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Business

Konica Minolta to digitise 10 million records for a public agency

Konica Minolta Business Solutions Asia (Konica Minolta), an integral value provider in enterprise content management, has been awarded a contract by a public agency to digitise its operational efficiency and accessibility of records via its Document Process Outsourcing Solution. Konica Minolta will assist the agency to digitise approximately 10 million pages of physical materials such as case files, corporate data …

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Temasek posts “record portfolio of S$308 billion” but doesn’t disclose its management costs

It was reported in the Straits Times yesterday (10 Jul) that Temasek Holdings’ has posted “record portfolio of S$308 billion”. “The Singapore Government-owned investment firm’s net portfolio value grew to a record $308 billion, up from $275 billion a year ago,” ST reported. It said that Temasek’s portfolio hit a 12.19 per cent one-year return for the financial year ended …

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Temasek announces record net portfolio value of S$308 billion

Temasek Holding has reported its net portfolio value at a record S$308 billion and a net cash position for the financial year that ended on 31 March 2018. In its annual Temasek Review published on Tuesday (10 July), the company stated that Temasek’s one-year Total Shareholder Return (TSR) was 12.19 percent, with compounded annualised returns of 15percent since inception in 1974 – …

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DBS adds to 50th anniversary gifts; offers free WIFI on selected buses

To commemorate and celebrate its 50th anniversary, commuters on DBS-branded SBS Transit buses will get to enjoy free WIFI from now till mid-September. The free WIFI will be available on 16 DBS-branded buses that ply commercial and central business districts and also all major heartland neighbourhoods. The pan-island and heartland routes were picked by popularity and the availability of WIFI-enabled buses. Karen …

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DBS announces $500 gift to each of its 26,000 employees, in conjunction with its 50th anniversary

DBS 50th anniversary gifts so far include bumper dividends to shareholders and special customer promotions, with more to come  SINGAPORE, 6 July 2018 – In conjunction with its 50th anniversary, DBS has thanked its shareholders and customers with a bumper dividend and special promotions, and ramped up support for communities across the region. Today, the bank expressed its gratitude to a group of people who …

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Uber and Grab may face unwinding of merger and financial penalties, warns consumer watchdog

The Competition and Consumer Commission of Singapore (CCCS) is pushing for the unwinding of the merger between Grab and Uber here, after a three-month review. The Uber-Grab merger will potentially become the first merger to be ordered to unwind in Singapore, according to TODAY Online. Concerns over Grab’s anti-competition practices and monopoly of the ride-hailing market in Singapore were raised …

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LTA disappointed in oBike’s failure to return users’ deposit in light of Singapore exit

The Land Transport Authority (LTA) has expressed disappointment over bike-sharing operator oBike’s failure to return the latter’s users’ deposits. oBike’s chairman Shi Yi was previously quoted as saying that the company hopes that the LTA will not levy fees against them in the event that the company fails to remove its fleet of bicycles from public spaces throughout Singapore. Speaking to …

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Fines imposed by LTA might affect funds available to return customers’ deposits, said oBike chairman

Any fines imposed by Singapore’s Land Transport Authority (LTA) on oBike should the latter still fail to remove its bicycles from the streets by the stipulated Jul 4 deadline might affect the funds available to oBike for the purpose of returning customers’ deposits, said oBikes’s founding investor and chairman, Shi Yi. The 29-year-old told Channel NewsAsia via an email correspondence that the company is hoping …

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