Citigroup downplays property bubble in Singapore
(24 Feb) Citigroup Inc. (C) said it’s “encouraging” that the city’s household debt tied to the real estate market is only a fraction of property values, downplaying concerns of a bubble. Singapore’s S$203 billion ($160 billion) of mortgages amounted to 24.2 percent of the value of residential properties in the...
Temasek playing with fire… again
(Bangkok Post, 24 Feb) - In the investment world, one must either be very dumb or very smart to make moves such as the one reportedly being contemplated by the Singapore sovereign fund Temasek Holdings Pte in Thailand. Reports over the past week said that Temasek was looking to divest its shareholding in Shin Corp Plc (now called...
SG riot damages more than S$650,000 of Govt assets
Photographer: Roslan Rahman/AFP/Getty Images A police sign board on Dec. 11, 2013, appeals for witnesses near where an Indian national was killed in an accident that triggered a riot late on Dec. 8, in Singapore's Little India district. (19 Feb) A Dec. 8 riot in Singapore’s Little India district, the city’s worst...
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