Ringgit hits 17-year low against SGD
rakyattimes.com - 15 April 2015 The ringgit led losses among emerging Asian currencies today amid sustained concerns over a slowing Chinese economy with growth in the world's second-largest economy at a six-year low. A Reuters report said that the ringgit fell to its weakest level against the US dollar in more than two weeks. The...
SMRT losing focus on its core business
I am appalled to learn that transport operator SMRT is considering going into the telco business, even before it can get its train and bus services to run properly ("Consistel enlists heavyweights for telco licence bid"; yesterday). One of the reasons for the frequent train breakdowns was that, for many years, SMRT under-invested...
Anti-foreigner violence rages in South Africa
Reuters - 15 April 2015 Police clear the streets in an attempt to quell rioting and looting caused from anti-foreigner violence in Durban April 14, 2015. Reuters/Rogan Ward (Reuters) - Immigrants in downtown Johannesburg, South Africa's biggest commercial city, shut their shops on Wednesday as a wave of anti-foreigner violence...
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