SINGAPORE ECONOMY
Is there a role for geothermal energy here? Singapore calls for study
Singapore’s Energy Market Authority (EMA) has issued a request for proposal (RFP) to study the Republic’s potential to use geothermal energy for power generation. The non-invasive geophysical study will assess the country’s deep geothermal resource potential at depths of up to 10 km, said the statutory board on Monday (Sep 4).
https://www.businesstimes.com.sg/singapore/there-role-geothermal-energy-here-singapore-calls-study
https://www.straitstimes.com/singapore/new-study-will-assess-singapore-s-geothermal-energy-potential-sites-for-power-plants-ema
https://www.channelnewsasia.com/singapore/geothermal-energy-source-power-singapore-study-ema-3744691
Ravi Menon to step down as MAS managing director, passing baton to MOM perm sec Chia Der Jiun
The Monetary Authority of Singapore (MAS) on Monday (Sep 4) announced that the president of Singapore has appointed Chia Der Jiun as managing director (designate) of MAS from Nov 1 to Dec 31 this year.
https://www.businesstimes.com.sg/singapore/ravi-menon-step-down-mas-managing-director-passing-baton-momperm-sec-chia-der-jiun
https://www.straitstimes.com/singapore/mas-chief-ravi-menon-retiring-on-jan-1
https://www.todayonline.com/singapore/mas-chief-ravi-menon-retire-jan-1-2024-after-36-years-public-service-2246636
https://www.channelnewsasia.com/singapore/mas-ravi-menon-retiring-jan-1-2024-36-years-public-service-3745161
https://www.theedgesingapore.com/news/new-appointments/mas-appoints-chia-der-jiun-new-managing-director
VIEWS, REVIEWS FORUM AND OTHERS
Explainer: What is the new Covid-19 strain ‘Pirola’ and should Singapore be worried about its spread?
Singapore — A new Covid-19 virus strain BA.2.86, also known as “Pirola”, is raising eyebrows among global health experts due to its numerous mutations that could have implications on its infectivity.
https://www.todayonline.com/singapore/explainer-what-new-covid-19-strain-pirola-should-singapore-be-worried-2246771
Billion-dollar laundering bust exposes gaps in Singapore’s illicit money defences
A Singapore money laundering probe involving more than S$1 billion is shining a light on fund flows from abroad and raising questions about loopholes that enabled an alleged crime syndicate to accumulate multi-million dollar bungalows, Bentley cars and cryptocurrency.
https://www.businesstimes.com.sg/singapore/billion-dollar-laundering-bust-exposes-gaps-singapores-illicit-money-defences
GLOBAL ECONOMY & REAL ESTATE
Global house price downturn fades, most markets to rise in 2024: poll
https://www.businesstimes.com.sg/property/global-house-price-downturn-fades-most-markets-rise-2024-poll
https://www.straitstimes.com/business/global-housing-price-downturn-fades-most-markets-to-rise-in-2024
Why China hasn’t unleashed the ‘bazooka’ option to rescue its economy
ttps://www.businesstimes.com.sg/international/global/why-china-hasnt-unleashed-bazooka-option-rescue-its-economy
https://www.straitstimes.com/business/economy/why-china-is-avoiding-using–bazooka-to-spur-economy
China’s price weakness adds to drag on Asean trade
https://www.businesstimes.com.sg/international/global/chinas-price-weakness-adds-drag-asean-trade
China’s mortgage relaxation spurs weekend sales in mega cities
https://www.businesstimes.com.sg/property/chinas-mortgage-relaxation-spurs-weekend-sales-mega-cities
https://www.straitstimes.com/business/china-s-mortgage-relaxation-spurs-weekend-sales-in-mega-cities
https://www.scmp.com/business/china-business/article/3233394/china-property-support-moves-spur-buying-spree-beijing-and-shanghai-concerns-swirl-demand-may-not-be
Country Garden debt deal, China property support moves trigger relief rally
https://www.businesstimes.com.sg/property/country-garden-debt-deal-china-property-support-moves-trigger-relief-rally
Swire chasing 2 stakes worth US$1.3 billion in Shanghai firms with prime sites in Pudong
https://www.scmp.com/business/china-business/article/3233397/swire-chasing-two-stakes-worth-us13-billion-shanghai-firms-prime-sites-pudong
Mainland Chinese companies eye Hong Kong as launch pad for overseas expansion, but some look beyond Western markets, trade body says
https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3233391/mainland-chinese-companies-eye-hong-kong-launch-pad-overseas-expansion-some-look-beyond-western
China unit of Hong Kong’s New World reports US$1.37 billion in home sales, among few bright spots in mainland property sector
https://www.scmp.com/business/article/3233382/china-unit-hong-kongs-new-world-reports-us137-billion-home-sales-among-few-bright-spots-mainland
Housing shortages turn rental apartments into a scarce commodity across Europe
https://www.businesstimes.com.sg/property/housing-shortages-turn-rental-apartments-scarce-commodity-across-europe
https://www.straitstimes.com/business/housing-shortages-make-rental-apartments-scarce-across-europe
250 Hongkongers attend open day for public park at golf course plot taken back by government; villagers voice dismay over revoked putting perks
https://www.scmp.com/news/hong-kong/society/article/3233352/250-hongkongers-attend-open-day-public-park-golf-course-plot-taken-back-government-villagers-voice
JPMorgan sees City of London office values falling 20% this year
https://www.businesstimes.com.sg/property/jpmorgan-sees-city-london-office-values-falling-20-year
New Zealand export volumes post best quarterly gain in 10 years
https://www.businesstimes.com.sg/international/new-zealand-export-volumes-post-best-quarterly-gain-10-years
S Korea’s inflation quickens above forecast, keeping policymakers on watch
https://www.channelnewsasia.com/business/south-koreas-inflation-quickens-above-forecast-keeping-policymakers-watch-3746591
Swedish housing prices rise for third month, defying rate rise
https://www.businesstimes.com.sg/property/swedish-housing-prices-rise-third-month-defying-rate-rise
UK finance minister Hunt says inflation is on track to come down
https://www.businesstimes.com.sg/international/uk-finance-minister-hunt-says-inflation-track-come-down
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