Goldman, Temasek investing $110m in a China online literature platform
(10 Jul) - Cloudary Corp, an online literature platform owned by interactive media giant Shanda Group - said on Tuesday that it raised about $110 million through private placements from Goldman Sachs Investments Holdings (Asia) Ltd and Singapore-based investment company Temasek Holdings. The two sides did not reveal the specific...
Singapore’s open door to billionaires shuts out logic
BG (ret) Lee Hsien Loong Indeed, if he [Lee Hsien Loong] could persuade another 10 billionaires to move to Singapore, he would, even if that led to higher income inequality "because they will bring business, they will bring opportunities, they will open new doors, they will create new jobs". - Straits Times interview, July...
Singapore apartment developers eye young, rich Indonesians
Marina Bay Suites (5 July) - A younger generation of high net worth individuals have joined the trend of buying apartments worth millions of dollars in neighboring Singapore. The developers of Marina Bay Suites, a premium residential tower in Singapore, says people in that group have driven up sales of their apartments and penthouses...
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