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THE BUSINESS TIMES
Breakfast Brief All you need to know to start your day, right in your inbox. Today's Paper Today’s print edition of BT, delivered to your inbox. Daily Debrief A round-up of all the important things that happened today. BT Lifestyle Wine and dine or plan your next holiday with BT’s weekend newsletter. WHITE SITE AT MARINA VIEW TRIGGERED FROM RESERVE LIST 2 hours ago · The Urban Redevelopment Authority (URA) will launch for public tender a white site at Marina View after an unnamed developer made a successful application for the site's release from the Reserve List. Read more at The Business Times.THE BUSINESS TIMES
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Wed, May 05, 2021 - 12:12 AM. A coalition of musicians and human rights groups urged music streaming company Spotify on Tuesday to rule out possible use of a speech recognition tool it recently developed to suggest songs - describing the technology as "creepy" and "invasive". In January, Sweden-based Spotify patented a technologythat
THE BUSINESS TIMES
Breakfast Brief All you need to know to start your day, right in your inbox. Today's Paper Today’s print edition of BT, delivered to your inbox. Daily Debrief A round-up of all the important things that happened today. BT Lifestyle Wine and dine or plan your next holiday with BT’s weekend newsletter. WHITE SITE AT MARINA VIEW TRIGGERED FROM RESERVE LIST 2 hours ago · The Urban Redevelopment Authority (URA) will launch for public tender a white site at Marina View after an unnamed developer made a successful application for the site's release from the Reserve List. Read more at The Business Times.THE BUSINESS TIMES
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Wed, May 05, 2021 - 12:12 AM. A coalition of musicians and human rights groups urged music streaming company Spotify on Tuesday to rule out possible use of a speech recognition tool it recently developed to suggest songs - describing the technology as "creepy" and "invasive". In January, Sweden-based Spotify patented a technologythat
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Wealth (May 2021) SPOTLIGHT. Universal life insurance - not just a wealth protection plan. UNIVERSAL life insurance plans have long been a core feature in wealthy clients' succession and wealth planning, thanks to a number of attributes - the ability to secure a high death benefit; availability of premium financing; liquidity; and an assetthat
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An Everest permit alone costs US$11,000 and climbers pay upward of US$40,000 for an expedition. But the warmer weather that ushers in safer conditions for scaling Nepal's dangerous, snow-capped peaks has coincided with a deadly second wave of Covid-19 infections, with active cases in the country rising six-fold in the last two weeks.THE BUSINESS TIMES
Wed, May 05, 2021 - 12:12 AM. A coalition of musicians and human rights groups urged music streaming company Spotify on Tuesday to rule out possible use of a speech recognition tool it recently developed to suggest songs - describing the technology as "creepy" and "invasive". In January, Sweden-based Spotify patented a technologythat
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For luxury homes priced at S$5 million and above, the number of caveats lodged by Singaporeans jumped 44%; buyers included owner-occupiers and investors. Thu, May 13, 2021 - 5:50 AM. Fiona Lam fiolam@sph.com.sg@FionaLamBT. Owner-occupiers are turning to larger, more luxurious residential properties as many spend more time at homedue to the
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Breakfast Brief All you need to know to start your day, right in your inbox. Today's Paper Today’s print edition of BT, delivered to your inbox. Daily Debrief A round-up of all the important things that happened today. BT Lifestyle Wine and dine or plan your next holiday with BT’s weekend newsletter. WWW.BUSINESSTIMES.COM.SG www.businesstimes.com.sgTHE BUSINESS TIMES
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Buyer from Fujian pays S$39.3m for Sentosa Cove villa. The price works out to nearly S$2,012 per square foot based on the land area of 19,550 sq ft. Thu, Apr 15, 2021 - 5:50 AM. Kalpana Rashiwala kalpana@sph.com.sg@KalpanaBT. The villa along Ocean Drive is one of fewer than 10 sea-facing bungalows on Sentosa Cove with a land areaexceeding
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Wilmar International led the Q1 2021 consideration tally, buying back 8,141,700 shares in the quarter at an average price of S$5.29. As of March 31, the leading agribusiness group had purchased 0.83 per cent of its issued shares (excluding treasury shares) on the currentmandate.
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PHOTO: REUTERS. Britain's biggest banks have made "hollow" carbon-reduction pledges and are key financiers of coal, a campaign group said in a report Tuesday ahead of the UK hosting a climate summit. Barclays, HSBC, Lloyds, NatWest and Standard Chartered provided US$56 billion to coal firms over two years to late 2020,according to
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Dennis Tay. Founder of Naiise. 14/01/2017 - 05:50. by. Tay Suan Chiang taysc@sph.com.sg@TaySuanChiangBT. Dennis Tay knew that he wanted to be an entrepreneur even before he started Naiise, the retail store for all things well-designed. He knew it before he enrolled in entrepreneurship at the Singapore Institute of Management-RMITUniversity.
