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November 9, 2017 6:40 AM Exclusive: Venezuela's PDVSA misses debt payments, used Russian bank to pay ONGC

NEW DELHI - Venezuelan state oil-firm PDVSA has not made debt payments to India's top oil producer ONGC for six months, and has previously used a Russian state-owned bank and another Indian energy company as intermediaries to make payments, two sources familiar with the transactions said on Wednesday. ONGC Videsh, the overseas investment arm of ONGC, confirmed 373

November 2, 2017 8:50 PM Apple's holiday-quarter sales forecast largely above estimates

Apple Inc's revenue forecast for the holiday shopping-quarter was largely above market expectations, helping allay investor concerns about production delays and supply constraints for the iPhone X, which it will start shipping from Nov. 3. The forecast comes after Apple gauged demand for iPhone X with a pre-order process that kicked off online on Oct. 27. Many analysts 134

November 1, 2017 9:03 PM Taking a pay cut to start afresh in law

When Mr David Koh graduates from law school, he would earn - as a fresh lawyer - just a fraction of what he used to draw as a ventures manager at oil and gas firm Shell. At 49, he is also among the older students at the Singapore Management University's (SMU) juris doctor (JD) programme, which has an average student age of 29. On why he is giving up a well-paying 112

November 1, 2017 3:42 AM MAS issues prohibition orders against individuals involved in 1MDB-related breaches

SINGAPORE: The Monetary Authority of Singapore (MAS) announced on Wednesday (Nov 1) that it has issued prohibition orders against two individuals involved in breaches related to Malaysian state fund 1Malaysia Development Berhad (1MDB). Six-year prohibition orders have been issued against Mr Ang Wee Keng Kelvin and Mr Lee Chee Waiy, said MAS in a media 93

October 31, 2017 9:01 PM SMRT must take tough action, say observers

The fact that work neglect went undetected for a year 'suggests problem is deep-seated' If SMRT personnel did, indeed, falsify maintenance records, then tough action should be taken against them, observers said. The lapse resulted in flooding that led to a 20-hour breakdown of the North-South Line last month. The rail operator revealed yesterday that though 101

October 31, 2017 1:50 PM How nuclear deterrence can work in Northeast Asia

IN A recent commentary, Mr Bilahari Kausikan, Singapore’s ambassador-at-large and former permanent secretary at the Ministry of Foreign Affairs, wrote a thought-provoking piece entitled ‘To deter North Korea, Japan and South Korea should go nuclear’. The article’s title completely captures Mr Kausikan’s core proposal. In fact, his analysis actually stands 104

October 31, 2017 10:42 AM Cathedral of the Good Shepherd and The Warehouse Hotel are built heritage restoration winners

SINGAPORE - The Cathedral of the Good Shepherd and The Warehouse Hotel on Tuesday (Oct 31) picked up this year's Architectural Heritage Awards. The honours, conferred by the Urban Redevelopment Authority (URA), recognise the high standard of restoration work done on heritage buildings. The team behind The Red House received a special mention for their 92

October 30, 2017 12:45 PM Goldman CEO has high hopes for London HQ post-Brexit, much outside his control

LONDON - Goldman Sachs chief executive Lloyd Blankfein expects to fill up the firm's new European headquarters which is currently under construction in London, but said Britain's exit from the European Union leaves much outside the bank's control. "In London. GS still investing in our big new Euro headquarters here. Expecting/hoping to fill it up, but so much outside 97

October 30, 2017 2:40 AM 26 people injured in accident involving two lorries in Tuas

SINGAPORE - A total of 26 people were taken to hospital on Monday (Oct 30) morning, following an accident involving two lorries in Tuas. The Singapore Civil Defence Force (SCDF) responded to the incident at the junction of Tuas Crescent and Tuas South Avenue 5 at about 6.30am. Upon arrival at the scene, its officers had to use a hydraulic spreader to extricate 96

October 29, 2017 9:07 PM Saudis to open sports stadiums to women in reform push

RIYADH: Saudi Arabia will allow women into sports stadiums for the first time from next year, authorities said on Sunday (Oct 29), in a landmark move opening up three previously male-only venues to families. The ultra-conservative kingdom, which has some of the world's tightest restrictions on women, has long barred women from sports arenas by strict 83