All posts tagged Singapore

Indonesia Home Prices Rise as Demand Bucks Higher Rates

Source: Bloomberg

According to Bloomberg, Indonesia’s most aggressive monetary tightening since 2005 is set to slow economic growth without denting soaring property demand in the world’s fourth-most populous nation.

A young population, elevated inflation and property-price gains that outpace interest rates are spurring real-estate sales from Jakarta to Manado. Home prices in the third quarter probably rose 14.6 percent from a year earlier, according to a Bank Indonesia survey, while the Indonesian Real Estate Association predicts housing sales will climb more than 50 percent this year.

“Indonesia has a huge population, that’s a potential market for us,” said Setyo Maharso, chairman of the Indonesian real estate association, which predicts 2013 property sales will rise to 400,000 units from 260,000 last year. “For our buyers, as long as they have the ability to pay monthly installments, sales will keep increasing till the year end.”

With foreigners restricted from owning property in SoutheastAsia’s biggest economy, Indonesia is confronting a surge in local demand rather than the capital inflows that spurred record home prices in neighboring Singapore and Hong Kong. After the central bank imposed stricter loan-to-value ratios for mortgages, persistent price gains may prompt the government to raise some real-estate taxes, PT Bank Danamon Indonesia said.

“By giving a luxury tax, especially for high-end properties, it would help to curb home-price increases,” said Anton Gunawan, chief economist at Bank Danamon who was a candidate for the No. 2 job at the central bank this year. “Returns from property remain high as there’s an expectation that home prices are still rising.”

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by camelliacamellia on October 23, 2013 • Permalink

Posted in Asia, Business, Currency, Economics, Indonesia

Posted by camelliacamellia on October 23, 2013

https://theasiancenturyreport.wordpress.com/2013/10/23/indonesia-home-prices-rise-as-demand-bucks-higher-rates/

Singapore Home Prices Climb to Record as Loan Curbs Imposed

Singapore home prices climbed to a record in the second quarter as gains in suburban housing values accelerated, leading to new government measures on property loans at the end of last week.

The island state’s private residential property price index rose 0.8 percent to 214.9 points in the three months ended June 30, extending a 0.6 percent increase in the first quarter, according to preliminary estimates released by the Urban Redevelopment Authority today. The pace of gain in suburban home prices more than doubled from the previous three months.

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by admin on July 1, 2013 • Permalink

Posted in Asia, Business, Economics, Finance, Market

Tagged Government, loan, Price index, Real estate pricing, Residential area, Singapore, Urban Redevelopment Authority

Posted by admin on July 1, 2013

https://theasiancenturyreport.wordpress.com/2013/07/01/singapore-home-prices-climb-to-record-as-loan-curbs-imposed/

REITS in Hong Kong, Singapore Lose Their Allure

Hong Kong and Singapore have seen a spate of initial public offerings by trusts playing on investors’ desire for two elements in recent months: yield and hard assets.
But a recent selloff in real-estate investment trusts in both cities hints at the fading allure of dividend-paying stocks, as concerns that the U.S. Federal Reserve may soon scale back its stimulus moves have driven up Treasury yields and rattled investors around the world. The drop in REITs also comes as investors fear that property prices could decline in Hong Kong and Singapore.
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by admin on June 17, 2013 • Permalink

Posted in Asia, Business, Finance, Hong Kong, Industry, Investment

Tagged Asia, Federal Reserve System, Hong Kong, Initial public offering, National Security Agency, Real estate investment trust, REIT, Singapore

Posted by admin on June 17, 2013

https://theasiancenturyreport.wordpress.com/2013/06/17/reits-in-hong-kong-singapore-lose-their-allure/

Malaysia’s Economy at Risk with Growing Consumer Debt

Malaysia’s consumer debt is at 76.6 per cent of its GDP and some economists believe that the growing consumer credit could rock the country’s economy.

Malaysia’s consumer debt is at 76.6 per cent of its GDP and some economists believe that the growing consumer credit — where each ringgit of growth nearly matches an extra ringgit of consumer debt — could rock the country’s economy, the Financial Times (FT) reported today.

The country’s household debt ratio is the highest in the region, the influential daily reported, citing Johanna Chua, an economist at Citigroup, who believed this makes the Southeast Asia’s third largest economy vulnerable, especially as lower-income households bear a greater share of the overall debt.

