SINGAPORE (May 28): Far East Orchard’s 70%-held subsidiary Far East Hospitality Holdings (FEHH) has entered into a 50-50 joint venture with Boo Han Holdings (BHH), a member of Far East Organization, to jointly undertake a hotel project in Japan for 8.20 billion yen ($100.5 million).
Under the agreement, FEHH and BHH will enter into a conditional purchase and sale agreement to jointly purchase the land and hotel to be built on the land from Shimizu Corporation.
The hotel project is located on an approximately 2,542 sq m plot of land located in Ariake, Tokyo.
SINGAPORE (June 6): CapitaLand sees potential to grow its assets under management (AUM) in Japan to $5 billion, double its current AUM of over $2.5 billion as at 31 March 2017.
The group is also on track to achieve at least $3 billion worth of AUM in the market by the end of 2017. Japan is expected to feature prominently in the group’s recurring income strategy, with a robust portfolio of income-producing shopping malls, serviced residences and offices.
SINGAPORE (June 6): In its third initiative with the Centre for Liveable Cities (CLC), the Urban Land Institute (ULI) today announced the launch of a new report at the 2017 ULI Asia-Pacific Summit in Singapore.
The latest report, Urban Mobility: 10 Cities Leading the Way in Asia Pacific, analyses each city’s strategic plans and subsequent implementation of mobility projects as solutions to inner-city congestion.
(May 29): Lawrence Ho, the billionaire owner of Melco Resorts & Entertainment, said he favors building a casino in Osaka rather than Tokyo because there are more opportunities to develop the smaller Japanese city as an entertainment destination.
Ho is among the industry heavyweights seeking entry to Japan after lawmakers voted in December to open the country to casino gambling. The government of Prime Minister Shinzo Abe, which made casino liberalization a priority, hasn’t decided where those casinos will be built nor which companies will operate them.
SINGAPORE (April 18): Singapore may have just added a new tech billionaire, but it had to lure him from Japan first.
Taizo Son, who built his fortune on hit smartphone game Puzzle & Dragons, has relocated to the city-state from Tokyo and plans to invest US$100 million ($140 million) in Southeast Asia within five years. The younger brother of SoftBank Group Corp.’s founder said in Singapore on Monday he’d become frustrated by regulation in Japan as well as the country’s education system.
TOKYO (March 17): Graduate recruitment in Japan looks a bit like a scene from the movie "The Matrix." Hordes of students dressed in identical black suits and white shirts make the rounds of seminars, tests and interviews. Even as jobs outnumber applicants, these "Agent Smiths" still fight it out for coveted positions at big-name companies, while leaving smaller employers out in the cold.
SINGAPORE (Mar 14): Singapore tops the ranks in Asia as the city with the best quality of living, well ahead of Tokyo and Hong Kong because of its efficient infrastructure.
The city-state gained one spot from last year and came in 25th on a global ranking of 231 cities by consulting firm, Mercer, a unit of Marsh & McLennan. In Asia, Tokyo was at 47 and Hong Kong at 71, with both declining slightly in the index.
SINGAPORE (Feb 22): Sheldon Adelson – one of the world’s richest men and notably among the biggest funders of Donald Trump’s US presidency campaign – has pledged to spend up to US$10 billion ($14.2 billion) on building a casino facility in Japan, should he be given the opportunity over his rivals.
