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My Say: Singapore at 57: Looking ahead with confidence

August 9, 2022 by www.theedgemarkets.com

This article first appeared in Forum, The Edge Malaysia Weekly, on August 8, 2022 - August 14, 2022. - A + A As Singapore approaches its 57th birthday, it faces a more troubled operating environment. This is the product of a dizzying series of events in the past six months which saw geopolitical conflicts, a decisive monetary tightening, high energy prices and growing risks in China. While Singapore’s economy starts off from a strong position in 2022, the going will get tougher as we move into 2023 and beyond. Nevertheless, the republic should adopt a positive approach, taking the more challenging environment as an opportunity to undertake reforms to strengthen its ability to accommodate the changed world. Singapore must deal with a world that has been decisively transformed First, worsening tensions among the world’s big powers have created a more dangerous world for Singapore. Russia’s “special military operation” in Ukraine has put it in conflict … [Read more...] about My Say: Singapore at 57: Looking ahead with confidence

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Singapore joins green finance bonanza with 50-year bond

August 4, 2022 by www.theedgemarkets.com

- A + A (Aug 4): Singapore began marketing its first green bond to raise as much as S$2.4 billion (US$1.7 billion), choosing a 50-year tenor as it joins countries from South Korea to Egypt looking to fund the battle against climate change. With financial markets volatile, the debt maturing in 2072 is being sold via syndicate, a first for the country. Initial price talks centered on the 3.15% area, according a person familiar with the matter, who asked not to be identified because they’re not authorized to speak about it. While Singapore doesn’t have a traditional 50-year bond, the yield on its 30-year conventional debt stood at 2.8% on Thursday, Bloomberg data show. The yield on Singapore's 30-year bonds has risen this year “This offers an opportunity to accumulate ultra long duration with some yield pickup over the 30-year, although the 30y/50y spread is not expected to be much,” said Winson Phoon, head of fixed income research at Maybank Securities. Although … [Read more...] about Singapore joins green finance bonanza with 50-year bond

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Hawaii Home Rented By Justin Bieber At $10,000 A Night Is Going Up For Auction

August 7, 2022 by www.forbes.com

Share to Twitter Share to Linkedin A vacation home in Hawaii that Justin Bieber rented for two weeks in 2015 at $10,000 per night for his entourage is headed to the auction block August 15 with a $5.99 million reserve, meaning the minimum price the seller is willing to accept for the home. Currently listed for $9.95 million, the property is one of Hawaii’s most photographed homes and an escape for the rich and famous with postcard views of a 240-foot natural waterfall, a sports stadium with seating for 450 people, a nine-tee golf course, aquatic center and two-story water slide. With a secluded location on the Big Island’s northeastern shore, Waterfalling Estate made gossip magazine headlines in 2016 when Bieber rented the home for two weeks at $10,000 per night for his entourage, according to TopTenRealEstateDeals.com . Also a favorite for tropical reality TV, Waterfalling Estate was chosen as the film location for Love Island and Ex on the … [Read more...] about Hawaii Home Rented By Justin Bieber At $10,000 A Night Is Going Up For Auction

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Prime residential lands on sale in Bangi

August 4, 2022 by www.theedgemarkets.com

BRDC is selling 49 parcels of prime residential land located within the resort. (Photo credit: Henry Butcher Real Estate Sdn Bhd) - A + A KUALA LUMPUR (Aug 4): Bangi Resort & Development Corporation Sdn Bhd (BRDC), with services by Henry Butcher Real Estate Sdn Bhd, is selling 49 parcels of prime residential land located within the resort, totalling approximately 26.66 acres in size. Henry Butcher Malaysia Chief Operating Officer Tang Chee Meng noted that BRDC has not undertaken any property development projects for a long time, as they have been focussing on running the golf course and hotel in the resort, both of which have been doing very well. "They have also gone upstream into fruit and vegetable farming, to supply the fresh produce that are needed by the F&B outlets in their hotel and golf club biz, De Wan by Chef Wan, The Loaf and Hisashi restaurant, and they are now in a position to sell the excess produce to other hotels, as well as the public. … [Read more...] about Prime residential lands on sale in Bangi

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D’nonce’s unit buys land in Kulai to build factory

August 5, 2022 by www.theedgemarkets.com

- A + A KUALA LUMPUR (Aug 5): D’nonce Technology Bhd’s unit is acquiring 32,375 sq metres of vacant industrial land in Kulai, Johor for RM12.2 million to build a new factory. The group said 82%-owned Attractive Venture (JB) Sdn Bhd is buying the land from ACL Group Sdn Bhd, which is 60% owned by Tang Mei Yean and 40% by Chia Swee Beng. Attractive Venture, which is involved in the design and conversion of advanced packaging materials and distribution of electronic products, will build a factory building with 120,000 sq feet of floor space that will house its production floor, stores and office, said D’nonce in a filing with Bursa Malaysia. Attractive Venture’s three currently rented premises located in Kulai Jaya Industrial Park are at full capacity and the current layout is very inefficient for a controlled production business, said D’nonce. D’nonce, a diversified engineering solutions provider with key customers from healthcare, electrical and electronics … [Read more...] about D’nonce’s unit buys land in Kulai to build factory

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Federal Land: Nurturing communities that cater to each market

