Singapore Property and Real Estate News Portal

ZURICH – Swiss bank UBS AG, under pressure at home to give up on hefty bonus schemes in the face of its poor performance, said on Monday it will introduce a more transparent pay system for top executives. The bank, which is struggling in the sub-prime crisis and whose shares slumped to a new all-time [...]

BANGKOK – Thailand’s fugitive ex-Prime Minister Thaksin Shinawatra has divorced his wife in Hong Kong, Thai newspapers reported Saturday. Thaksin and his wife Pojaman Shinawatra, who married in 1976, divorced at the Thai Consul General Office in Hong Kong on Friday, the English-language Nation and Bangkok Post newspapers reported. The stories could not be independently [...]

SINGAPORE – The Encarta World English Dictionary defines ‘capitulate’ as ‘surrender, especially under specified conditions; consent or yield: to give in to an argument, request, pressure or something unavoidable’. It also defines ‘capitulation’ as ‘a giving up of resistance’. Much has been made of the selling of the past year, with some observers believing that [...]

KUALA LUMPUR – Malaysia’s economy is not expected to fall into recession and its currency could gradually firm over the medium term, the central bank chief was quoted on Saturday as saying. Economic growth next year would hit the 3.5 per cent official target, with policies in place to contain the fallout from the global [...]

FRANKFURT – Global central banks are ready to take further steps to ease market tensions and bolster faltering economic growth, top policymakers said on Friday, as world leaders gathered for talks on the economic crisis. Speaking at a conference in Frankfurt, US Federal Reserve Chairman Ben Bernanke and European Central Bank President Jean-Claude Trichet said [...]