ERA Realty sold for over $100mTHE Republic's biggest real estate agency, ERA Realty Network, has been sold for over $100 million to Indonesian private equity firm Northstar Group, months after owner Harry Chua put it on the market.迷你倉庫 The price is shy of the $150 million that Mr Chua's Hersing Corporation is said to have asked.Continued China deceleration seen hitting S'pore sectorsWITH Singapore's growth so closely tied to China's economy, even the slightest slowdown in the East Asian giant is bound to be felt here and one dominant view is that the immediate future may hold some pain in store. Economists BT spoke to say a continued Chinese deceleration will hit Singapore's exports, tourism sector and property market the hardest, with dampening effects potentially lingering in 2014.PRs trip on ringfence around landed homesTHE number of approvals granted to permanent residents wanting to buy landed homes on mainland Singapore has fallen sharply, since the authorities further tightened the eligibility criteria in 2011 to ensure these scarce properties remain the primary preserve of Singapore citizens. The Singapore Land Authority told BT that such approvals fell from 145 in 2010 to 117 in 2011 to just 31 last year (the first full year after the tightening).How accurate is that financial statement? Just make a guess WHAT if someone told you that the financial statements of a company that you depend on to make your decisions - as an investor, creditor, potential acquirer or some other stakeholder - were almost totally the result of human judgment rather than hard fact? It would seem an unbelievable scenario to many. But the fact is, it is now very much the reality here.MF report weakens case for weaker yenTHE yen is now "moderately undervalued", an International Monetary Fund report suggested - a finding that would make it harder for Japan to easily get its partners' approval for any further depreciation of the currency as a means to anchor economic recovery.Malaysian exports in June fall for 5th straight monthMALAYSIA'S June exports have dropped 6.9 per cent year on year for a fifth successive month 儲存ollowing a bigger decline in electrical and electronic (E&E) shipments to China and the US. "The contraction is twice as much as I expected," said RAM Bhd chief economist Yeah Kim Leng who nonetheless remains confident that firming demand in the US and Japan and the bottoming-out of Europe's economic woes would lift exports in the remaining six months.Telcos play respective gambits in OTT gameIN the battle for data revenue, all three telcos are striking back hard. SingTel has become the first local operator to team up with the industry's thorn in the side - over-the-top (OTT) enfant terrible WhatsApp. Rival StarHub will do the same with an unnamed social messaging service, and M1 has thrown its lot in with the industry's answer to OTT players - Rich Communications Services (RCS).Home prices could slip with oversupply expected: KwekKWEK Leng Beng, executive chairman of City Developments, says that unless the global and domestic economies rebound strongly and curbs on foreign buyers for private residential property sales are reviewed, the group expects some oversupply in the Singapore residential sector from next year.New man taking the helm at CPIB from Oct 1A NEW director has been appointed to head the Corrupt Practices Investigation Bureau (CPIB) from Oct 1, while formal warning letters have been issued to both the current and immediate-past CPIB director for supervisory lapses that occurred during their respective terms.Growth of 2.5-3.5% seen for 2013: PM LeeTHE economy is "holding steady" amid global uncertainties and is now expected to grow 2.5 to 3.5 per cent this year, Prime Minister Lee Hsien Loong said. This was a stronger upward revision of the government's earlier 1-3 per cent growth projection than market economists had expected.Tight car insurance market nudges AIG into niche areasAMID intense competition in the motor insurance market, the Singapore arm of insurance giant American International Group (AIG) is diversifying into niche lines of commercial insurance. AIG Singapore, formerly known as Chartis, will expand its trade credit, political risk, and aviation insurance businesses.新蒲崗迷你倉
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