
Temasek Holdings disappointed with Indian penalty
(18 Aug) - Slapped with a Rs 50-lakh fine for late filing of an application with fair trade regulator CCI, Singapore government's investment arm Temasek says it is "disappointed" and will take steps after studying the order. "Given the circumstances, Temasek is naturally disappointed with the decision, but respects the Commission's...

Property bubble bursts in the Netherlands
The once-model Dutch economy is 'now underwater economically'. (15 Aug) - Maureen Wachtels is trying to relax by making a Victoria sponge in her small but pristine central Rotterdam flat. For a few moments, the whole process of sifting, mixing and baking helps take her mind off her personal plight. Not only has she lost...

SG’s workforce hit by move away from foreign labour
Companies have to pay higher levies for lower-skilled foreign employees under a new Singapore government policy. Photo: Bloomberg (18 Aug) - Singapore's move to reduce its reliance on imported workers following a backlash is spurring change in the makeup of its workforce. Tony Cousens spent more than S$100,000 (HK$610,094) to...
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