Soilbuild Group Holdings Ltd ., a Singapore developer, is considering an initial public offering of its industrial properties, said three people with knowledge of the matter. Soilbuild, run by Lim Chap Huat , may list the properties as a real estate investment trust in the city-state,...
Police in Singapore are cooperating with a European law enforcement investigation into the attempted fixing of 680 professional soccer matches. Europol said two days ago a Singapore-based operation tried to fix games across the continent, including World Cup and European Championship ...
3 Degrees Asset Management, asked by Singapore ’s central bank to shutter its operations following allegations that founder Moe Ibrahim diverted assets, lost a legal bid to challenge the regulator’s order, according to two people familiar with the decision. 3 Degrees’s application to ...
Singapore’s jobless rate fell to a five-year low last quarter as companies hired more local workers after the government tightened the inflow of foreign labor. The seasonally adjusted jobless rate fell to 1.8 percent from 1.9 percent in the third quarter, the Ministry of Manpower said...
Mapletree Investments Pte plans to raise more than S$1.5 billion ($1.2 billion) through the initial public offering of a real estate investment trust backed by assets in Hong Kong and China, said two people with knowledge of the matter. Mapletree Greater China Commercial Trust may sta...
U.S. Stocks Little Changed Amid Economic Data, Earnings Watchdog Says U.S. Treasury Failed to Curb AIG, GM Pay Berkshire Said to Have Made NYSE Euronext Bid Last Year AIG Gains on Once-In-Generation Buy Recommendation by Bernstein Christie Proposes $1 Minimum-Wage Increase Over Three ...
An increase in the value of bitcoin, the world’s largest online currency, may fuel concerns that virtual money could undermine the role of central banks. The CHART OF THE DAY shows that bitcoin has more than doubled in the past 12 months, strengthening to $16.37 from $5.88, according ...
Singapore’s Art Stage is luring the growing pool of wealthy Southeast Asian collectors with Damien Hirst’s butterflies, canvases by Indonesian artist Nyoman Masriadi and paintings by singer Bob Dylan. More than 1,000 champagne-sipping VIPs got a preview of the fair before it opened ye...
Enlarge image Singapore Joins Hunt for New Zuckerberg With Stanford-Style Dorm Munshi Ahmed/Bloomberg “In Silicon Valley the culture is there, it’s taken them 30 years to get to where they are today,” said Lily Chan, chief executive officer of NUS Enterprise. “We don’t have it in Sing...
Singapore’s latest round of measures to curb record property prices has become a stumbling block in the city-state’s two-biggest corporate takeover deals. Overseas Union Enterprise Ltd. (OUE) this week gave up its two- month S$13.8 billion ($11.2 billion) tussle against Thai billionai...
Munshi Ahmed/Bloomberg A view shows buildings standing in the skyline of Singapore. Singapore ’s inflation rate rose to the highest in three months in December, reducing the central bank’s scope to ease monetary policy to boost growth. The consumer price index rose 4.3 percent from a ...
Singapore has become an internationally recognized leader among global cities, for its forward-looking policy goals and strong execution. The southeast Asian city-state was found to be literally in a class by itself (pdf) -- “Well Above Average” -- of the 22 Asian cities analyzed by t...
Enlarge image Singapore In-Laws Rage as Women Defy Lee’s Plea for More Babies Chris McGrath/Getty Images A young girl looks on as a couple pose for a photograph at the Singapore Registry for Marriage in Singapore. Singaporean men and women are delaying getting married in part because ...
Singapore’s dollar will underperform most regional counterparts this year as a pickup in the global economy and faster growth among its peers reduces demand for the republic’s top-rated securities, according to HSBC Global Asset Management and Mizuho Asset Management Co. Interest in t...
Singapore ’s exports declined the most in 14 months in December as manufacturers shipped fewer electronics and pharmaceuticals, hurting economic recovery. Non-oil domestic exports slid 16.3 percent from a year earlier, after a revised 2.6 percent drop in November, the trade promotion ...
Singapore ’s industrial building sales may drop 10 percent this year after the city became the first in Asia to impose curbs on such properties, according to the world’s largest closely held commercial real estate broker. The government on Jan. 11 imposed as much as 15 percent in stam...
Singapore home sales rose to a record last year, fueling prices to an all-time high and prompting the government to introduce cooling measures last week. Home sales climbed to 1,410 units in December from 1,087 units in November, according to data released by the Urban Redevelopment A...
Pan Pacific Hotels Group Ltd. via Bloomberg An artist's rendering of the Parkroyal on Pickering. Pan Pacific Hotels Group Ltd. (PPAC) , the hospitality company controlled by billionaire Wee Cho Yaw, will boost the number of rooms in Singapore’s Raffles Place financial district by 57 p...
Swatch Group AG (UHR) , the biggest maker of Swiss timepieces, agreed to buy the Harry Winston watch and jewelry brand for about $1 billion, adding a luxury label through its biggest acquisition ever. Swatch Group will pay Harry Winston Diamond Corp. (HWD) $750 million and assume as m...
Singapore rolled out the most “comprehensive” housing measures since it started cooling the market in 2009 and may drive prices lower for the first time in five years, Mizuho Corporate Bank Ltd. and Barclays Plc said. Homebuyers had to pay 5 percentage points to 7 percentage points mo...
CapitaLand Ltd. (CAPL) , the Southeast Asia developer that is reorganizing into four main units to help focus on its key markets, said it will look to exit some projects in the U.K., India and the Middle East , and reassess its investment in Australia ’s Australand Property Group. The...
Singapore home prices climbed to a record in the fourth quarter after developers sold more homes, a government report showed. The island state’s private residential property price index rose 1.8 percent to 211.90 points in the three months ended Dec. 31, according to preliminary estim...
You need to enable Javascript to play media on Bloomberg.com Play Singapore Grows and Averts Recession Singapore ’s economy expanded more than economists estimated last quarter, averting a recession even after the central bank refrained from monetary stimulus as it sought to contain e...
Singapore property stocks, the best performers on the benchmark Straits Times Index this year, are set to extend their gains in 2013 on higher demand for homes, offices and hotels, according to UOB-Kay Hian Pte. Six out of top 10 gainers on the 30-member gauge have been real estate-re...
Singapore ’s economic expansion eased in 2012 amid weak growth in advanced nations and as companies faced hiring constraints, Prime Minister Lee Hsien Loong said. Gross domestic product rose 1.2 percent in 2012, Lee said in his New Year message released in Singapore today. The growth ...
The 23-year-old Indian victim of a gangrape, which triggered protests and violent clashes in New Delhi , is being treated in a downtown Singapore hospital. “The patient arrived at Mount Elizabeth Hospital ’s intensive care unit this morning at 9:05 a.m. in an extremely critical condit...
Singapore ’s industrial production rose for the first time in four months in November as manufacturers produced more pharmaceuticals, countering a slump in electronics. Manufacturing gained 3.1 percent from a year earlier after a revised 5.1 percent drop in October, the Economic Devel...
A former Singapore banker who allegedly helped Olympus Corp. (7733) engage in what U.S. prosecutors said was a $1.7 billion accounting fraud was arrested in California . Chan Ming Fon was arrested in Los Angeles yesterday and faces U.S. fraud charges in New York, Preet Bharara, U.S. A...
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