Singapore 

Subscription service Access by BMW lets you drive a BMW from $2,388 a month, Lifestyle, Digital, Singapore News

Access by BMW was launched in Singapore yesterday. It’s one of the island’s first vehicle subscription services. Carro launched a similar service earlier this year. The difference, of course, is that Access by BMW’s only offers BMW cars. Owning a luxury car is woefully expensive in Singapore and it doesn’t help that they depreciate rapidly and incur high maintenance costs. With Access by BMW, all you have to pay is the monthly subscription fee and other daily running costs such as petrol, parking, and ERP fees. BMW takes care of…

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China 

China’s May holdings of US Treasuries dip for the third straight month to a two-year low amid trade war woes

China’s holdings of US Treasuries dipped in May to the lowest in two years amid an escalation of the trade war between the world’s two largest economies.The Asian nation’s pile of notes, bills and bonds fell by US$2.8 billion to US$1.11 trillion, according to Treasury Department data released Tuesday in Washington. It was the third straight month of declines and left the nation’s holdings the smallest since May 2017.China remained the US’s biggest foreign creditor. Japan was next, with US$1.1… Source link

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Singapore 

Singapore first ‘Netflix for cars’ lets you switch between Ferraris, Porsches and Maseratis every month , Lifestyle, Singapore News

It’s been said that comparison is the thief of joy. But when you’re living in the world’s most expensive city, owning a fancy luxury car is mostly a pie in the sky unless you’re one of those crazy rich asians. In that case, shoo! You probably already own a garage full of atas cars of every brand, colour and make. If you’re just a commoner like I am, who’ll probably have to sell my kidney and first-born child in order to afford one, then you’ll want to read on. Carro, Singapore’s…

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Home 

Chinese stocks post biggest gain in month on fiscal stimulus to shore up growth

China’s stocks climbed the most in a month on signs policymakers were ramping up fiscal tools to hold in check a decline in growth just before the release of key economic data.The Shanghai Composite Index rallied 2.6 per cent, or 73.59 points, to 2,925.72 on Tuesday, its biggest gain since May 10. Hong Kong’s Hang Seng Index rose 0.8 per cent to 27,789.34.Signs have been mounting that Beijing has been stepping up efforts to arrest a deceleration in economic growth. The finance ministry said on… Source link

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Home 

Stocks Blog: Traders start fresh month as China blasts US as 'solely to blame' for breakdown in trade talks

Good morning, traders. Well, it’s the first trading day of June, after the wretched performance of Hong Kong and mainland markets in May. The first day starts amid strong pushback from China against the US on trade, saying the world’s largest economy is ‘solely to blame’ for the breakdown in talks.   “It is regretful and worrisome to see how the US has changed,” the nationalist Global Times wrote in an editorial Sunday. “… (I)t is extremely urgent and vital to calm it down and sober it up… Source link

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China 

Donald Trump and Xi Jinping meeting firms for G20 in Japan next month

A potential meeting between China’s President Xi Jinping and his US counterpart Donald Trump at next month’s G20 summit has been flagged for the first time by a Chinese insider.Although a meeting between the two presidents has been widely expected, a former Chinese central bank chief has confirmed that the two leaders will indeed meet in Osaka – although he added that Beijing was not optimistic about achieving a breakthrough in the US-China trade negotiations.“Leaders of China and the US will… Source link

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Singapore 

Netizens raise $350k for leukaemia-stricken Malaysian boy in NUH with 1 month to live, Singapore News

Given a month to live, 11-year-old Tan Yong Hong is fighting another relapse of leukaemia at the National University Hospital (NUH) here. His sister, Tan Hooi Ling, created an online fund-raising campaign on the Give.Asia site earlier this month to help her family foot expected hospital fees of $300,000, including a down payment of $50,000. “Both my parents have been sleeping at the ward due to shortage of funds and I am still in school, staying at the dormitory,” wrote Ms Tan on the campaign’s page. Netizens touched by her…

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Vietnam 

Việt Nam’s four month industrial production surges 9.2% – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

A coal extraction site of Vinacomin’s Cọc Sáu Coal JSC, located in the northern province of Quảng Ninh.  The mining industry stayed flat compared to a year earlier, fueled by the 13 per cent growth in coal exploitation volume at 15.87 million tonnes. —Photo baoquangninh.com.vn HÀ NỘI — The nation’s industrial production index (IIP) saw a positive year-on-year increase of 9.2 per cent in the first four months of this year, according to the General Statistics Office (GSO). The figure was lower than the 10.7 per cent growth seen in the same period last year, but…

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Home 

China’s nationwide new home sales storm ahead in April, extending rebound for second month

Mainland developers reported April sales topping US$115 billion, surging nearly 17 per cent on year and extending upbeat momentum from March, even as new curbs to cooling the housing market were imposed in some cities.Combined contracted sales by the largest 100 Chinese developers totalled 779.8 billion yuan ($115.8 billion) for the month, 5.8 per cent lower than March, according to property consultancy China Real Estate Information Corp (CRIC).The April sales figure represents a gain of 34.6… Source link

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China 

China to collect applications for scrap metal import licences from next month, trade group says

Chinese authorities will start accepting applications for licences to import unspecified quantities of soon to be restricted types of scrap metal from late May, the recycling branch of the China Non-ferrous Metals Industry Association said.The world’s top metals consumer has been clamping down on scrap imports as part of a campaign against foreign solid waste, leaving overseas scrap exporters scrambling to find other markets.Imports of low-grade copper scrap such as coiled cable and waste… Source link

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