Moody’s cuts outlook on local banking system

Moody’s cuts outlook on local banking system Impact of likely rise in interest rates on growing debt levels raises concern By Yasmine Yahya RATINGS agency Moody’s Investors Service has revised its outlook on Singapore’s banking system from “stable” to “negative”. The agency is concerned that with debt levels here rising, some households may struggle to […]

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Kuok says with right heir his empire can last ‘four generations’

Billionaire Robert Kuok says that with the right heir, his extensive network of businesses can continue well beyond him into the future When billionaire Robert Kuok introduced a luxury hotel brand in 1971, he named it Shangri-La, after the fictional utopia in which inhabitants enjoy unheard-of longevity. Ensconced in his executive suite 32 floors above […]

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S'pore growth will shudder if eurozone breaks: report

S’pore growth will shudder if eurozone breaks: report It is likely to be most affected among Asian countries, ex-Japan By Teh Shi Ning, Business Times [SINGAPORE] Singapore’s growth will be hardest hit in non-Japan Asia if the eurozone should break up, Credit Suisse’s projections show. While the estimates come with a “sizeable health warning” given […]

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Economists warn of deep recession for Singapore if euro zone breaks up

Singapore could sink into a deep recession if Greece’s debt crisis leads to a break-up of the euro zone and causes another global downturn. The warning came from economists on Wednesday who outlined a range of nightmare scenarios that, while appearing unlikely at present, remain possible if events spiral out of control. The downbeat assessment […]

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The interview was all going well until he asked me: "How much of a pay cut are you willing to take?"

From an anonymous candidate One of the amazing job-hunting experiences I had recently was with an investment firm. I went through the interview rounds, answering standard questions about specific sectors and proposing investment strategies on selected companies. Everything went well until my meeting with one of the fund’s partners. We had a chat about how […]

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