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Insight - Singapore’s housing party is on. Watch the clock
FROM Munich to Frankfurt, and Toronto to Hong Kong, housing bubbles have either grown bigger through the pandemic or refused to deflate. Singapore’s property, though, is in a sweet spot of affordability, making it a likely target of an investment frenzy.
Haidilao co-founder buys Singapore bungalow for S$42mil
SINGAPORE (The Straits Times/ANN): The family of Singapore's richest billionaire, a co-founder of Sichuan hotpot chain Haidilao, is buying a freehold good class bungalow (GCB) in Gallop Road at the highest price per square foot for the area.
Brookfield Property Partners to be taken private
TORONTO: Brookfield Asset Management Inc and a group of investors have offered to acquire the stake in Brookfield Property Partners that they don’t already own, in a US$5.9bil bid to take the real estate company private.
Trading ideas: Destini, T7, Aeon Credit, Ageson, Top Glove, MRCB, GKent
KUALA LUMPUR: JF Apex Research expects Destini Bhd, T7 Global Bhd, Aeon Credit Service (M) Bhd, Top Glove Corp Bhd, Top Glove Corp Bhd, Malaysian Resources Corp Bhd (MRCB) and George Kent (M) Bhd to be among the stocks to watch on Tuesday.
T7 Global Bhd inks contract with Petronas Carigali
PETALING JAYA: T7 Global Bhd has entered into a contract with Petronas Carigali Sdn Bhd, a wholly-owned subsidiary of Petroliam Nasional Bhd for the provision of leasing, operation and maintenance of its mobile offshore production unit for the Bayan Redevelopment Project Gas Phase 2 (MOPU).
T7 Global gets 10-year MOPU contract from Petronas Carigali
KUALA LUMPUR: T7 Global Bhd’s unit secured a 10-year contract from Petronas Carigali Sdn Bhd to provide a mobile offshore production unit (MOPU) for the Bayan Redevelopment Project Gas Phase 2.
Mustapa: ECERDC projects will boost tourism and economy in Kelantan
TUMPAT: The Palekbang Bridge and the redevelopment of Kampung Laut projects, by the East Coast Economic Region Development Council (ECERDC), will further boost tourism and socio-economic activities in Kelantan.
The week ahead - Trade indices, S'pore GDP, China PMI, US FOMC,
THE Department of Statistics Malaysia is expected to release Malaysia external trade indices for November today.
DBKL’s development fee discount to help construction sector
THE 50% discount on development fee offered to developers in Kuala Lumpur is hoped to inject momentum into the construction sector that has been hit by the Covid-19 pandemic.
