Real Estate
US cuts borrowing estimate, sees smaller year-end cash pile
THE US Treasury reduced its estimate for federal borrowing for the current quarter and projected the government’s cash buffer to decline towards year-end, just ahead of a possible fresh...
Keppel unit forms JV to provide urban planning services in Shandong, China
A UNIT of global asset manager Keppel has entered a joint venture (JV) to provide consulting services – such as urban planning, industrial promotion and smart city solutions –...
Xiaomi buys 842 million yuan site in Beijing to expand EV production
CHINESE tech company Xiaomi has purchased a plot of land in Beijing for 842 million yuan (S$156 million) to expand electric vehicle (EV) production following the early success of...
Prada to open 8,000-square-feet Hong Kong store after years of downsizing
PRADA is renting an 8,000-square-foot store in K11 Musea, a harborfront luxury shopping mall by New World Development, sources familiar with the matter said. Construction work for the two-floor...
More cars getting their COEs revalidated in first five months of 2024
MORE car owners are choosing to keep their vehicles for more than 10 years, with 3,949 cars getting their certificates of entitlement (COEs) revalidated in the first five months...
South Korea to support vendors hit by Qoo10 payment delays, Singapore-based founder pledges compensation
South Korea will provide US$400 million in financial support to small businesses hit by payment delays on two Qoo10 e-commerce platforms, and the Singapore-based firm’s founder pledged to use...
Raffles Medical H1 earnings slide to S$30.6 million; chairman says insurance must not become ‘arms war’ between firms
If insurance companies continue trying to outdo each other, the risk pool could become untenable, says the group’s executive chair Loo Choon YongMAINBOARD-LISTED Raffles Medical Group on Monday (Jul...
Proposed MAS changes offer relief to S-Reits nearing regulatory gearing limits
While the proposed changes are unlikely to alter their capital management strategies, Reits will have more latitude to manage leverage requirementsSINGAPORE-LISTED Real estate investment trusts (S-Reits) nearing existing regulatory...
