Mapletree: We’re not price-setters for factory rents
Mr Francis Cheng claimed that private industrial property owners and developers took the cue from Mapletree and raised their rentals ("Rent increases should be reined in"; Sunday). Mapletree Industrial Trust (MIT) is a real estate investment trust for industrial space. As reported independently by the Competition Commission...
UK Minister: Companies have social duty to hire local workers
UK Minister Hancock said he was calling for a change in culture, not the law. (BBC, 26 Jul) - Companies have a "social duty" to hire local workers before recruiting abroad, a Conservative minister has said. Matthew Hancock said firms should consider recruiting locally over "the easy option" of hiring from abroad. But JD Wetherspoon...
Joe Biden’s Diner Shtick Doesn’t Work in Singapore
Joe Biden at Adam Road Hawker Centre (Photo Todayonline) (26 Jul) - It's a common sight when Joe Biden walks into a restaurant: big, glowing white teeth smiling, a squint in his eyes, aviators off, and cheese-ball antics in full force. The vice president loves this kind of thing, but it doesn't always work. Take Thursday afternoon,...
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