Citilink & AirAsia refuse to acquire Tiger Air subsidiary
Ailing low cost carrier Tigerair Mandala looks to disappear as both Citilink and AirAsia confirmed to have dropped plans for acquiring the low cost carrier. (17 June 2014) Consider it as a double blow within a week time. Struggling Tiger Airways subsidiary in Indonesia, Tigerair Mandala has seen both Citilink and AirAsia...
Solving a puzzle on international balance sheets
The true cost of hidden money (15 June 2014) GABRIEL ZUCMAN is a 27-year-old French economist who decided to solve a puzzle: Why do international balance sheets each year show more liabilities than assets, as if the world is in debt to itself? Over the last couple of decades, the few international economists who have...
SG home sales in May rise to highest since Jun 2013
Residential buildings stand in the Grange Road area of Singapore. First-quarter home prices in the island-state slid for a second consecutive quarter, data released by the URA on April 25 showed, after the government introduced loan measures last June, widening a campaign that started in 2009 to curb speculation in the Southeast...
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