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December, 4, 2016

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Business > Asia > Singapore
Singapore tops list of world's most expensive places to live
The soaring cost of cars and utilities as well as a strong currency have made Singapore the world's most expensive city, toppling Tokyo from the top spot, according to a survey Tuesday.
 
Technological innovations boost sky-high Wi-Fi access
Wi-Fi in aircraft, hobbled in the past by slow speeds, could soon take off as new technology enables passengers to surf the web as if they were in a coffee shop, Internet executives say.
 
Singapore said Friday that measures it had implemented to cool down the property market have succeeded but it was "too early" to relax them.
 
The number of people made bankrupt last year rose by 14 percent to reach 1,992 -- the highest percentage since 2009.
 
Shares in Taiwan pulled back Thursday on reduced turnover, after rallying the previous day, as investors took cues from a lackluster Wall Street overnight, dealers said.
 
Travelers from China are swarming the world and Singapore is seeing them in record numbers.
 
Acer Inc. is set to boost its revenue, gross margin and operational efficiency this year as it continues restructuring efforts and bets its future on cloud computing technology, its top executive said Wednesday.
 
A spate of high-profile cybercrimes has targeted major retailers in the U.S. Despite this, many shops worldwide have been slow to adopt more sophisticated cyber security systems, experts say. The problem: Most retailers -- and consumers -- believe that cybercrime affects only online players.
 
Boosted by a move by the local government to relax day trading rules, the trading volume of Taiwan's share market on Thursday posted a record of NT$134.15 billion, the highest since March 17, 2011.
 
UBS recently announced that a traveling exhibition of 19 world-renowned contemporary art pieces from the UBS Art Collection has kicked off at the Bellavita Art Gallery, Taipei.
 
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