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Business 07 Apr 2009 | 12:00 AM

Singapore vows to change tax laws on havens

Singapore has vowed to amend its tax laws within the year after being named in a list of countries that have not yet fully implemented global standards aimed at eliminating tax havens.

Business 22 Apr 2009 | 12:00 AM

Slow train to economic recovery

The world economy may hit bottom in the months ahead but recovery risks being longer and more laborious because this recession began in banking and spread so widely - two traits that made the Great Depression so hard to shake.

Business 01 May 2009 | 12:00 AM

World demand for oil forecast to drop

World oil demand is forecast to fall this year by much more than previously expected, as growth stalls in emerging powerhouses China and India and fuel consumption declines in the developed world.

Business 09 May 2009 | 12:00 AM

Deflation is not an option

There are serious consequences for over-indebted economies

Business 12 May 2009 | 12:00 AM

Global economy at turning point

BASEL/LONDON: The global economy is about to turn the corner, leading central bankers said yesterday, and their cautious optimism was backed by data showing growing signs the economic and financial crisis is abating.

Community 22 May 2009 | 12:00 AM

Malaccca likely to reach developed status by 2010

MALACCA: The state's goal of achieving developed-state status by 2010 in on track, with the fulfilment of 85% of 32 indicators fixed by the Organisation for Economic Co-operation and Development (OECD).

World 09 Jun 2009 | 12:00 AM

Countries at war get little aid for mothers, children

HONG KONG (Reuters) - Countries that are at war such as Afghanistan, Sudan and Iraq get only US$1.30 a person a year in aid to help prevent mothers dying from childbirth and children dying before they are five, a study has found.

Business 24 Jun 2009 | 12:00 AM

Tax policy plays major role in fiscal stimulus

GOVERNMENTS around the world have introduced fiscal stimulus to counter the worldwide slowdown in growth. The recent International Monetary Fund's March 2009 World Economic Outlook (WEO) report has revised its projected world economic growth from 0.5% (January 2009 WEO update) to -1.3% for 2009, despite the determined and seemingly synchronised policy actions taken by governments around the world since the end of 2008.

Business 27 Jun 2009 | 12:00 AM

Nipping corruption

BRIBERY and corruption are clearly incompatible with good governance and harmful to the creation of value.

Business 10 Jul 2009 | 12:00 AM

China’s economy bottomed out, says think-tank

SHANGHAI: China will expand by about 8% this year, a leading think-tank said yesterday, the latest in a series of broadly bullish reports reflecting the growing momentum of the world's third largest economy.