Nomura analysts: China’s property bubble has burst
(6 May) Economists at Nomura have made their call: China's property bubble has burst, they say, and the country's economy could slow dramatically unless Beijing steps in with new stimulus measures. "It is no longer a question of 'if' but rather 'how severe' the property market correction will be," three of the bank's analysts...
Rising rent, worker shortage threaten rich SG food culture
(28 April) The Hong Kong Jin Tian Eating House in Singapore has stopped selling the savoury roast duck and pork ribs that drew crowds for a generation, the latest to close down due to escalating rents and difficulty in finding workers. The eatery run by Yip Chan Yuk Ying, a Hong Kong-born Singapore citizen, shut its doors...
Tiger Airways shares slump on widening losses
Tiger Airways has been hurt by growing competition in the low-cost travel market. (5 May) Shares in Singapore-based budget carrier Tiger Airways slumped by as much as 8%, to a one-month low, after it posted widening losses. The firm saw its losses rise to $96m Singapore dollars ($76m; £45m) in the January-to-March quarter,...
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