Top Stories
[SINGAPORE] From boardrooms to treasuries and trading desks, a breakup of the eurozone is now looking like a distinct possibility.
Companies
SP AusNet, the Australian electricity distributor 51 per cent owned by Singapore Power, will raise A$434 million (S$547.2 million) in a share offer to existing investors to help fund expansion, Bloomberg reported.
Singapore
A MULTITUDE of schemes are being rolled out to aid construction firms, which can expect construction costs to go up by 4-6 per cent per project, if they do not adopt more labour-saving methods.
Economy Watch
[BERLIN] "Akropolis Adieu!" screams the cover of the latest issue of the usually understated Der Spiegel news weekly, a sign that the topic of Greece leaving the eurozone is gradually becoming less taboo.
Asia Pacific
[JAKARTA] Indonesia's government expects the economy to expand between 6.8 per cent and 7.2 per cent in 2013 from the more modest 6.5 per cent target of 2012, despite uncertainty in the global economy.
India
[MUMBAI] The Indian rupee hit a record low against the US dollar yesterday as risk aversion in global markets added pressure on a currency already under fire from fiscal and current account deficits that are weighing on growth.
World
[ATHENS] Greece put a senior judge in charge of an emergency government yesterday to lead it to new elections on June 17 as bankers sought to calm public fears that political chaos was causing panic and a run on deposits.
Transport Hub
A MALAYSIAN bank's research unit has predicted that budget carrier AirAsia will surprise the market on the upside in its first-quarter results - due on May 23 - and has pegged its "fair" value at RM4.20 a share, 17 per cent above its current market price.
Editorial & Opinion
[NEW YORK] The euro recovered from a four-month low against the US dollar yesterday on expectations that Germany and France will act together to keep Greece in the eurozone, though the single currency remained pressured with investors not convinced Greece won't chart its own course.
Arts
IF there was ever a time to carry a wooden stake around with you, this would be it. Vampires have come to town and they're planning to take over Singapore.
Dining
WHAT do you get when you cross a Japanese steakhouse with an American diner? Masa Steak and Hamburg, it seems.
Wellness
EVEN if you aren't technically in the high-risk category for stroke - having high-blood pressure or being overweight, for example - the risk of stroke is still present.
BizIT
THE Business Software Alliance (BSA) has found that the value of pirated software in Singapore last year reached US$255 million, eclipsing 2010's figure of US$233...
Young Investor
A HAMMER, harami cross, shooting star, hanging man, and dark cloud cover - these are just some of the more colourful terms a technical analyst may use.
Executive Money
MANY people have recently come to fear the use of the words "China" and "credit" in the same sentence, arguing that they should be followed by the...
Property
FAR East Organization plans to develop two hotels within its Far East Square project in the China Square location. A 37-room designer boutique hotel will be converted...
Raffles Conversation
TATA Communications is a big name in its home country of India, but on the global scene, it is very much still the new kid on the block. Originally started back in 1986...
Views From the Top
Do you agree that rising COE prices are affecting individuals and businesses adversely? Can the problems be solved by tweaking COE and vehicle-growth policy, or does...
