Singapore 

Man takes photo of commuter on MRT hogging seat with bag, gets flamed instead, Singapore News

A man who tried to “name and shame” a fellow commuter got a taste of his own medicine when he was attacked online instead. A photo posted by All Singapore Stuff on June 24 showed a man in the MRT with his bag placed on the seat beside him. The photo, which was submitted by a reader known only as Eddy, was captioned, “Another person whose bag needs its own seat.” While the faces of the other people in the frame had been censored, the subject of Eddy’s photo had…

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China 

Shenzhen takes economic top spot – again – but Hong Kong is more liveable, study finds

Shenzhen was the most economically competitive city in China in 2018 for a fifth consecutive year but Hong Kong leads the pack in living environment, business environment and development sustainability, according to an annual ranking by a Beijing-based think tank.Shenzhen overtook Hong Kong as the most economically competitive Chinese city in the rankings for 2014 and has held on to the top spot since, with Hong Kong second.The list is compiled by the National Academy of Economic Strategy at… Source link

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Home 

Will July Fourth cost more next year, if Trump’s 25 per cent tariff takes effect on Chinese fireworks?

“American Glory”, “The Spirit of Freedom” and “Big Booom!” may cost consumers in the United States a lot more in the near future.In an escalating trade war with Beijing, the Trump administration is preparing to place tariffs on about US$300 billion worth of Chinese-made goods, including fireworks sporting cheeky names such as “Devils Rejects” and “The Big Kahuna”. The 25 per cent tariffs could go into effect as soon as July, but after this year’s Independence Day celebrations in the US… Source link

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Home 

Hong Kong to become a hub for catastrophe bonds as Greater Bay Area takes shape

Hong Kong could emerge as a trading hub in products that help insurance companies in the “Greater Bay Area” offset risk related to property damage arising from flooding and other natural disasters, according to experts.Catastrophe bonds are structured credit instruments often used by US and Japanese insurers, as well as reinsurers, to raise capital by offloading the insured risks from natural disasters, be it wildfires in California or earthquakes in Nagano.Tow Lu Lim, a partner at law firm… Source link

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Property 

China takes top spot for private equity property investment in Asia in Q1, while Hong Kong finds itself in dogfight with India

Global private equity funds – the most agile investor in the cross-border real estate world – poured US$5.1 billion into China and Hong Kong property in the first quarter of this year, making the spots the top and third most favoured destinations respectively in Asia, according to Knight Frank.China absorbed US$3.6 billion of private equity capital in the first quarter while Hong Kong took in US$1.53 billion. By comparison, $1.56 billion went to second-placed India and $1.3 billion to Japan,… Source link

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Home 

Hong Kong slips behind New York and Nasdaq in five-month global IPO rankings, as trade war takes a toll on sentiment

A lack of blockbuster listings has seen Hong Kong slip to third place in the worldwide IPO rankings, according to data provider Refinitiv.In terms of total proceeds, it was overtaken by the Nasdaq and New York stock exchanges in the first five months of the year after the American bourses managed to attract some mega listings by global technology giants.Analysts said the US-China trade war had dented the appeal of Hong Kong as an IPO destination, and the outlook remained uncertain.New York… Source link

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Singapore 

Cabby takes pregnant woman to hospital, she delivers baby in back seat, Singapore News

A ComfortDelGro taxi driver was driving along Joo Chiat Road at about 10am last Thursday when two women flagged down his vehicle. The 56-year-old driver noticed one of them was heavily pregnant and seemed to be in distress. The pregnant woman boarded alone, lay down on the back seat, and asked to be taken to KK Women’s and Children’s Hospital (KKH). When they got there, she paid the fare but before she could alight, she shouted: “I think the baby is coming.” She then gave birth in the taxi. The…

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Home 

Funeral firm Fu Shou Yuan takes up Xi’s call for ‘shared future of mankind’, wants to service Belt and Road countries too

They make your clothes, your smartphones, your electronics and your cars, among other numerous items of daily use. And now a Chinese company wants to handle your funeral too.One of the latest companies to answer Chinese President Xi Jinping’s call to build a “shared future for mankind” is Fu Shou Yuan, the country’s biggest funeral services provider.“President Xi said it was a target for China to build ‘a community with a shared future for mankind’. We think the service by our company provides… Source link

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Home 

Hong Kong’s property bull run takes a surprise break as Sun Hung Kai’s Park Yoho Napoli flats in Yuen Long fail to sell out

The bull run in Hong Kong’s residential property market took an unexpected break on Saturday when a weekend launch by the city’s biggest developer failed to sell out.Sun Hung Kai Properties (SHK) sold 17 of the 144 flats at the Park Yoho Napoli project on Castle Peak Road in Yuen Long as of 3:30pm, according to sales agents, adding that very few more are likely to find buyers. Prices started from HK$17,307 per square foot before discounts of up to 21 per cent.In its rush to get Napoli – the……

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Property 

China’s plan for a tax on property takes an unexpected twist thanks to the trade war

Beijing’s plan to unveil a nationwide property tax could become a casualty of the escalating US-China trade war, as efforts to push ahead with draft legislation on the new levy appear to be temporarily on hold.Rising uncertainty in the international environment means that “conditions are not ready” for rolling out a property tax law, Zhang Yiqun, an official with China Law Society, a policy institute under China’s Ministry of Finance, told the Securities Daily in a report on Wednesday.“An… Source link

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