Singapore / DPA The strong wage growth that workers enjoyed last year might not be sustainable, given the lacklustre economic outlook and Singapore’s flagging labour productivity. Ministry of Trade and Industry (MTI) permanent secretary Ow Foong Pheng said at a press briefing that demand for labour may be more subdued this year, given the “challenging near-term outlook for the Singapore ...

Islamabad / DPA The number of Koreans who travelled abroad reached a monthly high in January, according to figures from a government-run tourism agency. Pakistani banks have been allowed to restore normal financial relations with Iran in the wake of lifting of ban on Tehran by the United Nations Security Council (UNSC). The State Bank of Pakistan (SBP) issued on ...

Dublin / AFP Ireland faced political uncertainty on Saturday after two exit polls indicated voters had punished the governing coalition in Europe’s fastest-growing economy, still feeling the pain of years of austerity. As counting got under way following the parliamentary election, it appeared PM Enda Kenny’s centre-right Fine Gael and its Labour junior partner would lose support as voters angry ...