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Weekend Comment Dec 9: Challenges ahead for Asian banks |
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Tags: Bank of China | Bank of East Asia | Dbs Group Holdings | HSBC | Standard Chartered
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Written by Goola Warden
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Saturday, 10 December 2011 09:54 |
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A RECENT BLOOMBERG report pointing out that Hong Kong “may need to stand behind some banks and deposits” should Europe’s debt crisis worsen put the spotlight on Asian banks.
Nigel Chalk, the International Monetary Fund’s China mission chief, is reported to have said that in a very bad scenario the government may have to “perhaps guarantee some of the deposits in the banking system as they did in 2008 in the wake of Lehman Brothers”.
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Last Updated on Sunday, 11 December 2011 00:59 |
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Weekend Comment Oct 28: Suntec REIT sells Chijmes, could pare debt |
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Written by Goola Warden
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Friday, 28 October 2011 23:23 |
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SUNTEC REIT, which owns Suntec City, Park Mall and a one-third stake in One Raffles Quay and Marina Bay Financial Centre Phase 1, has agreed to sell Chijmes to PRE 8 Investments at a price of $177 million or $2,218 psf on net lettable area (NLA).
The sale price represents a 23.2% premium over the valuation of $143.7 million as at 15 October 2011, and a 3.9% annualised yield on Chijmes’ net property income of $5.2 million for the nine months ended 30 September 2011. The divestment price is also 38.3% above its purchase price of $128 million in Dec 2005.
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Last Updated on Sunday, 11 December 2011 00:59 |
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Weekend Comment Sept 16: Technical recession ahead, warns Goldman economist |
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Written by Goola Warden
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Saturday, 17 September 2011 11:22 |
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ALL EYES ARE now on economic data and increasingly, economists are sounding downbeat in the wake of the Eurozone crisis. Locally, talk of a technical recession is getting louder. Mark Tan, Singapore economist at Goldman Sachs, says he expects negative sequential growth in 3Q2011, making it the second consecutive quarter of negative growth and a “technical recession” by definition. However, this time round, inflation will prove “sticky”.
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Last Updated on Sunday, 11 December 2011 00:59 |
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