Quoteworthy: "This is a high-quality asset, it is a scarce asset, and we knew that other publishers would look at it, and they did." –— Thomas Rabe, CEO of book publisher Penguin Random’s parent company Bertelsmann, announcing the acquisition of rival Simon & Schuster for almost US$2.2 billion ($2.9 billion).

Singapore GDP rebound but growth likely to slow

As Singapore’s economy shows signs of a strong turnaround in 3Q2020, economists from CGS-CIMB Research and DBS Group Research say the Republic is on track to recover and to meet its full-year GDP forecasts.

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