Bizview: Today's top business news
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Volatility in the Singdollar amid worries about China's economy and further depreciation of the yuan has sent the three-month Sibor (Singapore interbank offered rate) and three-month SOR (swap offer rate) jumping to levels not seen since the global financial crisis erupted in 2008.
CapitaLand Commercial Trust, Singapore's largest office real estate investment trust by value, is selling an office tower in the central business district, according to a person familiar with the transaction.
Rents for non-landed private residential properties remained relatively flat, inching up by 0.1 per cent in December over November, according to the latest monthly rental indices by SRX Property.
Energy solutions firm Tuas Power Generation announced the launch of the Tuas Power Integrated Energy Management Solution (IEMS) for commercial buildings on Wednesday (Jan 13).
Hong Kong Chief Executive Leung Chun Ying said the government raised its target for new housing supply, dismissing calls from developers to lift property curbs as prices are still too high.
China's total trade fell in December but far less than expected, with exports outperforming many of its regional peers after the country let the yuan depreciate sharply, highlighting fears of a currency war among Asia's trade-reliant economies.
