SIA coming to Tiger’s rescue
(Oct 17, 2014) - Cash-rich Singapore Airlines Ltd (SIA) is injecting up to $110 million to take control of loss-making affiliate Tiger Airways Ltd, shoring up the budget carrier while scrapping its regional ambitions as competition rages. Announcing a record quarterly loss that sent its shares tumbling as much as 10 percent,...
Four Indians nationals jailed for fraud in Singapore
(Oct 15, 2014) Four Indian nationals in Singapore were Wednesday given jail terms ranging between three and four years for fraudulent Goods and Services Tax (GST) tourist refund claims of about $570,000. They were ordered to pay penalties equivalent to three times the amount of tax undercharged, The Strait Times reported. Sundar...
Why Singapore graduates aren’t getting the right jobs
http://stats.mom.gov.sg/Pages/Unemployment-Summary-Table.aspx (16 Oct 2014) A university degree may no longer be the golden ticket to an ideal job in Singapore amid a growing pool of degree holders and fast-changing economy. Singapore's unemployment rate stood at 2 percent in the April-June period, well below the...
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