Singapore 

New large-scale tourism development to be built in Jurong Lake District, Singapore News

SINGAPORE – The up-and-coming Jurong Lake District will welcome a new 7ha integrated tourism development from 2026. The Singapore Tourism Board (STB) will be calling for an expression of interest exercise for the development, which will feature a hotel, attractions, eateries and shops, it was announced on Tuesday (April 16). The now-vacant plot of land sits adjacent to Chinese Garden MRT station and the site where a new Science Centre will be built in Jurong Lake Gardens East. Making the announcement at STB’s annual tourism industry conference, Senior Minister of…

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China 

China’s unsustainable debt levels may trigger large-scale corporate defaults, OECD warns

Risks of large-scale corporate defaults are mounting in China, despite economic growth that “remains robust by international standards”, according to a new report.The Paris-based Organisation for Economic Cooperation and Development (OECD) found that sagging domestic demand and weak export orders have led Chinese authorities to swiftly resort to stimulus measures, through expansionary monetary policy, tax cuts and infrastructure spending.The OECD is an influential intergovernmental economic… Source link

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