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Daily Dispatches – Epidemic of Monday blues in Singapore

I don't like Mondays

I don't like Mondays

Singapore Business Review reports that 70% of employers polled in Singapore say they get more medical certificates on a Monday than any other day of the week, and 72% said employees are most commonly late for work on Monday mornings, according to a new survey.

In addition, almost half the workers polled said they were least productive on Mondays, while nearly three quarters said it was their least favourite day of the week.

New sovereign wealth funds planned for Asia

Research by Invesco reveals that a number of governments around the world, but predominantly in Asia, are planning to set up new public-private investment funds.

The research, which was published yesterday, also noted that the biggest challenge faced by SWFs was finding the right talent, according to a report in AsianInvestor

Macquarie targeting Lloyd’s Aussie assets

Macquarie, Australia’s largest investment bank, may be readying itself to bid for Lloyds Banking Group Plc’s Australian assets, according to anonymous sources quoted by Bloomberg.

Final binding offers for the close to A$9 billion (US$8.4 billion) in assets including leasing and other loans were Sunday. The sale includes Lloyds’s Capital Finance unit and corporate loans valued at more than A$2 billion, the sources mainrtain.

Hong Kong brushes off Alibaba snub

The Wall Street Journal says that analysts are unconcerned about the decision by the world’s second largest e-commerce company to pull its listing from Hong Kong and look, instead, to New York.

The loss is likely to be a bigger hit to perceptions and sentiment than actual exchange revenues, say analysts. Alibaba’s IPO was expected to value the company at around US$70 billion, according to analyst estimates.

Rosy mood in Japan

The Bank of Japan’s key tankan survey has reported a surge in positive sentiment among large Japanese companies in the three months to September, according to a report in the Wall Street Journal. The survey’s results pave the way for Prime Minister Shinzo Abe to move forward with plans to raise the nation’s sales tax to 8% from 5%.

Thai Re planning south-east Asia expansion

Thai Reinsurance is doing a feasibility study on how to expand into other Asean nations, according to a report in Asia Insurance Review. Among the targeted markets are Indonesia, the Philippines and Vietnam, which have large populations and new markets for the reinsurance business.




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