba Group’s Taobao for home furnishings and food surged last year by 120% and 95%, respectively, and diapers, mobile phones and light fixtures are fast-growing categories. At 420 million, China is the world’s biggest internet market …
Workers should be allowed to draw down their Central Provident Fund (CPF) savings at the age of 60. That was the stand of the Workers’ Party (WP) who said that the CPF drawdown age should not also be linked to the retirement age. On Tuesday, the two MPs from the WP, Mr Low Thia Khiang …
THERE will be fewer new drivers on the road this year compared to last year, going by fresh statistics from the Traffic Police. The number of people taking up lessons to get their driving licences is estimated to have dipped by 30 per cent between the period from January to September last year, and the …
Singapore – In light of new financial regulations, banks have plans to raise fixed pay for staff, a trend which Standard Chartered Bank Asia’s chief executive, Jaspal Bindra describes as “worrying”. In December, the European Union (EU) approved regulations that restrict how much senior bankers can receive in bonuses, in an effort to curb excessive …
SINGAPORE: The starting pay for fresh polytechnic graduates rose 5.3 per cent last year, to an average gross monthly salary of S$1,871. Post-National Service (NS) diploma holders earned an average gross monthly salary of S$2,183, an increase of about 2.5 per cent from 2009. During the economic downturn in 2009, post-NS diploma holders’ gross average …
REVENUE from the integrated resorts (IRs) between April and November last year may have hit about $420 million but collections from other gambling activities have fallen. Second Minister for Finance Lim Hwee Hua said this in Parliament on Tuesday. Levies charged for entry at the IRs raked in $130 million for the Totalisator Board during …