Page 8 - Patrick Wong News Today

HONG KONG: China’s debt-saddled property developers have seen their offshore bonds lose US$82bil (RM343bil) in value, and more losses and defaults are likely, analysts at Bloomberg Intelligence say.

SINGAPORE: Singapore’s property managers are accelerating their push abroad as a slow reopening and diminishing returns at home force them to look for growth opportunities elsewhere.

With the rating firm citing depleting cash and poor liquidity amid big debt maturities and limited refinancing options.

The order is among the most extreme in a spate of government actions to seize the firm's property and land holdings, underscoring risks to its most-prized assets.

(Bloomberg) -- The wrecking ball headed for 39 apartment blocks on a tropical island at the southern tip of China poses the latest threat for China Evergrande Group as local governments race to reclaim land ahead of a looming restructuring of the embattled developer.

PETALING JAYA: Despite the explanation given by the police, Malaysians are still bothered about the incident where a four-wheel drive (4WD) and an ambulance were forced to stop at a junction to give way to the Prime Minister’s convoy, as seen in a recent viral video.

SINGAPORE: Singapore office rents may overtake those of Hong Kong for the first time since 2009, a sign that the South-East Asian city-state is gaining an edge over its rival financial hub.

Singapore office rents might overtake those of Hong Kong for the first time since 2009, a sign that the Southeast Asian city-state is gaining an edge over its rival financial hub. Average office spot rents in Singapore could rise 5 to 10 percent next year on the back of a limited new supply, according to a Bloomberg Intelligence report. Hong Kong’s prime office vacancy rate might exceed 12 percent by the end of next year following a supply boom in decentralized districts, analysts Patrick Won...

Businesses must be aware that the potential for hacking and other cybercrimes has increased significantly in the wake of the COVID-19 pandemic, as more business operations have migrated online and reliance on technology has grown. This was the consensus from a panel of experts during a recent ICAEW (the Institute of Chartered Accountants in England and...

News Analysis International investors will find investing in China harder given the censorship of respected business news, and ...