HSBC, ABN sue SG trader detained in Qingdao probe
(30 Jul) - HSBC Holdings Plc (HSBA) and ABN Amro Bank NV sued Chen Jihong, the Singapore national detained in and said to be at the center of a probe over whether metals were pledged multiple times as collateral for loans. HSBC asked Singapore’s High Court this month to liquidate Chen’s Zhong Jun Resources (S) Pte after...
Singapore a victim of its own success?
(24 Jul) - These are the best of times and the worst of times in Singapore, the world’s only global city without a natural hinterland, whose prosperity and good governance are the envy of much of the world, and a model for others to follow. Singapore skyline But while the city-state remains an alluring success story to much...
Rising Reits correlate with rising rentals & business costs
Looking at the table ("SGX-listed company earnings for Q2 ended June 2014"; yesterday), what caught my attention was that real estate investment trusts (Reits) dominated the list of top earners. There is widespread concern that Singapore is becoming too expensive to do business, because of rising manpower costs and rentals. The...
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