singapore

 
 

Singapore employers more cautious in hiring, as job vacancies in Q2 2019 continue to decline, says report

SINGAPORE, Sept 14 — In light of economic headwinds, hiring sentiments continued to be cautious for the second quarter of this year. The number of job vacancies offered on the market continued to decline from the previous quarter, as the resident…


SG Bike gains approval to acquire Mobike fleet, making it the largest bike-sharing operator in Singapore

SINGAPORE, Sept 14 — SG Bike has acquired Mobike’s fleet of 25,000 bicycles, making it the largest bike-sharing operator in Singapore currently.  SG Bike said in a statement yesterday that it has received the Land Transport Authority’s…


Ringgit’s upward momentum to continue next week

KUALA LUMPUR, Sept 14 — The improved global sentiment following easing US-China trade tensions is expected to continue driving the ringgit upward next week, moving between 4.15 and 4.1750 against the US dollar. Axi Trader Asia-Pacific market…


Malaysia must raise shipping participation to reduce large freight outflows, says Daim

KUALA LUMPUR, Sept 13 — Malaysia, as a major contributor to world trade and a growing trading partner with many countries, needs to raise its level of participation in shipping to help reduce the country’s large freight outflows, said former…


Asian markets rally on growing trade hopes and ECB easing

HONG KONG, Sept 13 — Equities rose in Asian trade today after the European Central Bank unveiled a fresh round of economic stimulus and another interest rate cut while a report said the US was considering a short-term trade agreement with China….


Survey: Over nine in 10 Singapore employers have trouble hiring, training staff for new technologies

SINGAPORE, Sept 13 — As the government pushes for digital transformation to take root in companies, some obstacles lie in the way, with more than nine in 10 Singaporean employers saying they face challenges in training and hiring staff to…


US firms don’t plan to move out from Hong Kong, but wary about future investment, survey shows

SINGAPORE, Sept 13 — While a majority of American companies feel that the ongoing protests in Hong Kong have affected their decisions on whether to invest in the city in the future, only a very small number who have operations there are planning…


China prods state firms to boost investment in crisis-hit Hong Kong, say sources

SINGAPORE, Sept 13 — China has called on its biggest state firms to take a more active role in Hong Kong, including stepping up investment and asserting more control of companies in the financial hub, executives familiar with the matter said, as…


Sunway JV unit wins Tianjin land tender

PETALING JAYA: Sunway Bhd’s 60%-owned joint venture company Tianjin Eco-City Sunway Property Development Co Ltd has won a tender to acquire a land in Tianjin, China, for 438 million renminbi (RM257.78 million).

The 27,712.50 sqm plot of land, known as Sino-Singapore Tianjin Eco-City Plot 30c, is acquired from Sino-Singapore Tianjin Eco-City Investment and Development Co Ltd.

Tianjin Eco-City Sunway will undertake a residential develop-ment known as Sunway Garden Phase 3 which consists of seven blocks of condominiums on the land.

The proposed development is expected to commence in May 2020 and targeted to be completed by May 2023. It is expected to contribute positively to the earnings of Sunway group from the financial year 2023 onwards.

Tianjin Eco-City Sunway is a 60%-owned joint venture company of Sunway City (S’pore) Pte Ltd, which in turn is a subsidiary of Sunway. Its principal activity is property development.


Ringgit ends firmer against US dollar on improved sentiment

KUALA LUMPUR, Sept 12 — The ringgit reversed its losses to close firmer against the US dollar today, mainly spurred by positive external developments with a high hope that the trade tension between the United States (US) and China will continue to…