Feedback sought on Private Education Bill
CAN there be a rule to ensure that newcomers to the private education industry have at least $500,000 of start-up capital and provide a certain number of classrooms?
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Rise of the new entrepreneur?
TRUE to the enterprising spirit of the genre, an upcoming event for entrepreneurs, The BlueSky Festival, focuses on what's positive in the current downturn. The theme of the event is Growth Opportunities in Difficult Times. Historically, difficult times have often catalysed great business breakthroughs. This time, too, the conditions appear ripe for a flowering of new business ideas.
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Singapore firms take lion's share of rights pie in Asia
AS rights issues reached a record high in the cash-strapped Asian region during the first half of 2009, Singapore companies took the lion's share of the rights issue pie with 64.8 per cent of the US$9.8 billion raised, according to data from Thomson Reuters.
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A battle to retain air hub status: MM Lee
(SINGAPORE) The restructured Civil Aviation Authority of Singapore (CAAS) and the newly corporatised Changi Airport Group will have to work together to ensure that Singapore retains its stature as a premier aviation hub.
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ANZ in pole position to buy RBS ops here
(SINGAPORE) ANZ - which appointed Lee Hsien Yang to its board this year - is said to be closing in on its bid to buy over some of the Asian operations of Royal Bank of Scotland (RBS), including those in Singapore.
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Tough prison, rough inmates await Madoff
(NEW YORK) Bernard Madoff, sentenced to a prison term six times longer than those given to the chief executives of WorldCom Inc and Enron Corp, will likely serve his time in a harsher prison than those white-collar inmates.
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Enforce the stay-home order
MORE than 4,600 first- year students at Republic Polytechnic are staying home this week instead of going to school, as latest figures show the institution has 66 confirmed H1N1 cases - the largest local cluster in Singapore.
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S'pore market cap surges 38.7% in H1
(SINGAPORE) The first half of 2009 saw a roaring 38.7 per cent surge in market capitalisation for the Singapore stock market, even though the gain in June was more like a whimper.
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Dream home draws to nature
The Laus took three years to build their dream home, and the result is a two-storey house which is in tune with the tropics - open, airy and comfortable, yet modern and practical. -BT
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In the spirit of ecstasy
Through world wars and global recession, Rolls-Royce holds its head high as the standard bearer of ultimate luxury. -BT
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When work is also play
Christopher Long turned his weekend hobby into a full-time profession - a collector of vintage watches into a manufacturer of Swiss-made designer timepieces. -BT
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King of Pop's death sparks buying frenzy here
MICHAEL Jackson's death has revived demand for his music here. Music retailers Gramophone, HMV, That CD Shop, and Sembawang Music have all reported spikes in sales of the late King of Pop's products, following the unexpected news of his death yesterday morning.
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Departed MJ leaves behind tangled finances
THE king is dead, his musical legacy untarnished but his business legacy uncertain. For a man who had teetered on the brink of bankruptcy, Michael Jackson left television stations and his record label Sony Music a multi-million-dollar farewell gift. Hours after the 50-year-old king of pop was pronounced dead at the UCLA medical centre on Thursday, his CDs were flying off the shelves across the world. MTV Asia also started airing tributes yesterday, with programming set to extend through the weekend. Jackson suffered a heart attack at his home in Beverly Hills, Los Angeles. His passing marks the end of the era of hundred-million record sales and more immediately, leaves his promoter AEG Live facing a liability of almost US$500 million, according to The Times of London. In death, as in life, immense wealth, and the prospect of it all vanishing in a moment, seem to stalk the man who redefin
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CIMB sends 40 more remisiers home
ANOTHER trading room was closed at CIMB-GK Securities' Raffles Place office yesterday and an additional 40 remisiers were sent home, after a second remisier from the company was diagnosed with the H1N1 virus.
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Connecting 5-star and charity
A five-star hotel and a credit card company are doing their bit to connect tourists and the less fortunate in Cambodia. -BT
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Parking here still relatively cheap
COLLIERS International's latest annual survey of parking rates in central business districts (CBDs) worldwide reveals that Singapore is still one of the lower-priced cities to park a car, based on average monthly car park rates.
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S'pore wealth chart shrinks by 22%
(SINGAPORE) The number of wealthy Singaporean individuals fell 21.6 per cent to 61,000, largely due to losses in the equity and property markets, according to Merrill Lynch and Capgemini's latest wealth report.
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H1N1 flu comes to Raffles Place
(SINGAPORE) It was just a matter of time, but the H1N1 flu has finally landed in the heart of Singapore's financial district.
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Singapore wealth chart shrinks by 22%
The number of wealthy Singaporean individuals fell 21.6 per cent to 61,000, largely due to losses in the equity and property markets. -BT
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Chemoil founder's family may sell stake
Family is in talks with top commodity trader Glencore. -BT
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HSBC lays off 20 employees
Cuts come from marketing and investment sides. -BT
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Chemoil founder's family may sell stake
(SINGAPORE) Chemoil founder Robert Chandran's family members may finally be able to divest their majority stake in the company they inherited from him. Reuters yesterday reported that the family is in talks with top commodity trader Glencore to sell its 51 per cent share in the marine fuel supplier.
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How a barred contractor got Mindef work
(SINGAPORE) What do you do if you are a contractor banned from tendering for government projects? You bid as a sub-contractor.
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HSBC lays off 20 employees
THE shakeup in the private banking industry here continues with HSBC now retrenching 20 people. This follows similar - and in some cases, ongoing - layoffs at other private banks.
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Hyflux inks tech pacts with ABB, Dutch group
HYFLUX has signed two agreements for technology collaboration - one with Swiss engineering company ABB, and the second, with the Dutch Technology Foundation.
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NTU researcher makes a splash with award
SIX months ago, right in the heart of the global economic downturn, Singaporean scientist Adrian Yeo still took the plunge to set up his own company.
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SGX's public rap for China Yongsheng
(SINGAPORE) China Yongsheng, the former Global Ariel, received a public reprimand from the Singapore Exchange (SGX) yesterday for breaching its listing rule on timely disclosures.
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Yellow Pages flagged in going concern alert
(SINGAPORE) The iconic yellow book firm has had attention drawn to its own books by its independent auditor. Yellow Pages (Singapore) Ltd was flagged in a going concern notice by PricewaterhouseCoopers LLP (PwC) yesterday.
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Simon Cheong sells Village Centre, again
(SINGAPORE) Developer Simon Cheong has pulled a rabbit out of his hat by making money from the same set of properties for a second time.
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New projects enjoy strong weekend sales
(SINGAPORE) There seems to be no let-up in home sales.
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