Singapore business confidence weakens for third straight quarter; govt, unions and employers agree retirement, re-employment ages should be raised at
Besides concern over price competition in Singapore and Australia, the ratings revision on Tuesday also came on the back of the expectation that Singtel will partially or fully subscribe to its portion of a multibillion-dollar rights issue at debt-hit Indian associate Bharti Airtel.
SALES-related expenses from its franchise segment, higher accruals for commissions and convention expenses drove Best World International's trade and other payables to more than double in 2018.
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