Financial assistance from the Government of Singapore. The $15 billion cash which is now accessible to Singapore Airlines (SIA) is a valuable lifeline that comes at a time when the carrier group is facing an unprecedented, existential threat. Yes, it is a sad and unfortunate place to be in for the most admired and awarded …
Based on a true story of 5 elderly buddies who had a dream… to go round Taiwan on their motorcycles. What makes it heartening was that they actually brought along a portrait of their demised buddy and wife (presumably). So what are you living your life for? To live longer? To keep living? To miss …
CAIRO – LEGIONS of tourists, foreign expatriates and worried Egyptians descended on Cairo airport on Sunday, desperate to get on a flight and escape the uncertainty of violent anti-government unrest. Those who could press through the traffic jam on the approach roads found a themselves in a near biblical scene of weary families, screaming children …
Beijing has lately stepped up its campaign against the country’s “fake news” scourge, with the General Administration of Press and Publications putting pressure on news organizations to dismiss journalists suspected of doctoring their stories. Ironically, the latest example of alleged news fakery comes from China’s own state broadcaster, CCTV. In a development that could further …
Global – On the same day when Yahoo! announced plans for its second round of layoffs in six weeks, Google is boasting 2011 as the biggest hiring year in company history with over 500 hires in Asia Pacific. After cutting about 700 employees last December, Yahoo! announced it will further lay off 1% of its …
BANGKOK – A THAI court has jailed an undertaker for 20 years for helping to hide 2,002 illegally aborted foetuses discovered in a Bangkok temple last year, an official said on Thursday. Suchart Phumee was initially sentenced to two months for each of the corpses after pleading guilty to two charges of concealing the bodies …
LOS ANGELES – MCDONALD’S Corp plans to raise prices this year to help offset an expected rise in its grocery bill for the 10 commodities that account for around 75 per cent of its food preparation costs. Food prices are rising around the globe and the comments from the world’s biggest restaurant chain overshadowed weaker-than-expected …
TOKYO – TOYOTA sold 8.42 million vehicles globally in 2010, remaining the world’s top automaker for the third year straight despite recall woes in the key North American market. General Motors also released a new tally Monday for its global 2010 sales, at 8.39 million vehicles, slightly fewer than Toyota’s number. Toyota’s global sales, including …
SEOUL – NORTH Korea this month publicly executed two of its citizens for handling propaganda leaflets floated across the border by South Korean groups, one of the activists said on Monday. An army officer who pocketed dollar bills enclosed with the leaflets was shot along with a 45-year-old woman who concealed one of the flyers, …
SINGAPORE : Singapore has slipped to third spot in the rankings for the most globalised economies in the world last year. The republic comes behind Hong Kong, which took the top spot, followed by Ireland, in the latest Ernst & Young Globalisation Index. The index measures the world’s 60 largest economies based on their degree …