Singapore 

Woman takes taxi from Merlion Park to Chinatown Point — but meter shows different fare from receipt, Singapore News

A woman who flagged down a taxi at Merlion Park to get to Chinatown Point was shocked when she noticed the fare reflected on the vehicle’s meter on Tuesday (June 25) at about 6.52pm. Halfway through the journey, the total fare reflected was already $16.31. She immediately called her husband, Stomp contributor Tony, who told her to make sure she asked the driver for a receipt before paying the fare. Tony, who is a taxi driver himself, said that the fare was too high. “This was just halfway through the…

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Home 

Central-Wan Chai Bypass elevates the fortunes of working-class neighbourhood of North Point

In Hong Kong’s Eastern District of North Point, the old and the new blend seamlessly together. Alongside new, upscale residential projects and glass-fronted office towers, stand decades-old residential buildings, a bustling wet market and even the State Theatre, a Grade 1 historic building. Sun Hung Kai Properties achieved HK$61,000 (US$7,777) per square foot for a flat at its new Victoria Harbour development, while Henderson Land Development’s office tower at 18 King Wah Road sold for HK$9.95… Source link

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Forget the trade war. Healthy fundamentals point to a sustained economic run, BlackRock says

Investors need to look beyond the noise being generated by the US-China trade war and focus on the underlying health of the global economy, according to Mark D. Wiseman, the global head of active equities at BlackRock, the world’s largest asset manager.There’s no reason to believe that the current environment is not sustainable for a very long time, Wiseman told the South China Morning Post.Fundamentals are “pretty darn good,” Wiseman said, noting that corporate debt and credit both appear to… Source link

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Global 

Wholesale traders in Yiwu rue losses as US tariffs point to a woeful purchasing period ahead of Thanksgiving and Christmas

Jiang Junhong, idling at a stall stacked with hundreds of flashlights and light-emitting devices of different designs, perks up whenever anyone approaches his space at the Yiwu International Trade market.His once bustling business, where the minium order filled up entire 20-foot shipping containers, had dwindled ever since US President Donald Trump fired the first salvo of his trade war with China last year. For the first time in a long while, he has to serve retail customers, selling… Source link

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Fear not, Hong Kong: trade talks, monetary loosening and the Greater Bay Area point to better times for the economy

Hong Kong may only have managed an expansion of 0.5 per cent in the first quarter, the smallest increase since 2009, but markets shouldn’t necessarily overreact. There remains every possibility Beijing and Washington could resolve their trade differences while potential developments in US monetary policy may work to Hong Kong’s advantage. Last Friday, meeting Slovakian Prime Minister Peter Pellegrini at the White House, US President Donald Trump nevertheless felt the need to reference US trade… Source link

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China 

China economy critic sees ‘turning point’ that could level playing field between private sector and state

A staunch critic of the influence of the state in China’s economy believes there has now been a “turning point” in the treatment of private businesses, arguing a level playing field between state and private firms could emerge in the world’s second largest economy.Nicholas Lardy, senior researcher at the Peterson Institute of International Economics, sees “encouraging” signs due to the support shown by President Xi Jinping from last year after China had initially taken a backwards step on… Source link

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Opinion | What El Niño, pork supply and steel production have in common – they all point to China needing a stronger yuan

A pig on a farm in Changtu county, Liaoning province, on January 17. China is the world’s largest consumer of pork, and thanks to the mass culling of pigs to stop the spread of African swine fever, domestic production is expected to fall at least 4 million tonnes below demand. Photo: Reuters Source link

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Singapore 

Cabby arrested after colliding into pedestrians outside Jurong Point, 2 women taken to hospital, Singapore News

A 63-year-old taxi driver was arrested for dangerous driving after he collided into pedestrian at the junction outside Jurong Point on Saturday morning (Apr 13). Two women, aged 26 and 54, were taken to hospital. Facebook user Cassendra Tay posted photos taken at the scene of the accident and shared what she witnessed. She said she saw the ComfortDelGro taxi hitting the victims, who flew and hit their heads on the road. “Both were bleeding profusely,” she said. In the photos, several passers-by were tending to the women, holding umbrellas…

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Economic data may point to a favourable bounce for investors midyear, but market risks remain

During a game of rugby, players will often chase long kicks downfield to get behind the opposition’s defensive line. If the player can recover the ball, this can be a great strategy, but the oval shape of ball, which allows it to bounce at unexpected angles, makes this challenging. However, a perfectly timed kick and chase when combined with a fortunate bounce that sees the ball rise to the perfect height for the player can often look like sporting magic.After a strong rally in global equity… Source link

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Philippine developer pitches golf fairway views as selling point, but how about Manny Pacquiao for a neighbour

Property developers in the Philippines are capitalising on demand for homes with views of golf fairways, often selling them at a high premium.“Golf courses add value to nearby properties,” said Ferdinand Martin Romualdez, president of the prestigious Manila Golf and Country Club. “The real estate projects facing the club command a premium price because of the good views and the greens.” David Faulkner, managing director for valuation and advisory services at Colliers Asia, said golf courses… Source link

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