August 6, 2022 by business.inquirer.net

Written By: Din M. Villafuerte With five decades of nurturing iconic landmarks and dynamic communities, Federal Land has a solid track record of building innovative property developments. The real estate arm and wholly-owned subsidiary of GT Capital Holdings Inc. has created an impressive portfolio of a diverse mix of projects which includes residential communities, commercial establishments, office spaces and hotels. Since 1972, it has been transforming the Philippine property landscape with its array of well-built developments that feature cutting-edge design and architecture that reimagines the country’s skyline. Guided by its mission to establish dynamic communities for generations to enjoy, the company has built “places for progress and spaces for life.”  From residential high-rises and business centers to five-star hotels and exceptional retail spaces, Federal Land sees to it that its developments are tailor-made to suit the people and communities that it serves. Its … [Read more...] about Federal Land: Nurturing communities that cater to each market

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After The Forum

August 5, 2022 by www.theedgemarkets.com

This article first appeared in City & Country, The Edge Malaysia Weekly, on July 25, 2022 - July 31, 2022. - A + A Additional questions from those who attended The Edge Malaysia RealTalk 2022 were sent via email after the event. Here are the responses from the speakers. Anthony Lee 1. I was recently informed by the joint management office that the unit on the 15th floor has a water leak and it is due to water dripping from the common toilet. May I know who is responsible for repairing this sewerage pipe/water leak? In strata properties, water leaks or seepages that emanate from a higher floor that affect the floor below may be termed as an inter-floor leakage. The source of water leakage is usually the bathrooms, toilets, sewerage, water pipes or roofing, resulting in water stains, paint damage, mould or bio-hazardous wastewater. Unfortunately, inter-floor leakage has become a serious and recurring systemic problem in high-rise … [Read more...] about After The Forum

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Editor Daily Rundown: Democrat Handwringing Accelerates Ahead Of Midterm Elections

April 4, 2022 by dailycaller.com

DEM HANDWRINGING ACCELERATES… HILL : Democratic anxiety grows over Biden’s dismal polls Democrats are growing increasingly worried about President Biden’s standing in the polls seven months out from the midterm elections. Biden hasn’t seen a boost in his approval ratings amid Russia’s war in Ukraine despite support among Americans for the steps that he has taken. While the economy continues to gain jobs and the unemployment rate is low, something Biden touted on Friday, inflation is at a 40-year high and gas prices are through the roof, exacerbated by the Russian invasion. Democrats for months have feared they will lose the House majority this fall, and they are worried about losing the Senate, too, with polls showing Biden performing poorly in key states such as Arizona. “It’s bad,” said one Democratic strategist. “You have an energy crisis that’s paralyzing and inflation is at a 40-year high and we’re heading into a recession. The problem is simple. The American … [Read more...] about Editor Daily Rundown: Democrat Handwringing Accelerates Ahead Of Midterm Elections

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What Are The 15 Best States Where You Can Live On Social Security?

August 5, 2022 by www.forbes.com

Share to Twitter Share to Linkedin Is this a fantasy? In most urban areas, this is a real challenge, but not in some states, where the cost of living is relatively low. According the GoBankingRates , 15 states are in a sweet spot on cost of living and rents, which average just more than $1,000 a month annually. “For many of the 16% of the U.S. population that is 65 and older, living in a low-cost state can go a long way toward making a Social Security check last longer. To find out the best states to live on a Social Security check, GOBankingRates gathered information from a number of sources on the cost of a one-bedroom apartment and the overall cost of living.” Here’s the list: 1. Nebraska 2022 Average Rent: $827 Overall Cost-of-Living Index: 91.8 Nebraska has a cost of living nearly 10% below the national average, but it still has room for more seniors. Only 15.7% of the state’s population is over 65, below the national … [Read more...] about What Are The 15 Best States Where You Can Live On Social Security?

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UEM Sunrise, MR DIY, TWL Holdings, Malaysia Smelting Corp, Syarikat Takaful and Kelington

August 5, 2022 by www.theedgemarkets.com

- A + A KUALA LUMPUR (Aug 4): Here is a brief look at some corporate announcements and news flow on Thursday (Aug 4), which include UEM Sunrise Bhd, MR DIY Group (M) Bhd, TWL Holdings Bhd, Malaysia Smelting Corporation Bhd's (MSC), Syarikat Takaful Malaysia Keluarga Bhd and Kelington Group Bhd. UEM Sunrise Bhd has announced the acquisition of a parcel of freehold land on Jalan Sultan Yahya Petra (formerly known as Jalan Semarak), Kuala Lumpur for RM384.04 million. The vendor is Nipponkey Sdn Bhd, a company largely controlled by Paragon Globe Bhd Chairman Datuk Seri Edwin Tan Pei Seng. As part settlement of the purchase price, Nipponkey signed disposal and land transfer agreements with UEM Sunrise’s indirect wholly-owned subsidiaries, Nusajaya Rise Sdn Bhd and Symphony Hills Sdn Bhd, in relation to land in Iskandar Puteri, Johor. The payment for the Iskandar Puteri land is set at RM148.25 million, the group said. The balance RM235.79 million for the purchase of the … [Read more...] about UEM Sunrise, MR DIY, TWL Holdings, Malaysia Smelting Corp, Syarikat Takaful and Kelington

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