Full convergence on accounting standards no longer achievable: IASB
FULL convergence with the United States - leading to the creation of one single set of global accounting standards - is no longer an achievable project, said Hans Hoogervorst, chairman of the International Accounting Standards Board (IASB), at the Singapore Accountancy Convention (SAC) on...
EDITORIAL & OPINION
Opinion
IN recent years, we have seen a steady decline in corporate tax rates globally. In the Corporate and Indirect Tax Rate Survey 2014 released by KPMG in April this year, it was found that almost one in six countries included in the survey had cut their corporate tax rates in the prior 15 months.
By clarence goh
[SINGAPORE] Under intense pressure and an unforgiving timeline to whip up a revival plan for tragedy-struck Malaysia Airlines (MAS), Khazanah Nasional, majority owner of the national carrier, is expected to submit a broad plan to take the airline private to Malaysian Prime Minister Najib Razak next week.
Companies
SINGAPORE Airlines (SIA) chalked up a 71.4 per cent drop in net profit to S$34.8 million for the first quarter ended 30 June, 2014, as revenue declined and share of losses of associated companies soared.
Singapore
REFORMS in Tianjin, and the city's integration into the Beijing-Tianjin-Hebei economy, will bring new opportunities for Singapore companies.
Singapore Markets
AT yesterday's close, these were the main market statistics - the Straits Times Index fell 2.43 points to 3,353.65, volume was a low 1.8 billion units worth S$988 million and there were 145 rises versus 294 falls, excluding warrants.
Indonesia
[SINGAPORE] The incoming president of Indonesia, a holdout in South-east Asia's pact to fight haze, is backing Singapore's plan to wield heftier fines against overseas polluters as long as sovereignty is respected.
China
[BEIJING] Two influential former Chinese leaders gave their consent for President Xi Jinping to investigate ex-domestic security chief Zhou Yongkang, sources say - a sign that the corruption probe will not open a rift in the ruling Communist Party.
India
[MUMBAI] Indian companies are borrowing a record amount of euros as Prime Minister Narendra Modi's economic plan boosts offshore demand for the nation's assets at a time when European interest rates are at an all-time low.
World
[EDINBURGH] Europe's debt crisis is a fading memory, its most-indebted nations have never been able to borrow so cheaply and growth is returning, yet German bonds, a key gauge of economic malaise, are setting the sort of records usually reserved for times of turmoil.
Transport Hub
[SINGAPORE] Faced with snaking queues at immigration, overflowing baggage carousels and expensive flight delays, Asian nations are rushing to build hundreds of new airports to cope with surging demand for air travel in the region.
Editorial & Opinion
IN recent years, we have seen a steady decline in corporate tax rates globally. In the Corporate and Indirect Tax Rate Survey 2014 released by KPMG in April this year, it was found that almost one in six countries included in the survey had cut their corporate tax rates in the prior 15 months.
Dining
SO I had lunch the other day with my alter ego: a penny-pinching, bulk-buying, conveyor belt sushi-guzzling consumer activist who once campaigned against selling doughnut holes separately from the doughnuts they came from.
Travel
MOST people visit Bali, enjoy a couple of days at their resort, go to the beach, do some temple sightseeing, then head home.
Home & Garden
AT 70, most people are likely to be taking it slow, enjoying the finer things in life. But not American architect Thom Mayne. Instead, his life has gotten even busier.
Young Investor
NICKOLE Gambrill is still paying the price for graduating college at the wrong time. She and other students who earned diplomas in the aftermath of the deepest US...
BizIT
IMAGINE a co-worker on the factory floor who doesn't need a lunch or tea break. Plus, "he" has as much energy at the start of the day as at the end of it - and sometimes...
Dining Out
SO I had lunch the other day with my alter ego: a penny-pinching, bulk-buying, conveyor belt sushi-guzzling consumer activist who once campaigned against selling...
Executive Money
[SHANGHAI] TRADERS in Chinese stock-index futures are sending a bearish signal after benchmark gauges surged to the highest levels in seven months.
Property
ISKANDAR Regional Development Authority (IRDA), the statutory authority for regulating and driving the development of Iskandar Malaysia into an international metropolis...
Raffles Conversation
CAMERAS are ubiquitous these days. All smartphones have them. And just about everyone has a smartphone. When everyone has a smartphone and has it with him all the time,...
