A warehouse operator in Singapore is shaping up to be Asia’s biggest buyout deal. Three private equity groups are working on bids for Global Logistic Properties Ltd. by an early February deadline, according to people familiar with the matter. Blackstone Group LP is considering going head-to-head with a Warburg Pincus consortium and a Chinese group […]
Read MoreSINGAPORE (REUTERS) – Singapore’s non-oil domestic exports in December were expected to rise from a year earlier, but analysts remain cautious about the outlook, a Reuters poll found on Friday (Jan 13). Non-oil domestic exports likely rose 5.8 per cent from a year earlier, according to the median forecast in the survey of 10 economists. […]
Read MoreSINGAPORE – Retail sales in Singapore edged up 1.1 per cent in November from the previous year, according to figures released by the Department of Statistics (Singstat) on Friday (Jan 13). But they fell again when motor vehicles are excluded, registering a 2.1 per cent fall. Sales of vehicles notched the only double-digit percentage increase […]
Read MoreSINGAPORE – Singaporeans are tightening their belt this Chinese New Year, with plans to cut overall spending, according to a recent United Overseas Bank survey. The respondents said they intend to spend an average of $2,503 each, down by 11 per cent from last year’s budget of $2,805. About 500 people aged between 18 and […]
Read MoreMAKATI (BLOOMBERG) – Asia’s smallest economies are growing faster than giants like China, according to the World Bank. Cambodia, Laos and Myanmar will post the most rapid expansions in Asia after India from 2017 to 2019, sustaining growth rates of close to 7 per cent, according to forecasts released this week. Among the least developed countries, the […]
Read MorePresident Bounnhang Vorachit on Thursday held a bilateral meeting with his Singaporean counterpart Tony Tan Keng Yam who is on a three-day official visit to strengthen ties and cooperation between the two countries. At the meeting, which was also joined by senior officials of the two countries, President Yam praised the Lao PDR’s chairmanship of […]
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