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China Property Bubble Could Cause $600 Billion in Bad Debts

China Property Bubble Could Cause $600 Billion in Bad Debts

China watchers are starting to put a price tag on what any collapse in the nation’s red-hot property market could cost banks. A drop of 30 percent in housing prices could cause 4 percent of total loans worth 4.1 trillion yuan ($615 billion) to sour, according to DBS Vickers Hong Kong Ltd. Commerzbank AG said such a drop could... 

What’s happening, one year after GE2015

What’s happening, one year after GE2015

It's been 1 year and 26 days innit? I mean that's the time since the general election in which the PAP received its current undisputed mandate from heaven....... oops from the people. What has happened since? Lemme see................. No new social spending initiatives - the good old Pioneer Generation Package and other stuff... 

Should Singapore welcome more foreign talent?

Should Singapore welcome more foreign talent?

It's been barely a day after his arrival in India and already, Lee Hsien Loong has signed 3 MOUs with India. The first MOU was signed between Singapore's Institute of Technical Education (ITE) Education Services (ITEES) and India's National Skill Development Corporation on collaboration in technical and vocational education... 



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