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Singapore new-home sales are likely to fall this year to their lowest level since the global financial crisis, according to property consultancies that cut their forecasts after yet another month of weak transactions.
Electronics exports rose 35.1 per cent in August from a year earlier, following a revised increase of 16.8 per cent the previous month, according to data released by Enterprise Singapore on Tuesday. That was the fastest growth since June 2010.
Singapore is prepared to make “bold changes” to regulatory structures in an attempt to revive its languishing stock market, according to its Second Minister for Finance.
The losses could trim 0.15 percentage points off 2024’s economic growth, according to state media, citing an estimate by the Ministry of Planning and Investment. Third-quarter growth could see 0.35 percentage points shaved off, while the fourth quarter may see a hit of 0.22 percentage points. The government previously targeted this year’s expansion at as much as 7 per cent.
A senior official from Parti Islam Se-Malaysia said if voters in central Pahang state – home to Genting Bhd.’s casino – wanted gambling to end, they should choose the Islamic party. The party is tapping into concerns by the country’s Muslim majority over gambling, which is forbidden in the Koran.
An Indian tycoon behind an apparel empire has just paid £21 million (US$27 million) for a home in London’s Notting Hill district, marking one of this year’s biggest UK residential deals that defied a wider slowdown in luxury sales.
Tech billionaire Elon Musk has labelled the Australian government as “fascists” over proposed new laws to crack down on digital misinformation, particularly on social media websites.
Philippine regulators are investigating the alleged robbery and sexual assault of a Vietnamese woman who booked a car ride via Grab Holdings Ltd.