SINGAPORE – HDB housing loans, currently offered at 2.6 per cent per annum, are emerging as a more attractive and stable option for risk-averse owners as mortgage rates from private banks rise. Banks have been increasing their housing loan rates since the US Federal Reserve raised interest rates by 75 basis points on June 16.
WASHINGTON (AFP) – With inflation rising sharply, and the Federal Reserve raising interest rates, the United States is facing an increased risk of a downturn, IMF managing director Kristalina Georgieva said on Friday (June 24). The world’s largest economy rebounded strongly from the pandemic downturn, but with the “unwelcome side effects” of rising prices, she […]
TOKYO, Jun 24, 2022 – (JCN Newswire via SEAPRWire.com) – Mitsubishi Corporation and Murata Manufacturing Co., Ltd. have agreed on a cooperative framework for working toward a carbon-neutral society. Virtual PPA Overview This framework is being developed with the aim of achieving carbon neutrality at the global level, while introducing renewable energy at the company […]
SINGAPORE (THE BUSINESS TIMES) – Nutryfarm International’s financial controller and joint company secretary Yang Kai Leong will step down from July 31 this year to pursue other career opportunities, the durian and health foods distributor said on Friday (June 24). The move comes around four months after his appointment on April 6 this year. The […]
SINGAPORE (BLOOMBERG) – BlackRock is poised for a major expansion in Singapore as it follows other international firms looking to tap capital flows into South-east Asia. The world’s largest asset manager is in discussions to double its floor space at an office block in the city-state’s central business district, according to people familiar with the […]
LONDON (BLOOMBERG) – In an office not far from the Houses of Parliament, Antony Jenkins is plotting the future of global banking. His ambition is to serve one tenth of the world’s population – or one billion people – by providing the technology behind everything from checking savings to loans. Mr Jenkins’ business, 10x Banking […]
HONG KONG, Jun 24, 2022 – (ACN Newswire via SEAPRWire.com) – Grand Ming Group Holdings Limited (the “Company” and together with its subsidiaries, the “Group”, stock code: 1271.HK) today announces its annual results for the year ended 31 March 2022 (“FY 2021/22”). Highlights— Revenue amounted to HK$817.9 million, a decrease of 45.2% from the previous […]
HONG KONG (BLOOMBERG) – On trading floors in New York and Hong Kong, the brightening mood toward Chinese technology companies is unmistakable: With stocks like Alibaba Group Holding and Tencent Holdings surging from multi-year lows, talk of a new bull market is growing louder. Yet speak to executives, entrepreneurs and venture capital investors intimately involved […]
NEW YORK (BLOOMBERG) – A broad-based sell-off in digital assets and the collapse of high-profile tokens TerraUSD and Luna have caused ripple effects across the crypto industry. A wave of liquidations triggered fear of contagion risks. Major lenders Celsius Network and Babel Finance have frozen withdrawals, and Three Arrows Capital, a major crypto hedge fund, […]
In this July 6, 2021, file photo, a patient receives a Johnson & Johnson vaccine against COVID-19 in Hammanskraal, South Africa. (ALET PRETORIUS / AP) QUITO / ROME / WASHINGTON / JOHANNESBURG – South Africa has repealed COVID-19 restrictions on mask-wearing in indoor public spaces, limits on the size of gatherings and entry requirements at […]
European Commission President Ursula von der Leyen (forth left) and European Commission Executive Vice-President Frans Timmermans (second left) attend a press conference with commissioners in Brussels, Belgium, on July 14, 2021. (ZHANG CHENG / XINHUA) BRUSSELS – The European Parliament will on Wednesday try again to agree on more ambitious climate change policies, after rejecting […]
OTTAWA – Canada will spend $3.8 billion over six years to modernize its continental defense as part of its alliance with the United States through the North American Aerospace Defense Command (NORAD) and "to protect Canadians from new and emerging threats," Canadian Defense Minister Anita Anand announced on Monday. Canada will also establish a "Crossbow" […]
JAKARTA, Jun 23, 2022 – (ACN Newswire via SEAPRWire.com) – The upstream sector accounted for the largest share of state-owned oil and gas firm PT Pertamina’s (Persero’s) net profit as Indonesian crude prices (ICP) soared in 2021. Pertamina Hulu Energi Offshore Southeast Sumatra (PHE OSES) well in Seribu Islands waters off North Jakarta’s coast (ANTARA […]
TOKYO (REUTERS) – Japan’s factory activity growth slowed to a four-month low in June as China’s Covid-19 curbs disrupted supply chains, while many other economies in Asia were also facing headwinds amid growing risks to the outlook from a potential United States recession. Australia’s manufacturing activity held steady this month, data showed on Thursday (June […]
SINGAPORE (BLOOMBERG) – The dislocation of global fuel markets after Russia’s invasion of Ukraine has boosted the cost of shipping products such as diesel by sea. Rates to haul fuels such as petrol and diesel, known in the industry as clean tanker freight, have more than doubled this year to the highest since April 2020, […]
New York, NY, June 15, 2022 – (SEAPRWire) – The Randstad, Netherlands / / 13 JUNE, 2022 / MentorCalls released a mobile app for connecting people with renowned professionals and leading industry minds to help people find the guidance they need to start or further their respective careers. MentorCalls is a startup app which allows users to connect with […]