Tag Archives: Singapore

Preflight Covid-19 testing is on the rise — the question is whether it works

Shares of China property developer Evergrande dive after announcing discounted new share sale

China’s Evergrande Real Estate Group. Brent Lewin | Bloomberg | Getty Images SINGAPORE — Shares of China Evergrande plunged on Wednesday, after the indebted Chinese property developer said it had placed new shares at a discount. On Wednesday morning, its Hong Kong-listed shares dived more than 16%. The cash-strapped developer, China’s second-largest by sales, announced… Read More »

Singapore’s economy contracted by 7% year-on-year in the third quarter, official estimates show

A man wearing a protective face mask walks past an indoor waterfall at Jewel Changi Airport in Singapore. Roslan Rahman | AFP | Getty Images SINGAPORE — Singapore’s economy contracted by 7% in the third quarter compared with a year ago, according to official estimates released by the Ministry of Trade and Industry on Wednesday.… Read More »

India announced nearly $10 billion to prop up growth. Economists are not impressed

Girls wearing protective face masks wait to pray inside temple premises on the occasion of the annual harvest festival of Onam, amidst the spread of the coronavirus disease (COVID-19), on the outskirts of Kochi, India, August 31, 2020. Sivaram V | REUTERS SINGAPORE — Economists were not impressed by India’s latest economic stimulus aimed at… Read More »

Southeast Asia struggles to kickstart its battered tourism industry as the pandemic chokes demand

Southeast Asia, home to some of the most tourism-reliant countries in the world, is reeling from the coronavirus-induced global lockdowns — and many of the region’s travel industries are struggling to survive. Even though other regions like Europe have seen travel-related activities lifted, Southeast Asia’s borders have remained largely closed. The World Tourism Organization, a… Read More »

Global housing market is holding up well despite the pandemic, Jefferies strategist says

[ad_1] SINGAPORE — Global real estate prices have largely held their own in the face of an unprecedented economic hit from the coronavirus pandemic, says Sean Darby, global head of equity strategy at Jefferies. “It’s been perhaps one of the most fortunate events for policymakers in that we’ve not really seen any significant declines in… Read More »