China Property Bubble Could Cause $600 Billion in Bad Debts
China watchers are starting to put a price tag on what any collapse in the nation’s red-hot property market could cost banks. A drop of 30 percent in housing prices could cause 4 percent of total loans worth 4.1 trillion yuan ($615 billion) to sour, according to DBS Vickers Hong Kong Ltd. Commerzbank AG said such a drop could...
Are foreign PMETs taking away opportunities from our young?
The follwing is an excerpt taken from a letter sent to the TODAY newspaper forum by Chua Kim Choo: ... if we take a look at PMETs who are aged below 30, then it is ironic that employers also make a fuss when recruiting them and claim that they do not possess enough experience. My child submitted close to 1,000 applications after...
Bloomberg: Singapore Exchange Blames Faulty Disk for Market’s Trading Halt
Singapore Exchange Ltd., whose stock market suffered a five-hour halt last week, said the issues were caused by a hard disk failure and an application that didn’t detect the fault. The exchange has replaced the disk and submitted an interim report to the Monetary Authority of Singapore, Chief Executive Officer Loh Boon Chye...
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