Businesses are more pessimistic than at any time in the past three years, according to a survey out on Tuesday. It found that 56 per cent of businesses cited global economic uncertainty as the main challenge facing them in 2016 while 21 per cent pointed to higher costs.
China scored an economic milestone with the International Monetary Fund's decision on Monday to include China's yuan, or renminbi (People's currency), in its Special Drawing Rights (SDR) basket.
Ms Rachel Eng has been appointed as an independent non-executive board director of SPH Reit Management (SPHRM) with effect from Tuesday (Dec 1). Ms Eng, 47, is the joint managing partner of WongPartnership LLP, and a board member at StarHub, Certis Cisco Security, PUB and Singapore Accountancy Commission.
With the help of a new payroll service launched by United Overseas Bank Limited (UOB), small businesses can meet key amendments to the Singapore's Employment Act. The service will enable businesses to issue itemised payslips and key employment terms to employees, UOB said in a statement on Tuesday (Dec 1).
Trade agency IE Singapore will have a new chief executive officer in the new year, after it said that its current head will step down.
CMA CGM SA, the world's No. 3 container shipping company, is in talks with lenders to finance its potential takeover bid for Singapore's Neptune Orient Lines Ltd., people with knowledge of the matter said.
Australia put into force a robust new investment regime on Tuesday (Dec 1) cracking down on foreigners who unlawfully own residential properties and tightening scrutiny on purchases of farmland from overseas.
A Chinese consortium led by China Media Capital Holdings is investing US$400 million (S$564.7 million) in the Abu Dhabi- based company that owns Manchester City Football club, the top- ranked English Premier League team.
The Saudi developer behind plans for the world's tallest building said on Sunday it had secured financing to complete the record-breaking project. Kingdom Holding Co, chaired by billionaire Saudi Prince Alwaleed bin Talal, said its affiliate Jeddah Economic Company had reached a more than US$2 billion (S$2.8 billion) financing deal with Saudi Arabia's Alinma Investment to finish the Jeddah Tower in the Red Sea city.