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Baby milk prices double hitting low-income families

According to a media report yesterday (15 Dec), baby milk powder prices have more than doubled since 2004, putting pressure on families with babies. In 2004, the average price of baby milk powder was $22.66 for a 900g tin. Since then, it has climbed steadily to hit $50.01 this October. Compared to last year's average price of...

Tembusu, Cheng and PRC group to set up US$100m fund

Calvin Cheng Singapore private equity firm Tembusu Partners and local media entrepreneur Calvin Cheng have teamed up with the founder of China's largest private film distributor, Bona Film Group, to set up a US$100 million private equity fund that will invest in the Chinese media and entertainment industry. Founder and Chairman...

Different CPF MS for different groups under study

Speaking to the media in a wide-ranging interview on manpower issues last week, Manpower Minister Tan Chuan-Jin said that there could be different CPF Minimum Sums for different groups, depending on their needs rather than having a one-size-fits-all approach to retirement funding. "When you are looking at different levels of...