Singapore Real Estate / Built Environment
Single leverage limit, additional disclosures imposed on all S-Reits: MAS
All Singapore-listed real estate investment trusts, or S-Reits, will be subject to a minimum interest coverage ratio (ICR) of at least 1.5 times, and an aggregate leverage limit of 50 per cent with immediate effect, in a move to standardise leverage limits across the sector.
https://www.businesstimes.com.sg/companies-markets/single-leverage-limit-additional-disclosures-imposed-all-s-reits-mas
https://www.zaobao.com.sg/realtime/singapore/story20241128-5415631
OneMap expands accessible routes to help the elderly and people with disabilities travel
The OneMap multi-functional map will expand the coverage of accessible routes, including marking accessible facilities in outdoor and commercial places, allowing elderly people and people with disabilities with limited mobility to better plan their travel routes
https://www.zaobao.com.sg/realtime/singapore/story20241128-5412081
https://www.sgenable.sg/news-insights/singapore-hosts-first-zero-project-asia-pacific-symposium–bringing-global-innovators-together-to-drive-disability-inclusion-across-the-region
Singapore Economy
‘Great prospects’ for Singapore and Shanghai to draw closer: SM Lee, Shanghai CPC chief
Singapore’s strong brand name in China comes down to Singaporeans there: SM Lee
Singapore and China’s financial capital Shanghai can draw closer with many more possibilities for collaboration, Senior Minister Lee Hsien Loong and Shanghai party chief Chen Jining said on Thursday (Nov 28).
https://www.businesstimes.com.sg/singapore/great-prospects-singapore-and-shanghai-draw-closer-sm-lee-shanghai-cpc-chief
https://www.channelnewsasia.com/east-asia/lee-hsien-loong-chen-jining-singapore-shanghai-china-cooperation-4775856
https://www.zaobao.com.sg/realtime/singapore/story20241128-5412864
https://www.businesstimes.com.sg/international/global/singapores-strong-brand-name-china-comes-down-singaporeans-there-sm-lee
Singapore, Thailand to further collaboration in green economy, food security, digital economy: PM Wong
Singapore and Thailand can build on its close and longstanding relationship to expand cooperation in areas including the green economy, food security and people-to-people ties, said Prime Minister Lawrence Wong during his first official trip to Thailand since taking office in May.
https://www.businesstimes.com.sg/international/asean/singapore-thailand-further-collaboration-green-economy-food-security-digital-economy-pm-wong
https://www.straitstimes.com/singapore/singapore-and-thailand-to-collaborate-in-new-areas-including-food-and-energy-security
https://www.channelnewsasia.com/singapore/singapore-thailand-bangkok-lawrence-wong-paetongtarn-shinawatra-asean-digital-green-economy-carbon-credits-food-security-energy-4775831
https://www.zaobao.com.sg/realtime/singapore/story20241128-5412830
Singapore’s real incomes rebound in 2024 as inflation eases, but real wage growth for last 5 years still low
Real incomes in Singapore made a rebound in 2024 as inflation eased, recovering from the previous year’s decline, the Ministry of Manpower’s (MOM) annual Labour Force in Singapore Advance Release report showed on Thursday (Nov 28).
https://www.businesstimes.com.sg/singapore/singapores-real-incomes-rebound-2024-inflation-eases-real-wage-growth-last-5-years-still-low
https://www.channelnewsasia.com/singapore/real-incomes-nominal-inflation-wages-salary-4775471
https://www.zaobao.com.sg/realtime/singapore/story20241128-5412633
Global Economy & Real Estate
Australia central bank says inflation too high for near-term rate cut
https://www.businesstimes.com.sg/companies-markets/banking-finance/australia-central-bank-says-inflation-too-high-near-term-rate-cut
Britons give away homes to family in push to escape rising taxes
https://www.businesstimes.com.sg/property/britons-give-away-homes-family-push-escape-rising-taxes
China’s property slump may extend into 2025: Fitch Ratings
https://www.businesstimes.com.sg/property/chinas-property-slump-may-extend-2025-fitch-ratings
German inflation unexpectedly holds steady, backing ECB cuts
Risks to global economy loom large under Trump but Hong Kong has what it takes: Paul Chan
https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3288439/risks-global-economy-loom-large-under-trump-hong-kong-has-what-it-takes-paul-chan
Plan to wipe out substandard flats in Hong Kong may eliminate cheaper homes: operator
https://www.scmp.com/news/hong-kong/society/article/3288479/plan-wipe-out-substandard-flats-hong-kong-could-eliminate-cheaper-homes-operator
New World Development sells Hong Kong sports park stake to parent to tackle debt
https://www.scmp.com/business/article/3288574/new-world-development-sells-hong-kong-sports-park-stake-parent-tackle-debt
Indonesian tycoon eyes theme park, F1 in US$16 billion project
https://www.businesstimes.com.sg/international/asean/indonesian-tycoon-eyes-theme-park-f1-us16-billion-project
https://www.straitstimes.com/business/companies-markets/indonesian-tycoon-eyes-theme-park-f1-in-21-5-billion-project
Core inflation in Japan’s capital accelerates in November
https://www.businesstimes.com.sg/international/core-inflation-japans-capital-accelerates-november
https://www.channelnewsasia.com/business/core-inflation-japans-capital-accelerates-november-4777041
Japan’s Cabinet to approve US$92 billion extra budget
https://www.businesstimes.com.sg/international/japans-cabinet-approve-us92-billion-extra-budget
Japan wobbles on tax hikes to pay for historic defence build-up
https://www.businesstimes.com.sg/international/japan-wobbles-tax-hikes-pay-historic-defence-build
Japan seen reaping record tax revenues in fiscal 2024, sources say
https://www.businesstimes.com.sg/international/japan-seen-reaping-record-tax-revenues-fiscal-2024-sources-say
https://www.channelnewsasia.com/business/japan-seen-reaping-record-tax-revenue-fiscal-2024-sources-say-4775406
Japan’s October factory output rises 3.0% month-on-month
https://www.businesstimes.com.sg/international/japans-october-factory-output-rises-3-0-month-month
Paris clamps down on Airbnb to ease housing crunch
https://www.businesstimes.com.sg/property/paris-clamps-down-airbnb-ease-housing-crunch
South Korea makes first back-to-back rate cuts since 2009
https://www.channelnewsasia.com/business/south-korea-makes-first-back-back-rate-cuts-2009-4775281
Bank of Korea unexpectedly cuts rates for second straight meeting
https://www.channelnewsasia.com/business/bank-korea-unexpectedly-cuts-rates-second-straight-meeting-4775311
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