Sales of new private homes in Singapore ended last year with a whimper, as developers sold just 384 homes in December. This was about half the amount sold in November, though it was comparable to other months where no new projects were launched.
Retailers in Singapore saw little year-end cheer in November. Retail sales rose 4.7 per cent in November from a year ago, but without the boost from car sales, they were down 2 per cent, figures from Singapore Department of Statistics showed on Friday (Jan 15).
Traditional Chinese medicine retailer Eu Yan Sang International (EYSI) has inked an deal to receive up to US$35 million (S$60.4 million) in funding from HCare Investments Holding, as it widens its footprint in China.
The People's Bank of China sold a record amount of foreign currency in December, more than twice as much as in any previous month, as it stepped up yuan purchases to stem a slide in the currency.
China's bank lending slowed in December but companies raised more credit via bonds and shadow banking channels, raising questions over the quality of borrowing in the face of weak demand and deflationary pressure.
Chinese stocks fell into a bear market for the second time in seven months, wiping out gains from an unprecedented state rescue campaign as investors lose confidence in government efforts to manage the country's markets and economy.