Investors unhurt by SG xenophobic fringe: Minister
Office workers walk underground during lunchtime in Singapore's Central Business District, on Friday, Dec. 16, 2011. (30 May) Xenophobia in Singapore, confined to a minority fringe, hasn’t had an impact on foreign investment in the Asian country, said Law Minister K. Shanmugam. “People accept that xenophobia is...
HK considers limiting influx of tourists from PRC
Chinese tourists line up for taxis in front of a luxury hotel in a popular shopping district in Hong Kong. (27 May) Hong Kong may limit tourist arrivals as an influx of Chinese visitors stokes discontent, Chief Executive Leung Chun-ying said. The city may need measures to “slow the gains in tourist arrivals or stop increases,...
China’s Alibaba to buy stake in SingPost for $249M
(28 May) A major move to step up its international presence, Alibaba Group announced on Wednesday that it will purchase a 10.35% stake in SingPost, Singapore’s national postal service provider, for $249 million. The deal will render Alibaba the second largest shareholder in publicly-traded SingPost, after the government-controlled...
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