Finance

Can this ‘CPF Key’ truly unlock the value for old flats?

(Article contributed by Ku Swee Yong, CEO of International Property Advisor Pte Ltd.) In May 2019, the government relaxed rules for older people looking to buy old flats using more money from their CPF accounts. The aim of amending the rules was primarily to improve the demand for older flats, so that the value of older flats may be maintained …

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Joint venture with Temasek terminated due to “bad’ market conditions for residential properties: InvestPenang exec director

Business Processing Outsourcing Prime (BPO Prime), the joint venture (JV) between Temasek Holdings and Penang Development Corporation (PDC), was mutually terminated due to grim market conditions. InvestPenang executive director Lee Kah Choon told Malay Mail on Thu (8 Aug) that the decision to terminate the RM1.3 billion JV (S$429 million) was made based on the findings of a survey conducted …

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Government initiatives such as Resilience Package unlikely to provide significant boost to Singapore’s economic growth: Credit Suisse

Government initiatives with a focus on social spending and infrastructure projects may not have “a strong impact” on Singapore’s economic growth unless global Gross Domestic Product (GDP) growth exhibits “sustained recovery” from the effect of the Sino-US trade war, according to Swiss multinational investment bank Credit Suisse AG. The prediction was made in reference to Deputy Prime Minister Heng Swee …

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Valuation of unlisted assets considered in reviewing GIC and Temasek portfolio risks: Second Minister for Finance Lawrence Wong

The government takes into account the valuation of unlisted assets in GIC and Temasek such as private equity, infrastructure, and real estate when reviewing the overall risks of its whole portfolio of assets, said Minister for National Development and Second Minister for Finance Lawrence Wong on Tue (6 Aug). Responding to a Parliamentary question from Workers’ Party (WP) Member of Parliament (MP) …

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Will Hong Kong people buy Singapore homes?

Some readers ask me whether there will be more Hong Kong people buying Singapore homes, and whether this will raise local property prices and sales volumes. Maybe they know I was from Hong Kong two decades ago. Or they have seen too many media reports on riots in Hong Kong. Like many foreign countries, protests and strikes to Hong Kong …

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Underwriters Laboratories and Enterprise Singapore sign agreement to collaborate on developing standards to support emerging areas

Underwriters Laboratories (UL), a global standards development organization, and Enterprise Singapore, the national standards body of Singapore, have recently signed a collaboration and license agreement at the sidelines of the Pacific Area Standards Congress held in Wellington, New Zealand. The agreement was signed on 9 April 2019 by Ms Sonya Bird (director of international standards at Underwriters Laboratories) and Mr …

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Almost half of Singapore enterprises admit they lack sufficient threat intelligence amid rising cyberattacks in businesses, reveals study by Kaspersky

On Tuesday (30 July), Kaspersky hosted a media briefing session in Singapore and shared updates from its ‘B2B IT Security 2018’ report. The study revealed that Singapore enterprises are aware cyber threats are becoming more sophisticated, but lack of tools and insights to understand these threats prevent these enterprises from effectively addressing them. In fact, close to half (42.6%) of …

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