Indian authority fines Temasek Holdings
(16 Aug) - Competition Commission of India (CCI) has fined Singapore government investment arm, Temasek Rs 50 lakh in the fair trade regulator's first ever penalty against a foreign government entity for late filing of application seeking anti-trust approval for an M&A deal. The fine has been imposed on Temasek Holdings...
Rich world’s biggest jobs growth nears end in Singapore
Foreign workers wait for their transportation to work, outside their dormitory in Singapore. (16 Aug) - Tony Cousens spent more than S$100,000 ($79,000) to find waiters and housekeepers for the Ramada and Days Hotels in Singapore. Months after the two establishments opened, he is still about 100 people short. Cousens’s plight...
DBS: Proof that Singapore’s restructuring is on track
(Aug 17) - Real median income is rising. According to DBS Group Research, measured productivity has been declining but this does not imply that restructuring has been ineffective. It insisted that the widely cited measurement of productivity is not a good indicator of true productivity growth. Instead, it offered that because...
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