Singapore: Economic slowdown opens foreign labour debate
BBC News- 12 October 2012 Kelvin Wee looks out at the factory floor of Patec, the precision engineering company his father started 20 years ago. It is a small operation, mainly the corporate office, that is run out of Singapore for sentimental reasons as Kelvin puts it. Most of the mass manufacturing has been set up in China,...
Singapore’s Economy Contracts, but Residents Unfazed
(12 Oct) - Singapore's economy may have slumped in the third quarter, but it’s hard to tell from the crowds filling the city’s main shopping district, a booming property market and extremely low levels of unemployment. Latest growth figures on Friday showed gross domestic product (GDP) contracting 1.5 percent in the third...
GIC-backed Li Ning Group’s CFO resigns, share price drops more than half
(Oct 12) - China's best-known local sportswear group, Li Ning Co Ltd, said its chief financial officer has resigned, the latest departure from senior management as the company grapples with a slowdown in the world's second-largest economy. Li Ning, backed by Singapore sovereign fund GIC and U.S. private equity fund TPG Capital,...
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