Press digest
Summary of media reports and news items related to dollarDEX, or relevant to our clients.
10 matches, most recent first
1.
Another dousing to cool property market
BT - The government will take further action to cool the property market and curb speculation in the resale market for HDB flats, including building 22,000 new public homes next year.
BT - The government will take further action to cool the property market and curb speculation in the resale market for HDB flats, including building 22,000 new public homes next year.
2.
Temasek sells 40-year bond
BT - Temasek Holdings...sold $1 billion of bonds with a 40-year tenor, double the length of the longest dated Singapore government bond.
BT - Temasek Holdings...sold $1 billion of bonds with a 40-year tenor, double the length of the longest dated Singapore government bond.
3.
Conference Board LEI for the US declines
The Conference Board Leading Economic Index® (LEI) for the US declined 0.2 percent in June to 109.8, following a 0.5 percent increase in May, and a 0.1 percent decline in April.
The Conference Board Leading Economic Index® (LEI) for the US declined 0.2 percent in June to 109.8, following a 0.5 percent increase in May, and a 0.1 percent decline in April.
4.
Private home prices outstrip peak of '96
BT - Private home prices in Singapore have now surpassed the former all-time peak they achieved in 1996, official data shows. Flash estimates released yesterday said that private home prices in Singapore rose 5.2 per cent in Q2 2010 after climbing 5.6 per cent in the first three months of the year.
BT - Private home prices in Singapore have now surpassed the former all-time peak they achieved in 1996, official data shows. Flash estimates released yesterday said that private home prices in Singapore rose 5.2 per cent in Q2 2010 after climbing 5.6 per cent in the first three months of the year.
5.
Don't lose the plot over foreign land
Sunday Times - dollarDex's Mr Firth advised investors to find out the mark-up on the offered plots. For example, a piece of British land without planning permission could fetch as little as £15,000. The same plot with planning permission could be worth £150,000, or sometimes even more. Small investors may end up paying a price somewhere between these two, yet have a small - or unknown - chance of seeing planning permission granted, he said. 'Potentially, that means a big loss if permission is not granted. Moreover, very small plots of land could be very hard to sell in isolation if collective sales efforts peter out.'
Sunday Times - dollarDex's Mr Firth advised investors to find out the mark-up on the offered plots. For example, a piece of British land without planning permission could fetch as little as £15,000. The same plot with planning permission could be worth £150,000, or sometimes even more. Small investors may end up paying a price somewhere between these two, yet have a small - or unknown - chance of seeing planning permission granted, he said. 'Potentially, that means a big loss if permission is not granted. Moreover, very small plots of land could be very hard to sell in isolation if collective sales efforts peter out.'
6.
So you want to retire early
Sunday Times - Planning for lengthy retirement is a daunting task because of countless unknowns A long retirement is a daunting proposition. Even experts cannot agree on the best retirement strategy. And there is a shortage of products designed for early retirement.
Sunday Times - Planning for lengthy retirement is a daunting task because of countless unknowns A long retirement is a daunting proposition. Even experts cannot agree on the best retirement strategy. And there is a shortage of products designed for early retirement.
7.
Economic index for UK increases
The Conference Board Leading Economic Index (LEI) for the UK increased by 0.6 percent in April to 102.2, following gains of 1.1 percent in March and 0.6 percent in February.
The Conference Board Leading Economic Index (LEI) for the UK increased by 0.6 percent in April to 102.2, following gains of 1.1 percent in March and 0.6 percent in February.
8.
China's exports surged by nearly 50 percent
AP- China's exports surged by nearly 50 percent in May but analysts warned Europe's debt crisis is likely to hurt the recovery in trade. Exports rose 48.5 percent in May, while imports were up 48.3 percent.
AP- China's exports surged by nearly 50 percent in May but analysts warned Europe's debt crisis is likely to hurt the recovery in trade. Exports rose 48.5 percent in May, while imports were up 48.3 percent.
9.
The Conference Board consumer confidence index increases
The Conference Board Consumer Confidence Index increased in May, its third consecutive monthly gain. The Index now stands at 63.3 (1985=100), up from 57.7 in April.
The Conference Board Consumer Confidence Index increased in May, its third consecutive monthly gain. The Index now stands at 63.3 (1985=100), up from 57.7 in April.
10.
Singapore dollar strengthens
Bloomberg -- The Singapore dollar strengthened the most in a year against the US currency and South Korea’s won jumped after government reports showed accelerating economic growth...The Monetary Authority of Singapore revalued its currency, sending it 1.1 percent higher against the dollar to S$1.3782 as the government said the economy will expand as much as 9 percent this year.
Bloomberg -- The Singapore dollar strengthened the most in a year against the US currency and South Korea’s won jumped after government reports showed accelerating economic growth...The Monetary Authority of Singapore revalued its currency, sending it 1.1 percent higher against the dollar to S$1.3782 as the government said the economy will expand as much as 9 percent this year.