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by Innovator on May 24, 2013 • Permalink

Posted in Asia, Business, Economics

Tagged AKPK, Citigroup, consumer debt, Credit Counselling And Debt Management Agency, Emerging market, GDP, household debt, Indonesia, International Monetary Fund, Johanna Chua, Kuala Lumpur, Malaysia, Mohamed Khalil Jamaldin, Philippines, Singapore, Southeast Asia, sovereign wealth fund, Thailand, world bank

Posted by Innovator on May 24, 2013

https://theasiancenturyreport.wordpress.com/2013/05/24/growing-consumer-debt-puts-malaysias-economy-at-risk-malaysia-consumer-citigroup-johanna-chua-economy-credit-kuala-lumpur-southeast-asia-world-bank-akpk-philippines-indonesia-singapore-emerging-market/

Singapore Shows Surprising Growth in April

Singapore’s economy took an unexpected turn higher in the first quarter of the year.

Martin Vaughan from WSJ: Singapore’s economy took an unexpected turn higher in the first quarter of the year as a rally in financial markets buoyed the city-state’s banking sector.
Gross domestic product expanded 1.8% in the first quarter on a seasonally adjusted, annualized basis, an improvement from preliminary data that had indicated a 1.4% decline, the government said Thursday. Officials said they expect growth to pick up modestly for the remainder of the year on stronger external demand, but kept their full-year growth forecast at 1.0%-3.0%.

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by Innovator on May 23, 2013 • Permalink

Posted in Asia, Economics, Market

Tagged asean, Asia, banking, Edward Lee, GDP, India, Industrial Production, inflation, Leif Eskesen, Ministry of Trade and Industry, Singapore, Singapore Exchange, Standard chartered

Posted by Innovator on May 23, 2013

https://theasiancenturyreport.wordpress.com/2013/05/23/singapore-shows-surprising-growth-in-april-manufacturing-financial-gdp-banking-asia-india-inflation-industrial-production/

Indian banks can be trusted: Survey

“What have you done to me lately?”

For banks around the world, the answer to that question seems to be the determining factor in whether banks are largely trusted. In countries whose financial systems did not blow up during the worldwide recession, trust has remained high. But in some European countries where the banks were generally viewed as having caused the crisis, trust plunged and has not recovered.

Online surveys of “informed publics” in 26 countries were conducted by people hired by Edelman, a public relations firm. Respondents were asked how much they trusted banks “to do the right thing,” on a scale of one – “do not trust them at all” – to nine – “trust them a great deal.” In the 2013 survey, conducted in October and November and released this week at the World Economic Forum in Davos, Switzerland, more than two-thirds of the respondents in seven areas – all but one of them in Asia – thought the banks were worthy of trust. They were Indonesia, India, Malaysia, China, Hong Kong, Singapore and Mexico.

At the other end of the spectrum, fewer than a third of the respondents in six countries – all in Europe – thought bankers could be trusted. They were Ireland, Spain, Germany, Britain, the Netherlands and Italy.

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by cbasdeo09 on January 28, 2013 • Permalink

Posted in Bank, Business, China, Economics

Tagged Asia, banks, Britain, China, China Happy Hour, financial systems, Germany, Hong Kong, India, Indonesia, Ireland, Italy, Malaysia, Mexico, Netherlands, recession, Singapore, Spain, surveys, Switzerland

Posted by cbasdeo09 on January 28, 2013

https://theasiancenturyreport.wordpress.com/2013/01/28/china-happy-hour-6/

Singapore Among Most Competitive Economies in Asia

Singapore’s financial district.

Singapore, Hong Kong and Japan are among the most competitive economies in Asia and the world, according to the latest rankings from the World Economic Forum.

Singapore scored second globally behind Switzerland, the same one-two order the small, banking-centric economies occupied in last year’s rankings. Hong Kong jumped two spots to nine. Japan, despite a moribund economy, remained the 10^th-most competitive economy in the world by the group’s formulation.

The World Economic Forum’s global competitiveness ranking is the sort of thing presidents and prime ministers like to tout when they are on trade missions or selling government bonds to investors.

Competitiveness, as defined by the World Economic Forum, the group behind the famous confab of the rich and influential in Davos each year, is a measure that roughly translates into a country’s productivity, and thus its ability to generate prosperity.

