Correspondent

MAS on Hyflux debacle: We did our part but investors must exercise care

With more members of the public writing to ST Forum getting angry with MAS for perceivably not doing its job in regulating the issuance of Hyflux’s high risk bonds, MAS Director of Corporate Communications Jerome Lee gave a reply on ST Forum today (‘MAS has been doing its part but investors must exercise care‘,17 Apr). Mr Lee acknowledged that MAS …

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SG govt ok with giving free bus rides to Tianjin Eco-city residents but increases fares for S’poreans

In 2007, Singapore decided to invest in a second government-to-government project in China to develop an eco-city in Tianjin. This followed the first earlier project developed in Suzhou during the 90s. Essentially, Singapore came up with the money while China provided land near the Tianjin city to develop a new urban city. To facilitate the development, the Sino-Singapore Tianjin Eco-City …

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GIC need not worries about any “net outflows” of its fund

It was reported that CEO Maarten Slendebroek of Jupiter Fund Management, one of the “crown jewels” of UK asset management industry, was replaced last month. He was replaced by ex-Janus Henderson Investors’ boss Andrew Formica. Slendebroek was being replaced at a time when Jupiter had reported a £7.5 billion drop in assets under management and net outflows of £4.6 billion …

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Tianjin Eco-city mentioned by DPM Teo only hits about 1/3 resident target

DPM Teo Chee Hean in wrapping up his official 6-day visit to China, said yesterday (15 Apr) that Singapore is well positioned to collaborate with China in more areas. He said that with both countries set to celebrate 30 years of relations next year, the existing base of cooperation stands Singapore in good stead as China shifts away from discrete, …

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Chili’s Singapore blames tightening of foreign worker quota for its closure

Last month, Chili’s Singapore announced the closure of its restaurant chain. Chili’s Singapore was run by Belgarath Investments through GDA Restaurants, which was Chili’s franchisee. It had 3 stores in Singapore at Tanglin Mall, Resorts World Sentosa and Clarke Quay Central mall. Mr Greg Blakney, managing director of Belgarath Investments, blamed the new foreign-worker quota announced by the government in …

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Nikkei: “Mighty” SPH’s star fading as advertisers and subscribers moved online

Nikkei Asian Review reported on Wed that the once “mighty” Singapore Press Holdings (SPH) continues to lose advertisers and investors and has now got most of its earnings from property (‘Singapore Press Holdings loses advertisers and investors’, 10 Apr). “Once a sought-after stock due to its substantial dividend, SPH has seen its star fade as advertisers and subscribers moved online …

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