SINGAPORE: The governments of Singapore and Malaysia stressed on Wednesday that the procurement process for a high-speed rail project linking the wealthy island city state with Kuala Lumpur will be “open, fair and transparent”. In announcing the launch of a joint tender for the 350-kilometre railway, the two governments’ vehicles for the project — Malaysia’s […]
Read MoreSINGAPORE: Singapore’s central bank on Tuesday said it had permanently barred Yeo Jiawei, a former wealth manager of Swiss bank BSI involved in breaches related to Malaysia’s 1MDB fund, from managing financial services firms and advisory activities. In July, a Singapore court jailed Yeo for 4½ years for money laundering and cheating in a case linked […]
Read MoreSINGAPORE’S exports continued to record growth in November, but has eased from October’s stellar showing due to high base effects from a year ago. Non-oil domestic exports (NODX) rose 9.1 per cent in November from a year ago, down from the revised 20.5 per cent growth seen in October. November’s NODX still beat Reuters economist […]
Read MoreCOME Jan 1, there will be a new measure to help borrowers avoid accumulating excessive unsecured debts. The new Credit Limit Management Measure will cap the additional unsecured credit that a financial institution (FI) may extend to a borrower whose outstanding unsecured debts exceed six times his monthly income. Under the new measure, where an […]
Read MoreA SURPRISE move by China’s central bank to raise borrowing costs pushed regional markets into red territory, after the US Federal Reserve’s rate hike. The benchmark Straits Times Index (STI) was not spared on Thursday, ending the day lower by 32.99 points or 0.95 per cent to 3,435.78. Turnover came in at 1.3 billion valued […]
Read MoreTHE Ministry of National Development’s (MND’s) decision to maintain state land sales for private residential development for the next half year at around the same levels as the current half’s slate is seen as a balanced approach between having, currently, a strong land demand and avoiding a potential oversupply in future. JLL national director Ong […]
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Thailand
