Singapore News
Need to redouble efforts to maintain Singapore’s social cohesion: PM Wong
Singapore must work hard to guard against powerful forces that could pull society further apart along racial and religious lines, said Prime Minister Lawrence Wong on April 1.
MTI announces board appointments for agencies, including DBS CEO Tan Su Shan for EDB
The Ministry of Trade and Industry (MTI) has announced board appointments across five statutory boards, with the changes taking effect from Tuesday (Apr 1).
Business News
Ho Bee Land drops AVJennings bid; Australian property developer to be acquired by US fund
Real estate group Ho Bee Land on Tuesday (Apr 1) said it has decided not to proceed with its offer for Australian property developer. This comes after AVJennings accepted a competing binding offer.
European private equity company Inflexion opens Singapore office
London-based private equity company Inflexion is expanding to Singapore with the opening of an office in the city-state. The firm, which specialises in mid-market transactions, said on Tuesday (Apr 1) that it is appointing Shane Gong as managing director in the investor relations team, leading coverage in the Asia-Pacific.
Keppel divests entire stake in Vietnam’s Palm City for 2.6 trillion dong
Global asset manager Keppel : BN4 -0.87%, through its real estate division, has divested its entire 42 per cent stake in South Rach Chiec City – the developer of the Palm City development in Ho Chi Minh City – to Vietnamese real estate company Gateway Thu Thiem Joint Stock Company.
OUE Healthcare says Mandalay hospital building in which it has a stake damaged by earthquake
OUE Healthcare announced that the Mandalay hospital building of Pun Hlaing Hospitals, in which it owns a 40 per cent stake, sustained damage after the massive earthquake that struck South-east Asia on Mar 28.
Five key executives leave SingPost amid restructuring exercise
Singapore: Five key executives have left Singapore Post amid a restructuring exercise at the company. CNA understands that the departures include Mr Noel Singgih and Ms Sehr Ahmed, group chief information officer and group chief people officer respectively.
Global Economy / Real Estate News
Trump ‘perfecting’ new tariffs as nervous world brace
https://www.businesstimes.com.sg/international/trump-perfecting-new-tariffs-nervous-world-brace
Trump administration begins mass layoffs at health agencies
Factories around the world brace for Trump tariffs
https://www.businesstimes.com.sg/international/factories-around-world-brace-trump-tariffs
US manufacturing activity shrinks for first time this year
https://www.businesstimes.com.sg/international/us-manufacturing-activity-shrinks-first-time-year
US job openings decline in February amid rising economic uncertainty
Australia’s central bank holds rates as it frets over trade war risk
Why China can’t sort out its property market mess
https://www.businesstimes.com.sg/property/why-china-cant-sort-out-its-property-market-mess
China ready to buy more goods from India as US tariffs loom
EU readies ‘strong plan’ against Trump’s global tariff strike
Hong Kong’s March property sales rise to 4-month high, in a sign of improving sentiment
South Korea March inflation +2.1% y/y, slightly above forecast
Thailand says collapsed Bangkok Tower used substandard steel
Vietnam slashes duties on range of imports to head off US tariffs
https://www.channelnewsasia.com/asia/vietnam-slashes-duties-imports-us-trump-tariffs-5036561
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