Singapore Real Estate / Built Environment
URA taps private sector architects, planners for ideas to redevelop Sembawang Shipyard
Singapore’s urban planning authority is tapping private sector planners and architects to design a future seafront district in Sembawang Shipyard, which will help to meet the country’s land needs in the medium to long term.
https://www.straitstimes.com/singapore/ura-taps-private-sector-architects-planners-for-ideas-to-redevelop-sembawang-shipyard
2024 wrapped: The biggest housing stories of the year and what’s next
Singapore – A new classification for Build-To-Order (BTO) flats, a fourth round of property cooling measures and more financial support for first-time home buyers were among key housing policies rolled out in 2024.
https://www.straitstimes.com/singapore/housing/2024-wrapped-the-biggest-housing-stories-of-the-year-and-whats-next
Singapore News
Singapore watching four diseases as part of pandemic preparedness: Ong Ye Kung
Singapore – The health authorities in Singapore are keeping watch on four diseases, including Covid-19, H5N1 and mpox, as part of efforts to prepare the Republic for another pandemic.
https://www.straitstimes.com/singapore/health/singapore-watching-four-diseases-as-part-of-pandemic-preparedness-ong-ye-kung
https://www.zaobao.com.sg/realtime/singapore/story20241221-5630669
No Singaporeans injured in Germany Christmas market attack: MFA
There are no reports of Singaporeans directly affected or injured in an attack on a Christmas market in Germany, Singapore’s Ministry of Foreign Affairs (MFA) said on Sunday (Dec 22) morning. MFA also advised Singaporeans in Germany to avoid crowded places.
https://www.channelnewsasia.com/singapore/germany-christmas-market-attack-no-singaporeans-injured-4821311
SCCCI calls for Budget 2025 to help SMEs ease business costs, improve workforce productivity, build green capabilities
The Singapore Chinese Chamber of Commerce and Industry (SCCCI) has called for the government to provide targeted measures to help small and medium-sized enterprises (SMEs) ease business costs, improve workforce productivity and build green capabilities more quickly, in its Budget 2025 wish list.
https://www.businesstimes.com.sg/singapore/smes/sccci-calls-budget-2025-help-smes-ease-business-costs-improve-workforce-productivity-build-green
https://www.straitstimes.com/business/sccci-calls-on-govt-to-help-with-business-costs-green-efforts-in-budget-wish-list
Business News
FLCT’s manager appoints Ng Wah Keong as new CFO
The manager of Frasers Logistics and Commercial Trust (FLCT) has appointed Ng Wah Keong as its new CFO, effective Feb 3, 2025. Ng will succeed Tricia Yeo, who will be taking a leave of absence.
https://www.theedgesingapore.com/news/new-appointments/flcts-manager-appoints-ng-wah-keong-new-cfo
OUE Reit divests entire stake in Shanghai office property for 1.9 billion yuan
OUE Real Estate Investment Trust is set to sell its entire stake in Lippo Realty, a real estate service provider that manages and operates an office building in Shanghai, to an unrelated entity for 1.9 billion yuan (S$357.4 million), said its manager in a bourse filing on Friday (Dec 20).
https://www.businesstimes.com.sg/companies-markets/oue-reit-divests-entire-stake-shanghai-office-property-1-9-billion-yuan
Global Economy & Real Estate
Powell’s battle-ready Fed gives the Trump trade a stress test
https://www.businesstimes.com.sg/international/powells-battle-ready-fed-gives-trump-trade-stress-test
Fed policymakers see slower rate-cut path next year
https://www.channelnewsasia.com/world/fed-policymakers-see-slower-rate-cut-path-next-year-4819826
Trump threatens tariffs if EU doesn’t buy more US oil and gas
https://www.businesstimes.com.sg/international/global/trump-threatens-tariffs-if-eu-doesnt-buy-more-us-oil-and-gas
US House passes bill to avert shutdown, Senate vote to follow
https://www.businesstimes.com.sg/international/us-house-passes-bill-avert-shutdown-senate-vote-follow
https://www.channelnewsasia.com/world/republicans-government-shutdown-vote-trump-congress-debt-us-4819976
US consumer spending up in November; monthly inflation subsides
https://www.straitstimes.com/business/economy/us-consumer-spending-rises-in-november-monthly-inflation-subsides
Amazon delays return-to-office mandate for thousands of employees amid lack of office space
https://www.channelnewsasia.com/business/amazon-delays-return-office-mandate-due-lack-office-space-4818036
Hong Kong’s Northern Metropolis MOU a ‘general expression’ of support: minister
https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3291895/hong-kongs-northern-metropolis-mou-general-expression-support-minister
China property flare-ups resurface as crisis enters fifth year
https://www.businesstimes.com.sg/property/china-property-flare-ups-resurface-crisis-enters-fifth-year
https://www.scmp.com/business/article/3291879/china-property-flare-ups-resurface-crisis-enters-fifth-year
Hong Kong will not restore land-sale scheme axed in 2013, official says
https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3291820/hong-kong-will-not-restore-land-sale-scheme-axed-2013-official-says
Japan’s inflation accelerates on energy as Bank of Japan seeks more data
https://www.businesstimes.com.sg/international/japans-inflation-accelerates-energy-bank-japan-seeks-more-data
Malaysia’s inflation eases to 1.8% in November, below expectation
https://www.businesstimes.com.sg/international/malaysias-inflation-eases-1-8-november-below-expectation
Johor-Singapore SEZ poised to fuel next-level growth for Malaysia and Singapore: Standard Chartered Malaysia CEO
https://www.businesstimes.com.sg/international/global/johor-singapore-sez-poised-fuel-next-level-growth-malaysia-and-singapore-standard-chartered-malaysia
Philippines may open 2025 with rate cut, central banker says
https://www.businesstimes.com.sg/international/philippines-may-open-2025-rate-cut-central-banker-says
South Korea extends ETA waiver for Singaporean travellers by 1 year
https://www.channelnewsasia.com/singapore/south-korea-k-eta-temporary-exemption-2025-4818076
UK business morale falls to 2024 low but pay growth strong: survey
https://www.businesstimes.com.sg/international/uk-business-morale-falls-2024-low-pay-growth-strong-survey
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