M’sia state investment fund plagued by scandal
biv.com - By Jonathan Manthorpe - 23 Feb 2015 By meeting a repayment deadline for the first time in months, Malaysia’s troubled sovereign wealth fund, 1Malaysia Development Berhad, seems to have staved off a ... Petronas Twin Towers dominate the skyline in Kuala Lumpur. Malaysia has narrowly averted a financial crisis stemming...
Singapore’s PM-in-waiting commits a major blunder
Myanmar Times - By Roger Mitton - 9 Feb 2015 Things have taken a distinct turn for the worse for Singapore’s long-ruling People’s Action Party, which is often, and naively, touted as super-efficient and incorruptible. Singapore’s Prime Minister Lee Hsien Loong speaks to reporters on February 3. Photo: AFP In a way, it’s...
HDB should curb rising rentals in its commerical properties
THE Housing Board (HDB) should curb rising rental costs that are a result of the bidding system for commercial rental properties, in a bid to prevent "rent-pull" inflation. The HDB electronic bidding system promotes impulse bidding, as bidders are given 10 minutes to increase their bids for the rental premises of their choice. Keen...
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