DBS Group's year-long effort for a full takeover of one of Indonesia's larger lenders met with mixed success yesterday, after the country's outgoing central bank governor told reporters that Singapore's largest bank had won approval to buy a smaller stake.
Companies
BOUSTEAD Singapore posted a record profit, declared a generous dividend, fattened its order book and strengthened its balance sheet for its financial year ended March 31, 2013 (FY2013).
Singapore
INCREASING the use of properly licensed software has a greater impact on the local economy than allowing similar growth in the use of pirated software.
Singapore Markets
[LONDON] The yen weakened against the US dollar yesterday, halting its biggest gain in three weeks, after Japan's Economy Minister Akira Amari backed away from weekend comments that prompted the currency to rally.
Economy Watch
[WASHINGTON] US Treasury Secretary Jacob Lew warned that a "reach for yield" spawned by record-low interest rates could spur investors to engage in riskier behaviour.
Malaysia
LIEW Kee Sin might not be indispensable, but some think the chief executive of SP Setia will be "irreplaceable" for his company when he departs in the coming year or so.
Asia Pacific
[JAKARTA] Indonesia has had no shortage of scandals in its decade-long fight against endemic corruption, mostly involving middle-aged politicians, suspicious bank accounts, handoffs of briefcases in hotel elevators, or boxes of cash in the trunk of a car in a dark parking garage.
China
[HONG KONG] Goldman Sachs Group Inc raised US$1.1 billion by selling its remaining shares in Industrial and Commercial Bank of China, ending a seven-year old investment and handing the Wall Street firm a return of nearly four times its original stake.
India
[NEW DELHI] Visiting Premier Li Keqiang yesterday promised to open China's vast domestic market wider to Indian businesses and narrow a gaping trade deficit, a longstanding irritant with New Delhi.
World
THE Bank of Japan is expected to announce moves today to damp down volatility in the Japanese Government Bond (JGB) market as fears continue to mount over a possible upward spike in long-term interest rates that could jeopardise Japan's economic recovery and create a possible crisis in the JGB market.
Transport Hub
[TORONTO] Travellers actually like flying on Porter Airlines. It could be the Canadian airline's formula of offering free premium beer and sandwiches, served by flight attendants in trim 1960s-era uniforms, and, of course, the discounted tickets.
Editorial & Opinion
SINCE the 1970s, economists have warned that a monetary union could not be sustained without a fiscal union. But the eurozone's leaders have not heeded their advice - and the consequences are becoming increasingly apparent.
Dining
WHEN it comes to Thai food, you don't mess with David Thompson. He looks Australian on the outside but inside, you can't get any more Thai than the chef who made his name first Down Under and then in London's now defunct Nahm which, at its peak, held a Michelin star.
Wellness
PEOPLE with pre-existing heart conditions can join the global trend of travelling by plane, but for them, making the right holiday decisions can mean a difference between life and death.
Home & Garden
RIGHT from the start Ravin Sinan and Maha Lakshmi had an idea of how their three-storey cluster terrace home off Braddell Road should look.
BizIT
F5 Networks, which provides solutions that optimise delivery of network-based applications and security for servers and other network devices, is looking for a location...
SME Inc
ECONOMISTS traditionally assume that consumers' preferences are fixed and stable over time.
Executive Money
A LOOK at US equity ownership, investor sentiment and historical valuation reveals a compelling case for investors to have more exposure to stocks. Stocks are "under-...
Property
THE proportion of private home transactions involving foreign buyers (including Singapore permanent residents, or PRs) slipped to 20.8 per cent in April, after...
Raffles Conversation
SIXTEEN years after the Asian financial crisis of 1997/98, the International Monetary Fund (IMF) - the world's watchdog of economic health and financial stability - is...
Views From the Top
How do you view Malaysia from a business viewpoint after the election? What opportunities do you see, and what risks?
