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Singapore home prices won’t pop without migrants

Singapore home prices won’t pop without migrants

Singapore’s fertility rate, one of the world’s lowest, makes property demand highly dependent on immigration. Singapore can either have ever-growing housing wealth or fewer foreigners. (Bloomberg pic) SINGAPORE: If Sherman Kwek sounds annoyed, he has his reasons — 2.9 million square feet worth of reasons. That figure, equating to 270,000 square meters, is the total […]

August 14, 2018 | By | Reply More
Indian rupee hits record low of 70 to the dollar

Indian rupee hits record low of 70 to the dollar

South Africa, Argentina, Mexico, Brazil and Russia have also seen their currencies slip over the past week because they remain heavily dependent on foreign capital, especially the dollar. The Indian rupee has been on a downward spiral throughout 2018 after starting the year at 63.67. (AFP pic) MUMBAI: The Indian rupee hit a record low […]

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Brazil’s farmers dump sugar for soy as trade war boosts Chinese demand

Brazil’s farmers dump sugar for soy as trade war boosts Chinese demand

Shifting trade flows are redefining the Brazilian landscape, spurring farmers to align their crops with Chinese appetites – soy plantings have expanded by 2 million hectares within two years. A corn crop at Cercado Grande farm, where expansion of grains cultivation led the farm to scrap a contract with a sugar mill for cane planting […]

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South Korea bans recalled BMWs from streets pending safety inspections

South Korea bans recalled BMWs from streets pending safety inspections

Once the ban comes into effect, drivers are forbidden from driving their vehicles unless they are taking them to be tested. A BMW sedan is displayed for sale at a BMW dealership in Goyang, north of Seoul, June 12, 2013. (Reuters pic) SEOUL: South Korea Tuesday temporarily banned from the streets all recalled BMW cars […]

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Malaysia's GDP to contract by 1.3% if tariff slapping escalates

Malaysia's GDP to contract by 1.3% if tariff slapping escalates

KUALA LUMPUR: Malaysia’s gross domestic product (GDP) could contract by 1.3% in two years, should the trade war between the US and China intensify. CIMB Group chief economist Dr Donald Hanna said the contraction on Malaysia’s economic growth is possible in the event of continuous escalation of tariff imposition and a confidence shock in the […]

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SSM offers up to 80% discount on compounds

SSM offers up to 80% discount on compounds

PETALING JAYA: Companies Commission of Malaysia (SSM) is offering up to 80% discount for compounds imposed on companies, starting Sept 1 until Dec 31. Domestic Trade and Consumer Affairs (KPDNHEP) Minister Datuk Saifuddin Nasution Ismail, who officiated SSM National Conference 2018 this morning, said the move was taken in conjunction with SSM’s “Comply with Company’s […]

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Win RM128,888 in prizes at MR. D.I.Y.

Win RM128,888 in prizes at MR. D.I.Y.

IN conjunction with the upcoming Merdeka Day, MR. D.I.Y. Presents its “Poket Selamat Promotion” which will run until Aug 31. Rewards valued over RM128,888 are up for grabs and include a Honda City and 10units iPhone X. For a chance to win: 1) participate in the “Buy, Snap & Win” contest by purchasing any P&G […]

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Indonesia president to hold cabinet meeting on foreign exchange strategy

Indonesia president to hold cabinet meeting on foreign exchange strategy

The meeting to discuss how to bolster foreign exchange reserves is due to be held at 1.30 pm on Tuesday. Indonesian President Joko Widodo. (Reuters pic) JAKARTA: Indonesian President Joko Widodo will hold a cabinet meeting on Tuesday to discuss foreign exchange strategy, a finance ministry spokesman said, a day after the rupiah plunged more […]

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MAHB shares fall further on Turkey lira crisis

MAHB shares fall further on Turkey lira crisis

PETALING JAYA: Malaysia Airports Holdings Bhd’s (MAHB) share price fell further this morning on the back of the Turkey lira crisis. At midday, the stock was 0.86% or 8 sen lower at RM9.25 with 4.71 million shares traded, making it the eighth top loser in the morning session. Yesterday, it was the top loser on […]

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Bitcoin drops below US$6,000 as almost every cryptocurrency sinks

Bitcoin drops below US$6,000 as almost every cryptocurrency sinks

The largest digital currency fell as much as 6.2% to $5,887 as of 10:44 am in Hong Kong, the lowest level since June, according to Bloomberg composite pricing. A pile of coins representing Bitcoin cryptocurrency sit grouped together in this arranged photograph in London, U.K., on Wednesday, Feb. 7, 2018. (Bloomberg pic) HONG KONG: Bitcoin […]

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