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Mining magnate tops Australia's 40 richest list
Gina Rinehart saw her fortune double.
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World's 'richest-in-waiting' in family feud
Details emerged of a legal tussle with her children over part of the fortune. -AFP |
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Analysts zero in on SMRT's mounting costs
The pressure of operating costs is not expected to let up in Q4.
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Impact of China's reserve-ratio cut
This is the second time in three months that China has cut its reserve ratio. |
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Budget highlights challenges facing policymakers: economists
S'pore must review its economic model to raise productivity, says one. -BT
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Singapore inflation at 8-month low, pressures remain
Core inflation +3.5 pct y/y vs +2.6 pct in Dec. |
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It may be time to revisit structured products
Structured notes that had been backed by Lehman Brothers' credit lost value, even if the notes had offered principal protection. -BT
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MAS head on how countries can ward off financial crises
The head of Singapore's central bank has outlined a three- pronged defence that countries should adopt. -BT |
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Elderly investors fail to revive $6.28 mil lawsuit against UBS
The plaintiffs are expected to appeal Justice Woo's ruling to the Court of Appeal. -BT
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Facebook IPO: Is it downhill from here?
Its honeymoon with investors may already be over.
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Property developers hope for Budget incentives
Some say move could also help cool the real-estate market.
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Few 'like' Facebook's status update
IPO may value company at US$100b, but only early movers are happy; others remember tech bubble. |
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Insurance to cost more in areas hit by natural disasters
Singapore market to remain soft and competitive: broker.
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Analysts zero in on higher bad debt reserves at MBS
This is despite Q4 Ebitda of US$427m on 44% higher net revenue of US$807m. |
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Cut in Aussie cash rate likely
AUD/USD bouncing off the uptrend line. -myp
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S'pore stocks: Cautious start likely; Tiger Airways in focus
Greece decision taking edge off investors' appetite. -Reuters |
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Retail investors here more gloomy
Close to 60 per cent of the 502 respondents think that the Singapore economy is unlikely to get better. -myp
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S'pore investors, consumers, CEOs more pessimistic now
This falls short of a crisis in confidence. |
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Asian mandatory convertible bond may make debut
Investor sentiment in sharp turnaround from H2 2011 as markets stabilise.
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Budget in a year of pain and change
Budget 2012 comes at a time when the economy is overcast with uncertainty. -BT |
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Billionaire casino moguls to play best hand, in court
Ironically, it was Okada who helped bankroll Wynn's comeback. -Reuters
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Singapore to announce detailed Q4 GDP data on Feb 16
Most economists expect the final GDP numbers to show an improvement over preliminary figures. -Reuters |
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DBS Q4 profit up 8%, posts record annual profit
Annual profit of $3.04 billion the highest ever.
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Employers concerned over higher CPF contribution rates
Raising employers' CPF contribution rates would result in higher business costs. |
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Cupid targets the Fed with early Valentine tweets
The US central bank and many economists who spend countless hours monitoring its decisions began their Valentine's Day flirtations a bit early.
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Singapore unveils planned OTC derivative shake-up
Interest rate swaps, FX NDFs might be centrally cleared. |
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Bank bonuses aren't what they used to be
Drop in foreign bank bonuses; mixed bag at local banks.
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CPF OA interest rate to stay at 2.5 per cent
An extra 1 per cent interest will continue to be paid on the first $60,000 of a member's combined balances. |
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Budget Statement to be delivered at 3.30pm on Friday
News updates will be available on AsiaOne.com as it is being delivered. -AsiaOne
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Singaporeans voice top 3 concerns for Budget 2012
Social issues, employment matters and the economy were among Singaporeans' list of top concerns. -AsiaOne |
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Singapore budget to focus on infrastructure, poor
Singapore is expected to use its Feb 17 budget to help its citizens cope with risingcosts through grants and one-time payments. -Reuters
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Poorer rich Malaysians - no thanks to global crisis
The combined wealth of Malaysia's 40 richest individuals declined this year. |
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Budget 2012 Speech (Part 1): Economic Performance
An Inclusive Society, A Stronger Singapore. -AsiaOne
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Budget's mission to build an inclusive society and a stronger Singapore
The Government will focus on upgrading the economy and develop deeper skills to sustain growth and create better jobs in every vocation. -AsiaOne |
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S'pore economy to grow between 1- 3% in 2012
Singapore is already seeing weaker demand in the manufacturing sector, reflecting sluggishness in the developed markets. -AsiaOne
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Budget 2012 Speech (Part 2): Sustaining Economic Growth
The first task is to upgrade and restructure our economy, so that we can grow by becoming more productive -AsiaOne |
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Tharman: We have to reduce our dependence on foreign labour
Mr Tharman said demand for local workers had gone up in recent years, with the number of jobs created increasing and the income per household member growing. -AsiaOne
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Several measures to benefit SMEs
The Government unveils the Special Employment Credit and SME Cash Grant to help local companies grow and attract employees. -AsiaOne |
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Three groups of Singaporeans targeted in 2012 Budget
This year's Budget will be stepping up support for older Singaporeans, those with disabilities, and lower-income workers. -AsiaOne
