China unveils sweeping measures to rescue property market
CHINA announced its most drastic move to shore up the beleaguered property market by removing the floor on mortgage rates and encouraging local governments to acquire homes to convert them…
Malaysia’s Q1 GDP growth beats forecasts at 4.2% amid declining exports
[KUALA LUMPUR] Malaysia’s economy grew more than expected in the first quarter of 2024, underpinned by strong domestic demand that offset weakening exports, the central bank said on Friday (May…
Malaysia’s Q1 GDP growth beats forecasts at 4.2%
[KUALA LUMPUR] Malaysia’s economy grew more than expected in the first quarter of 2024, supported by private expenditure and a turnaround in exports, the central bank said on Friday (May…
Vietnam forfeits billions of US dollars in foreign aid amid anti-graft freeze
VIETNAM has forfeited at least US$2.5 billion in foreign aid over the last three years and may lose another US$1 billion because of administrative paralysis, the United Nations, the World…
Mapletree closes second Japan logistics development fund; expects 110 billion yen AUM
Mapletree Investments has successfully closed Mapletree Japan Investment Country Private Trust (Majic), riding the wave of a booming logistics sector in Japan. Majic is expected to achieve over 110 billion…
Condo rents fall again in April after slight recovery in March: SRX, 99.co
SINGAPORE condominium rents fell again in April after a temporary respite in March, based on flash estimates released by SRX and 99.co on Friday (May 17). Rents in the Housing…
CEO of fallen Eagle Hospitality Trust seeks to contest four disclosure-related criminal charges
SALVATORE Takoushian, chief executive of embattled Eagle Hospitality Trust (EHT), is looking to contest four criminal charges under the Securities and Futures Act, over consenting to EHT’s “reckless” non-disclosure of…
Data leak reveals links between money laundering accused Su Jianfeng and sale of Dubai properties
MONEY laundering accused Su Jianfeng had allegedly worked with a Singapore-based businessman to sell properties in Dubai worth tens of millions to foreigners in Singapore, a data leak of property…
Businessmen in Singapore placed on China’s wanted list weeks after money laundering raid in 2023
TWO businessmen living in Singapore since 2021 have been placed on the wanted list in China for their involvement in a cross-border online gambling syndicate.Su Shuiming and Su Shuijun were…
IMF knocks Biden’s China tariffs as risk to US, world growth
THE International Monetary Fund (IMF) criticised the Biden administration’s decision to aggressively raise tariffs on some Chinese goods, underscoring its warning that tensions between the world’s top two economies risk…