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WHILE the wage-to-gross domestic product (GDP) ratio of many advanced economies has been declining over the years, Malaysia is still playing catch-up despite seeing steady growth since 2005.
A clear long-term direction is needed to solve the issue of the country over-relying on foreigners to do certain jobs
Singapore: Singapore’s Lim family has asked a court to stop law firm Rajah & Tann singapore LLP (R&T) from working for court-appointed supervisors to two companies in the Lim’s embattled oil trading empire, Evan Lim Chee Meng told Reuters.
SINGAPORE: The Singapore casino run by billionaire Sheldon Adelson’s Las Vegas Sands Corp has agreed to settle a lawsuit brought by a former patron, meeting his demand for a S$9.1mil (US$6.5mil) payment, according to a source.
SINGAPORE: Millions of dollars of oil stored in tanks and ships in Asia and Europe has become caught in a web of lawsuits related to trade and financing deals by Singapore's Hin Leong Trading (Pte) Ltd, according to court documents and shipping data. The ownership of the fuel on four floating storage units (FSUs) off Malaysia is also in dispute, the report said.
Hin Leong overstates assets value by at least US$3bil
SINGAPORE: Singapore will have to find ways to rely less on foreign workers and accelerate automation of some tasks in its post-pandemic economy, Second Minister for Finance Indranee Rajah told reporters on Monday.