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Addressing these challenges will require urgent actions and sustained commitment says Avanade. “The sole purpose of a business is to generate profits for its shareholders” - This was the thinking that the Nobel Prize-winning economist, Milton Friedman, espoused in the 1970s. Fast forward half a century later, businesses reside in a veryTHE BUSINESS TIMES
Breakfast Brief All you need to know to start your day, right in your inbox. Today's Paper Today’s print edition of BT, delivered to your inbox. Daily Debrief A round-up of all the important things that happened today. BT Lifestyle Wine and dine or plan your next holiday with BT’s weekend newsletter. WWW.BUSINESSTIMES.COM.SG www.businesstimes.com.sgTHE BUSINESS TIMES
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Buyer from Fujian pays S$39.3m for Sentosa Cove villa. The price works out to nearly S$2,012 per square foot based on the land area of 19,550 sq ft. Thu, Apr 15, 2021 - 5:50 AM. Kalpana Rashiwala kalpana@sph.com.sg@KalpanaBT. The villa along Ocean Drive is one of fewer than 10 sea-facing bungalows on Sentosa Cove with a land areaexceeding
THE BUSINESS TIMES
Wilmar International led the Q1 2021 consideration tally, buying back 8,141,700 shares in the quarter at an average price of S$5.29. As of March 31, the leading agribusiness group had purchased 0.83 per cent of its issued shares (excluding treasury shares) on the currentmandate.
THE BUSINESS TIMES
PHOTO: REUTERS. Britain's biggest banks have made "hollow" carbon-reduction pledges and are key financiers of coal, a campaign group said in a report Tuesday ahead of the UK hosting a climate summit. Barclays, HSBC, Lloyds, NatWest and Standard Chartered provided US$56 billion to coal firms over two years to late 2020,according to
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Dennis Tay. Founder of Naiise. 14/01/2017 - 05:50. by. Tay Suan Chiang taysc@sph.com.sg@TaySuanChiangBT. Dennis Tay knew that he wanted to be an entrepreneur even before he started Naiise, the retail store for all things well-designed. He knew it before he enrolled in entrepreneurship at the Singapore Institute of Management-RMITUniversity.
THE BUSINESS TIMES
Addressing these challenges will require urgent actions and sustained commitment says Avanade. “The sole purpose of a business is to generate profits for its shareholders” - This was the thinking that the Nobel Prize-winning economist, Milton Friedman, espoused in the 1970s. Fast forward half a century later, businesses reside in a veryTHE BUSINESS TIMES
Wealth (May 2021) SPOTLIGHT. Universal life insurance - not just a wealth protection plan. UNIVERSAL life insurance plans have long been a core feature in wealthy clients' succession and wealth planning, thanks to a number of attributes - the ability to secure a high death benefit; availability of premium financing; liquidity; and an assetthat
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Price surge stokes en bloc hopes, but expectations gap a hurdle. "With the shortage of land supply and keener interest from developers, many potential en-bloc sale owners are exploring whether this is the right time to try again," JLL wrote. MORE properties could soon be put up for sale en bloc, as unit owners hope to cash in on resilient realTHE BUSINESS TIMES
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Home > Government & Economy MALAYSIA'S KHAZANAH LOGS RECORD PROFIT, POWERED BY DIVESTMENT GAINS Mon, Mar 02, 2020 - 1:01 PM Malaysian sovereign wealth fund Khazanah Nasional Bhd swung to a record profit last year, booking a huge jump in gains from divestments as it aggressively shrunk its portfolio to raise funds for a debt-laden government.PHOTO: THE STAR
Malaysian sovereign wealth fund Khazanah Nasional Bhd swung to a record profit last year, booking a huge jump in gains from divestments as it aggressively shrunk its portfolio to raise funds for a debt-laden government. Khazanah did not disclose details of its divestments. A former government minister told Parliament in November, however, that it had sold shares in seven foreign firms including Alibaba Group Holding and Indian tech firm Infosys over 16 months. The fund's profit from operations climbed to RM7.36 billion ringgit (S$2.44 billion) for 2019, compared with a loss of RM6.27 billion in the previous year, it said in a statement on Monday. Gains on divestments grew more than seven times to RM9.9 billion, while impairments shrunk by a third to RM4.9 billion. Debt fell 17 per cent to RM45.8 billion. The earnings result will give the government a dividend of RM1billion.
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Khazanah, which split its portfolio last year into commercial and strategic holdings, said its commercial fund's net asset value stood at RM73.1 billion at the end of 2019. It did not disclose the net asset value for its strategic fund but said that fund recorded an overall return of 2.9 per cent. It also said it has received nine proposals from potential partners for Malaysia Airlines, and has shortlisted four. The Malaysian government has been seeking a strategic partner for its national airline, which has struggled to recover from two tragedies in 2014 - the mysterious disappearance of flight MH370 and the shooting down of flight MH17 over eastern Ukraine. Japan Airlines, domestic carrier AirAsia Group and the Malaysian arm of Indonesia's Lion Air, Malindo Air are among firms that have shown interest in investing in Malaysia Airlines, sources have told Reuters. The fund, which is the sole owner of the carrier, said it will continue to work closely with the government and the airline in reviewing the proposals and finalising a decision. Separately, the sovereign wealth fund confirmed that one of its employees has been infected with the novel coronavirus.REUTERS
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