Bizview: Today's top business news

Artists impression of The Criterion at Yishun. PHOTO: CITY DEVELOPMENTS LIMITED
Artists impression of The Criterion at Yishun. PHOTO: CITY DEVELOPMENTS LIMITED

Singapore consumer prices fall for 10th straight month

Singapore's consumer prices in August saw their biggest year-on-year fall in nearly six years and the tenth straight monthly decline, on the back of lower Certificate of Entitlement (COE) premiums for cars and falls in housing rentals.

Singapore tax collection hits record high of $43.4b

The taxman raked in record tax revenue in the last financial year as individuals and companies earned more and contributed to the Government's coffers.

CDL's The Criterion EC at Yishun opens for online applications

Online applications for The Criterion executive condo (EC) in Yishun will start tomorrow, its developers City Developments Limited (CDL) and TID Residential said on Wednesday. The Criterion is the second EC to be launched after the income ceiling for the public-private housing hybrid was raised from S$12,000 to S$14,000 during last month's National Day rally.

Shareholders query Singapore Exchange over company, regulatory matters

Shareholders grilled the Singapore Exchange (SGX) over company as well as regulatory matters at its annual general meeting (AGM) today.

Temasek raises stake in ICBC in vote of confidence after rout

Temasek Holdings Pte, the biggest foreign investor in Chinese banks, has raised its stake in Industrial & Commercial Bank of China Ltd. to 10 per cent of the company's Hong Kong-listed shares after a stock market rout drove the world's largest bank to record-low valuations.

Expats vote Singapore the best place in the world to live and work

Singapore has topped a poll of the best places in the world to live and work for expatriates. Singapore was chosen because it provided the right balance of career opportunities and lifestyle as well as a stable economy, according to HSBC's latest Expat Explorer.

Noble Group says chairman Elman steps down from two board committees

The chairman of Singapore-listed Noble Group Ltd has stepped down from the company's audit committee, in the first major move for the co-founder since the firm's accounting practices were called into question earlier this year.

Ringgit, rupiah slide as weak China data hits Asian currencies

Malaysia's ringgit and Indonesia's rupiah led the slide in Asian currencies as a measure of factory output in China added to signs Asia's largest economy is slowing, spurring demand for the relative safety of the US dollar.

China manufacturing gauge unexpectedly falls to new low: Caixin PMI

Activity in China's factory sector unexpectedly shrank to a 6-1/2 year low in September, a private survey showed on Wednesday (Sept 23), raising fears of a sharper slowdown in the world's second-largest economy that could spell more turmoil for financial markets.

Abenomics making progress but more room for growth: Japanese state minister

The economic reform strategy known as "Abenomics" has chalked up some solid achievements, though further progress has to be made, a Japanese state minister said on Wednesday.