In Focus

Burned: License revoked after retailer sold cigarette to student in uniform

Ten other retailers face six-month suspension and fines for selling cigarettes to underage youth.

Burned: License revoked after retailer sold cigarette to student in uniform

Ten other retailers face six-month suspension and fines for selling cigarettes to underage youth.

We’re being paid: COSCO

The shipbuilder clarified their vessel building contracts were entered into with subsidiaries of Sevan Drilling and not with its financially struggling parent Sevan Marine.

In Singapore, we dun need no education leh

Spending on education slumped 11.5 % over the last year, according the boffins at the Statistics department.

Manufacturing output falls 9.5% in April

Blame it on the biomedical manufacturing cluster which saw a 22.6% year-on-year decline. Under this cluster the pharmaceuticals segment declined 23.6% as a result of a different mix of active pharmaceutical ingredients being produced.

SIA flying the other way: entering long-haul budget carrier market

But its Malaysian competitor is not worried, saying businesses should stick to what they know best.

How did Tiger rack up $74 million of losses in Australia?

It is a stunning figure only revealed yesterday, and brings in to question the strategy and even viability of its operations downunder.

Domestic wholesale trade of petroleum sector down 2.9%

The decrease was arrived at after removing the price effect.

Shares feared to fall

This after US equity markets ended lower overnight.

President calls for unity

At the swearing-in of the new cabinet, Mr S R Nathan urged “all Singaporeans to come together and help build a better future” for the nation.

FRANKLY, will students give a d*** about OCBC's youth rebranding ?

OCBC branches at SMU and NTU being renamed "FRANK" - no, really.

Asia Pacific Breweries: We were a victim of fraud

Court of Appeal has junked the case involving two European banks who appealed to recover a total of $59 million taken by former APB finance manager Chia Teck Leng.

Finance minister promoted to deputy PM

Tharman Shanmugaratnam retains his finmin position as three ministers retire from the Cabinet.

Guess which top 10 SGX listed companies were not ranked as Singapore's best run companies ?

Financeasia.com news website has polled institutional investors and other fund managers on which companies they reckon are the best managed in Singapore.

AXA Insurance introduces “SmartClaims” Application on Android

AXA, one of the world's leading insurance providers which launched the first motor claims iPhone application last year in Singapore, now extends the service on android starting here and in Hong Kong to the rest of Asia. This, as AXA sees explosive growth in the use of technology in the region over the next five years.

SMRT to invest S$300mln for fleet expansion in 2012

The acquisition of 17 new trains is part of the huge capex the transportation services company will undertake next year.

83% of services sector firms see a ho-hum 2011 ahead

The 17% who view a favorable second quarter is smaller than the net weighted balance of 36% registered in the same period of the previous year.

Declare before drinking: Customs issue reminder on taxable goods

Customs officials remind Singaporeans and travelers returning from their overseas breaks to declare taxable products such as liquor at the airport or pay a $300 fine for the bottle.