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Budget 2012 Speech (Part 3): Restructuring to sustain growth
The Government will also provide more help for our industries to restructure and upgrade. -AsiaOne |
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Productivity and Innovation Credit scheme to be enhanced
Businesses will be given more cash upfront for their investments provide a 60% cash payout for up to $100,000 of firms' PIC expenditures. -AsiaOne
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Tobacco tax to increase by 20%
The excise duties for beedies, "ang hoon" and smokeless tobacco will be increased by 20%. -AsiaOne
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Budget 2012 Speech (Part 4): Enhancing our transport system
The Government will provide funding for 550 buses while the public bus operators will add another 250 buses. -AsiaOne
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Singapore to slow growth of its foreign workforce: Tharman
Dependency Ratio Ceilings will be reduced in the Manufacturing and Services while foreign worker levy may be increased. -AsiaOne |
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Owners of low carbon emission cars to enjoy rebates
Owners of car models with low carbon emissions will enjoy rebates on their vehicles Additional Registration Fee (ARF) of up to $20,000. -AsiaOne
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Enhanced Training Support for SMEs
The current training support schemes are to be enhanced to help SMEs upgrade the skills of their workers, said Mr Tharman Shanmugaratnam. -AsiaOne
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Budget 2012 Speech (Part 5): A fair and inclusive society
Equally, we are stepping up social policy: to provide greater economic security for the elderly and Singaporeans with disabilities. -AsiaOne
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$1.1 billion to increase bus capacity by 20%
The government will provide funding for 550 buses while the public bus operators will add another 250 buses. -AsiaOne |
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Increased CPF contribution rates for older workers
The CPF contribution rates for older Singaporean workers aged 50 to 55, 55 to 60 and 60 to 65, will be raised from Sept 12 onwards. -AsiaOne
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Special tax lowered for Euro V-compliant diesel cars
The revised tax structure will result in savings of nearly 70 per cent for owners. -AsiaOne |
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Tax schemes to be enhanced to help local companies: Tharman
Responding to public feedback, the Government said they will be making amendments to two schemes to help businesses refresh their premises and encourage mergers and acquisitions. -AsiaOne
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Silver housing bonus of $20,000
The Government will be giving elderly citizens who wish to sell their existing flats and purchase 3-room or smaller HDB flats a housing bonus scheme of $20,000. -AsiaOne |
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Budget 2012 Speech (Part 6): Better Healthcare, from Hospital to Home
Yearly healthcare expenditure will be doubled from $4 billion to about $8 billion over the next five years. -AsiaOne
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Budget 2012 Speech (Part 7): Budget position
For FY2012, a small basic surplus of $1.3 billion is expected, which is close to a balanced budget at 0.4% of GDP. -AsiaOne |
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Additional Transfer Fee for vehicles removed
In addition, the Transfer Fee for all vehicles will be revised to a nominal $11. -AsiaOne
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More support for disabled S'poreans
Under Budget 2012, Singaporeans with disabilities will be extended more support for each stage of their lives, from childhood, employment, and old age. -AsiaOne |
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One-off top-up for Medisave
A one-off Medisave top-up to all Singaporeans currently on MediShield will be provided by the Government to help them adjust to the premium increase. -AsiaOne
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Govt to do more to help older Singaporeans live comfortably
Singapore has to overcome two challenges - helping the growing number of older Singaporeans live comfortably and containing the inevitable widening income gap. -AsiaOne |
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More support for children from lower-income families
The Government has introduced a slew of measures to provide more support for children from lower-income families. -AsiaOne
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Singapore expects overall FY12/13 budget surplus of S$1.3 bln
Singapore expects an overall budget surplus of S$1.3 billion for the fiscal year ending March 2013, down from the estimated surplus of S$2.3 billion for the current FY. -AsiaOne |
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Singapore to further curb foreign worker inflow
Singapore will further restrict the inflow of foreign workers. -AFP
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Singapore to reduce quotas for foreign workers
Manufacturing companies will have to cap the percentage of foreigners they hire to 60 per cent of the workforce. -Reuters |
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$3.6 billion to go to GST Voucher Fund
He stressed that the GST voucher, costing $680 million for 2012, will be a long-term feature of Singapore's fiscal system and not a scheme of temporary offsets. -AsiaOne
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Budget 2012: More help for the needy, less foreign workers in the future
Budget includes greater spending on healthcare and public transport as well as higher grants for poorer Singaporeans. -Reuters, AsiaOne |
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Older women may be left out of budget initiatives: Aware
Moves to increase CPF contribution rates and to offer incentives for employers to hire older workers are good, but it may not benefit all, said the group. -AsiaOne
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Enhanced childcare affordability for low income parents
Especially for the preschool sector, she said that it is important that Singapore provides more accessibility and affordability for parents. -AsiaOne |
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To go or not to go for property investment talks
Can't make up your mind on whether you should spend that few thousand dollars on a property investment talk? Find out more here. -AsiaOne
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Singapore seeks gold hub status with tax-free bullion
Singapore to scrap GST on gold, aims to become bullion hub. |
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The world's richest countries
The different countries were compared based on their PPP-adjusted GDP.
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Forbes ranks Brunei fifth richest nation
Extensive petroleum and natural gas fields give the Sultanate just over $60k per capita. -Brunei Times/ANN |
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Best banks, credit/debit cards to be revealed tonight
A total of 24 consumer products and services, out of over 200 nominees, emerged winners in various categories.
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