Real Estate
US dollar keeps a grip on 150 yen; China cut leaves yuan unruffled
THE greenback traded above 150 yen for a sixth day on Tuesday (Feb 20), as investors grew less certain that Japan’s era of ultra-low rates will end any time...
First Sponsor H2 net profit plunges 96.8% to S$1.9 million on lower property handover volume in China
Despite the falls, the group, which has operations in China and the Netherlands, said its overall gross margin for the period remained fairly consistent at 45.2 per cent, compared...
China restricts quant fund Lingjun in effort to boost market
CHINA’S stock exchanges on Tuesday (Feb 20) said major quant fund Lingjun Investment had broken rules on orderly trading and barred it from buying and selling for three days,...
Brokers’ take: Analysts cut Elite Commercial Reit targets after factoring in vacancies, lower payout ratio
ANALYSTS have shaved their target prices on Elite Commercial Reit after the real estate investment trust (Reit) posted a 40.9 per cent drop in distribution per unit (DPU) for...
Ringgit tanks to 26-year low; central bank maintains economic prospects remain positive
In a media statement, Bank Negara governor Abdul Rasheed Ghaffour maintained the central bank’s stance that Malaysia’s economic growth remained resilient, underpinned by the improvement in external demand and...
Asia: Stocks struggle even as China slashes rates
ASIAN shares were pinned below 1-1/2 month highs on Tuesday as even a larger-than-expected interest rate cut in China failed to excite investors jaded at the lack of bigger...
With air networks redrawn, Singapore emerges as the best connected among its regional rivals
CITIES around the world from Bangkok to Detroit are fading from international flight networks, as the post-Covid travel boom funnels traffic into more traditional hubs. Across South-east Asia, pre-pandemic...
Billionaire founder of Daiso Industries dies at 80
HIROTAKE Yano, the founder of Japanese discount retailer Daiso Industries, has died of a heart failure. He was 80. He passed away in Hiroshima on Feb 12, according to...
