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  • HDB to cut new 3-room & larger flat supply to 18,600 in 2014

    December 30, 2013 9:24 AM 7

    The Housing and Development Board (HDB) will reduce the supply of new three-room and larger flats by 18 per cent, from 22,600 units in 2013 to about 18,600 in 2014. SINGAPORE: The Housing and Development Board (HDB) will reduce the supply of new three-room and larger flats by 18 per cent, from 22,600 units in 2013 to about 18,600 in 2014. In a statement

  • SCCCI calls for continued support for SMEs amid tempered optimism

    December 30, 2013 9:21 AM 6

    Businesses in Singapore have reported a more optimistic outlook for 2014 as compared to the previous year. But they also recognise that the business environment remains challenging, especially in manpower and costs related to land and transport. SINGAPORE: Businesses in Singapore have reported a more optimistic outlook for 2014 as compared to the previous

  • Household electricity bills to decrease slightly amid lower tariff

    December 30, 2013 6:15 AM 7

    The electricity tariff for households will go down from 26.08 to 25.65 cents per kWh in the first quarter of 2014. On average, for families living in four-room HDB flats, that means the monthly electricity bill will decrease by S$1.65. SINGAPORE: The electricity tariff for households will go down from 26.08 to 25.65 cents per kWh in the first quarter

  • Resale private home prices rise 0.1% on-month in Nov

    December 30, 2013 5:21 AM 1

    Prices of resale private homes increased by 0.1 per cent in November, compared to October. This is according to the flash estimate of the NUS Singapore Residential Price Index (SRPI).  SINGAPORE: Prices of resale private homes increased by 0.1 per cent in November, compared to October. This is according to the flash estimate of the NUS Singapore Residential

  • Two new board members appointed to Tote Board

    December 30, 2013 4:30 AM 4

    The Finance Ministry has appointed two new board members to the Singapore Totalisator Board (Tote Board). They are Ng Soo Nam, a veteran in the fund management industry, and Thali Koattiath Udaira, who has over three decades of experience in healthcare operations, administration and management. SINGAPORE: The Finance Ministry has appointed two new board

  • S Korea industrial output unchanged in Nov

    December 30, 2013 3:16 AM 5

    South Korea's industrial output for November was unchanged from October as falling auto production offset the increase in memory chips and petrochemical products, state data showed Monday. SEOUL: South Korea's industrial output for November was unchanged from October as falling auto production offset the increase in memory chips and petrochemical products

  • UK government could sell off Lloyds bank stake in 2014 - Telegraph

    December 30, 2013 2:28 AM 5

    (Reuters) - The British government could sell off all of its 18.4 billion pound stake in the Lloyds banking group in 2014, the Daily Telegraph reported, citing unnamed sources. The newspaper reported that the entire government holding could be sold off in the next 12 months in a combination of retail and institutional offerings. "Post-results is when a further

  • Premier Li aims for steady economy in 2014

    December 30, 2013 12:06 AM 6

    Premier Li aims for steady economy in 2014 CHINA- China's economy and financial market will be on a steady path in 2014, Premier Li Keqiang said on Friday during a trip to Tianjin. The country has the conditions in place to maintain the "smooth running of its economy and the general stability of its financial market" in the year to come, Li said. He added

  • Belgian firefighters stumble on indoor marijuana farm

    December 29, 2013 8:23 PM 5

    Brussels (AFP) - Belgian police on Sunday seized thousands of marijuana plants discovered by firefighters during an overnight blaze, but found no immediate trace of the growers. The state-of-the-art indoor marijuana farm, which witnesses said was spread over 1,000 square metres (10,100 square feet) and featured special lighting and independent watering

  • Israeli apps winning awards for innovation, creativity

    December 29, 2013 1:27 PM 14

    Israel is very successful when it comes to start-ups - even more so, in creating mobile phone apps, which in today's Iphone and Android-obsessed society are very much in demand. TEL AVIV: Israel is very successful when it comes to start-ups - even more so, in creating mobile phone apps, which in today's iPhone and Android-obsessed society are very much in demand