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by byu2012 on September 5, 2012 • Permalink

Posted in Asia, Asian conferences, Economics, Hong Kong, Japan

Tagged Asia, Asian, Asian Economy, Business, China conference, Competitive Economies, Development, Growth, Hong Kong, Japan, Singapore, World Economic Forum

Posted by byu2012 on September 5, 2012

https://theasiancenturyreport.wordpress.com/2012/09/05/singapore-among-most-competitive-economies-in-asia/

Asian cities to become top finance centres by 2022

Hong Kong

Top UK traders and dealmakers bruised by intense banker bashing believe an Asian city will take over as the world’s dominant financial centre within 10 years, according to a survey.

They also relegated London to third place from second as their preferred location behind Singapore and New York, the poll by headhunters Astbury Marsden found.

Nearly two thirds of 450 British investment bankers surveyed said Hong Kong, Shanghai or Singapore would be the top global finance centre in 10 years.

One fifth felt London would be the world leader in 2022 and one sixth said New York would hold No.1 spot.

“A fast growing, low tax and bank friendly environment like Singapore stands as a perfect antidote to the comparatively high tax and anti-banker sentiment of London and New York,” said Mark Cameron, operations chief at Astbury Marsden.

The annual ‘Preferred Location Survey’ also found Singapore is the city where British bankers would most like to live, claiming 31 percent of the vote, up from 27 per cent last year.

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by byu2012 on August 28, 2012 • Permalink

Posted in Asia, Asian conferences, China, Finance, Hong Kong

Tagged Asia, Asian, Asian Economy, Business, China, Development, Finance, Hong Kong, Shanghai, Singapore

Posted by byu2012 on August 28, 2012

https://theasiancenturyreport.wordpress.com/2012/08/28/asian-cities-to-become-top-finance-centres-by-2022/

China Outlook Gloomy

MONTREAL – The latest survey of China’s purchasing managers, an early gauge of changing economic conditions, indicated a weakening of domestic demand, adding to concern of a slowdown throughout Asia, although data from South Korea and Singapore looks more positive.

The HSBC/Markit flash PMI, which comes out ahead of the government’s data. was reported at a lower than expected 48.1, the fifth consecutive month under the neutral 50 level, and down from 49.6 February.

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by stekunan on August 7, 2012 • Permalink

Posted in Asia, Business, China, Industry, Market

Tagged Asia, Business, China, Demand, economic growth, economy, Finance, global economy, job growth, Singapore, trade

Posted by stekunan on August 7, 2012

https://theasiancenturyreport.wordpress.com/2012/08/07/china-outlook-gloomy/

High-Frequency Trading Expert to Bring Unique Speed Trading Workshop to Shanghai

The Speed Traders unveiled dates today for Edgar Perez’s full-day seminars, The Speed Traders Workshop 2012: How Algorithmic and High Frequency Traders Leverage Profitable Strategies to Find Alpha in Equities, Options, Futures and FX in Shanghai, August 1st, presentations that will be followed by the rest of the world including dates in Southeast Asia, Latin America and North America.

The Speed Traders Workshop 2012 Hong Kong, Sao Paulo, Seoul, Kuala Lumpur, Warsaw, Kiev, Beijing and Shanghai put Perez, author of The Speed Traders, An Insider’s Look at the New High-Frequency Trading Phenomenon That is Transforming the Investing World (http://www.TheSpeedTraders.com), published by McGraw-Hill Inc. (2011) and currently being translated into Chinese and Portuguese, on the map as the preeminent global expert in algorithmic and high-frequency trading.

Perez is widely regarded as the preeminent speaker in the specialized area of high-frequency trading. He is author of The Speed Traders, An Insider’s Look at the New High-Frequency Trading Phenomenon That is Transforming the Investing World, published by McGraw-Hill Inc. (2011) and currently being translated into Chinese and Portuguese, and was Adjunct Professor at the Polytechnic Institute of New York University, where he taught Algorithmic Trading and High-Frequency Finance.

Perez has been featured on CNBC Cash Flow (with Oriel Morrison), CNBC Squawk Box (with Geoff Cutmore), BNN Business Day (with Kim Parlee), TheStreet.com (with Gregg Greenberg), Channel NewsAsia Business Tonight and Cents & Sensibilities (with Lin Xue Ling), NHK World, iMoney Hong Kong, Hedge Fund Brief, The Wall Street Journal, The New York Times, Dallas Morning News, Valor Econômico, The Korea Herald, FIXGlobal Trading, The Korea Times, TODAY Online, Oriental Daily News and Business Times.