Economy

Qatar sovereign wealth fund plans Asia push to diversify from Europe, US

DOHA (BLOOMBERG) – Qatar’s sovereign wealth fund is looking east for deals in an effort to diversify an investment portfolio heavily weighted toward North America and Europe. Asia “has been very much on our radar screen,” Foreign Minister Sheikh Mohammed bin Abdulrahman Al Thani said in an interview with Bloomberg TV. Sheikh Mohammed is also […]

Business

Venture capital hits record high in U.S. in 2020 despite pandemic

FILE PHOTO: Commuters walk through the Financial District during a snow storm in Lower Manhattan, New York, January 26, 2015. REUTERS/Elizabeth Shafiroff (Reuters) – Venture capital backed companies in the United States raised nearly $130 billion last year, setting a record despite the COVID-19 pandemic, figures from data firm CB Insight released on Friday show. […]

Business

Financial lessons from 2020

SINGAPORE – This has been a challenging year to say the least but it has highlighted some sound financial lessons that we should learn to help prepare for future crises. Key among these is to put savings first and to stay invested in the market, despite the temptations to cut and run. Please subscribe or […]

Business

Yes, you can make a personal budget in just 25 minutes

NEW YORK • Now is a great time to develop a serious budgeting habit. The next year might bring changes to your annual income and you should look at your finances now so that you are prepared for them. A nation can run deficits; households should avoid them. People without budgets are more likely to […]

Business

Steadily improving the lot of investors with a steady hand

All investors have their weak points and often think they are smarter than they actually are, so a steady temperament is critical when putting your money on the line, says asset management executive Omar Slim. “We often can be emotional, greedy, hasty, scared or deceived. That’s all normal,” he says. Please subscribe or log in […]

Business

Me & My Property: Tested formula for buying property

SINGAPORE – Buying property can be daunting, given factors like price, location and amenities to consider, but Knight Frank executive Linda Chern approaches the task with slide-rule precision. She has devised her formula over many years of real estate experience and applies it with a keen eye. Please subscribe or log in to continue reading […]

Business

askST: The Ministry of Manpower has been releasing quarterly data on the labour market and weekly jobs situation reports. How can job seekers and employers use these to their advantage?

A: You can get an overview of the labour market’s performance through the labour market reports. They contain indicators such as unemployment rates, retrenchments, the ratio of job vacancies to unemployed people, and the rate of re-entry into employment within six months of being retrenched. Please subscribe or log in to continue reading the full […]

Business

High-paying jobs: Fleet superintendent charts path to success

Less than a year into his new job at global shipping giant Maersk, fleet superintendent Benny Lim was presented with a major problem: a vessel he was managing broke down in South America. It was stuck there for almost a week and Mr Lim did 12-hour shifts in rotation with a colleague to troubleshoot with […]

Business

Renminbi seen as safe haven after strong showing

The Chinese renminbi is drawing attention as a haven from volatility after its best quarter in 12 years. The onshore renminbi gained 3.8 per cent in the three-month period ending Sept 30, the most since early 2008, while its offshore counterpart advanced more than 4 per cent. That was more than Group of Ten (G-10) […]

Business

Lower demand with remote working

Leasing activity remained muted during the second quarter as brokers were unable to close deals during the circuit breaker period. The demand for new office space in the near term is likely to remain weak because remote working is continuing to be the default mode of operation, even after the circuit breaker. Also, corporate occupiers […]