STI worst-performing developed market in 2013
(25 Dec) - Schroders Plc and Baring Asset Management Ltd. are avoiding Singapore stocks, the cheapest in Southeast Asia, as slower economic growth in the region and cuts to Federal Reserve stimulus drive capital outflows. The fund managers expect property to lead declines in Singapore amid a real-estate slump and the prospect...
Hong Kong sets its first poverty line
HONG KONG, Sept. 28 -- Hong Kong Chief Executive Leung Chun-ying on Saturday chaired the first Commission on Poverty Summit, at which Chief Secretary and Chairman of the commission Carrie Lam announced the poverty line for 2012 to be 50 percent of median monthly household income before tax and welfare transfers. The 2012 poverty...
‘People kept poor to ensure support can be bought’
SMU Prof, Bridget Welsh (Malaysiakini, 7 Jul) - The incentive for politicians to keep people poor so that their political support can be bought will persist if problems related to political campaign financing are not resolved, said academician Bridget Welsh. “I think we are already seeing some of that. What is happening in...
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