China unveils sweeping measures to rescue property market
BEIJING - China announced its most drastic move to shore up the beleaguered property market by removing the floor on mortgage rates and encouraging...
S’pore-listed Eagle Hospitality Trust CEO seeks to contest four disclosure-related criminal charges
SINGAPORE - Salvatore Takoushian, chief executive officer of Singapore-listed Eagle Hospitality Trust (EHT), is looking to contest four criminal charges under the Securities and...
Malaysia’s GDP growth surprises as recovery accelerates
KUALA LUMPUR - Malaysia’s economy expanded faster than initially estimated in the first quarter, driven by private spending and a rebound in exports. Gross...
Malaysia’s Q1 GDP growth beats forecasts at 4.2% amid declining exports
Malaysia’s economy grew more than expected in the first quarter of 2024, underpinned by strong domestic demand that offset weakening exports, the central...
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...
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...
China consumer spending slows unexpectedly in warning sign for the economy
BEIJING - China’s consumer spending growth unexpectedly slowed in April while industrial production accelerated, highlighting the lopsided recovery of the world’s second-largest economy. Retail...
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...
China home prices fall at fastest pace in decade despite revival efforts
BEIJING - China’s home prices fell at a faster pace in April, underscoring why the government is stepping up efforts to tackle the years-long...
Businessmen in Singapore placed on China’s wanted list weeks after money laundering raid in...
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...