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Business

New line-up and leaner structure at MoF

AMONG government ministries, easily, the Treasury has seen the most number of changes with a mixture of old and new blood being placed in crucial decision-making positions.

Business

Political uncertainty to weigh on Australian economy

SYDNEY: Economists warned on Monday a hung parliament risks Australia’s coveted AAA credit rating with the inconclusive result of weekend elections seen as bad news for the economy and investment markets.

Business

New property cooling measures in Australia

KUALA LUMPUR: The cooling measures announced in several states in Australia to curb speculation by foreign property buyers is expected to dampen buyers’ sentiment in the short term.

Business

Boeing machinists approve contract securing 777X jet

SEATTLE/NEW YORK: Boeing's machinists on Friday narrowly approved a crucial labor contract that secured thousands of jobs and billions of dollars of economic activity for Washington state but will cost workers their pensions.

Business

Double whammy for buyers

THE recent budget dropped a double whammy for property buyers — an increase in real property gains tax (RPGT), ranging from 30% to 15% within five years, and the prohibition of Developer Interest Bearing Schemes (DIBS) where developers pay for interest on buyers’ loans during construction.

Business

Art auctions appear to be a bankable and profitable platform for investors

With many investment opportunities present in the market, investors across the nation may be figuring out where best to park their cash.

Business

Hurricane Sandy strengthens as storm barrels toward coast

NEW YORK BOSTON: Hurricane Sandy, the Atlantic's largest-ever tropical storm, will strike the East Coast today with a life-threatening surge, emptying the streets of the nation's largest cities and lashing a region of 60 million with gales, rain and even snow.