CHINA is still a long way from rebalancing its economy, but it reported a significant step in that direction yesterday: a shrinking current account surplus for 2011.
AT the $65 million Performance Motors Ltd (PML) monolithic homage to luxury on Alexandra Road, posters with the number '1' dominate the walls - a constant reminder to employees of why they show up for work.
DBS Group Holdings has posted unexpectedly strong fourth-quarter results, pushing its full-year 2011 earnings to a record $3.04 billion - the highest ever profit for a Singapore bank.