GIC-backed Li Ning posts steeper-than-expected $318M loss
(26 Mar) - Chinese sportswear group Li Ning Co Ltd reported on Tuesday a steeper-than-expected 1.98 billion yuan ($318.8 million) loss for 2012, its first annual loss since it listed in 2004, hit by inventory charges and fierce competition from domestic and foreign brands. The result compared with a profit of 385.8 million yuan...
Indian FT fired from Barclays now under investigations
(26 Mar) - Barclays Plc dismissed a Singapore- based private banker and is helping authorities investigate potential wrongdoing affecting clients’ assets. The banker was fired on Feb. 6 and the company is working with the white-collar crime investigation agency of the Singapore police force to probe the matter, according to...
Be fair to foreigners
I applaud the mature thinking of 17-year-old student Toh Qin Ying ("Young people air concerns over jobs and housing"; March 17). Her comment, that Singaporeans should not treat foreigners as competitors but as people they can learn from, struck a chord with me. For the past year, foreigners in Singapore have been getting a...
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