By Dezan Shira & Associates Editor: Vasundhara Rastogi On October 27, 2017, Malaysia’s Prime Minister Najib Abdul Razak tabled the country’s much anticipated 2018 budget. The new budget is in line with the government’s agenda to achieve Transformasi Nasional 2050 (TN50) or National Transformation 2050; TN50 is a 30 year-plan,first introduced in the budget 2017,that aims to make Malaysia one of the world’s top 20 countries by 2050. Termed as a generous and people friendly budget, the proposed allocation for 2018 stands at RM280.25 billion (US$66.3 billion) – a rise of 7.5 percent from 2017. The Malaysian government has proposed several tax incentives for investors and venture capital firms in the 2018 budget. In this article, we look at the salient features of the budget and their implications for businesses. RELATED: Corporate Establishment Services from Dezan Shira & Associates Corporate tax and tax incentives Capital allowance for ICT ... » Learn More about Malaysia’s 2018 Budget: Salient Features – ASEAN Business News
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HDB will offer 3,520 flats across seven projects in one mature and four non-mature estates in the November 2021 BTO sales launch. The Jurong West BTO will be one of the three projects to be launched in the west, with 220 units of 3-room and 4-room flats. Here’s 99.co’s detailed review of the November 2021 BTO at Jurong West Project name: To be announced Location: Jurong West Street 93 Classification: Non-mature estate Number of units: 220 units (3-room and 4-room) Number of blocks: To be announced HDB’s estimated completion date: To be announced Indicative price range: Prices will only be announced during the November 2021 BTO launch. In the meantime, SRX has come up with these estimations based on nearby resale transactions and launch prices from recent BTO launches. Price range 3-room $200,000 – $260,000 4-room $280,000 – $390,000 Source: SRX . These estimations take into account property age and location. If a launch is nearer to ... » Learn More about HDB November 2021 BTO in-depth review: Jurong West
UPDATE: This explainer was updated on December 14, following news that Singapore has approved the use of the Pfizer-BioNTech vaccine for pandemic use. Singapore has approved the Pfizer-BioNTech vaccine for pandemic use. More vaccines are expected to arrive in Singapore in the coming months U.S. biotech firm Moderna is already in talks with Singapore's Health Sciences Authority (HSA) to bring its vaccine into the country. There are many different Covid-19 vaccine candidates that are being developed right now. This website tracks those that are in Phase 1 to 3 of trial and some in research stages . All of them are racing against time to produce viable Covid-19 vaccines for the world. But before we get ahead of ourselves, it is useful to understand how Covid-19 vaccines differ in the way they work. How do Covid-19 vaccines trigger the body's immune response? Vaccines generally work by triggering the body's immune response. The body then remembers it and activates ... » Learn More about How Covid-19 vaccines work & the reported side effects so far
It is common knowledge that a rising China has a more assertive foreign policy and is inclined to show its strength to achieve its geopolitical objectives. Sovereignty issues are especially sensitive and the policing of such issues in China extends beyond the diplomatic arena. A number of multinationals in China recently learnt the repercussions of political incorrectness as they operate in an increasingly nationalistic and powerful Chinese consumer market. Which multinationals were implicated? According to the Financial Times , a string of foreign corporations have been either publicly reprimanded or issued warnings by regulators for geographical descriptions that challenge China's position on long-standing territorial disputes from Taiwan to Tibet. These corporations include: US hotel chain Marriott International Spanish fast-fashion retailer Zara U.S. carrier Delta Air Lines Australian carrier Qantas US medical device company ... » Learn More about Marriott, Zara and Qantas among foreign firms who failed to get their Chinese geography right
Amid the backdrop of rising HDB prices, one fact has begun to stand out: resale flats in non-mature estates have to “narrow the gap”. One of the transaction records for non-mature flats, in March 2021 was in Punggol; this was when a five-room flat sold for $910,000. In fact, there have been 41 transactions in non-mature estates this year, that have gone beyond $800,000. Here’s a look at what’s going on: Town Flat Type Size Model Lease Commenced Price Punggol Five room 147 Premium Apartment Loft 2012 $910,000 Hougang Executive 138 Apartment 1997 $892,888 Choa Chu Kang Executive 182 Premium Maisonette 1998 $890,000 Hougang Executive 135 Apartment 1997 $888,000 Hougang Executive 146 Maisonette 1992 $885,000 Bukit Batok Executive 165 Maisonette 1997 $880,000 Hougang Executive 156 Maisonette 1992 $880,000 Bukit Batok Executive 165 Maisonette 1997 ... » Learn More about Will we see million-dollar HDB flats in non-mature estates soon?
Property prices really have gone up across all segments, even the extreme luxury end. Good class bungalows (GCBs) have been all the rage in 2021: From $144 million worth in transactions in 48 hours (in July), to news of tech billionaires developing a penchant for these. There’s also a good likelihood that, with Covid-19 continuing to wreak havoc, the GCB trend will be ongoing for quite a while longer. Here’s what’s happening: GCB transaction volumes are close to the last highs of 2010 The last peak for GCBs was in 2010, when transactions totalled $1.85 billion , with around 101 transactions. By comparison, the first half of 2021 alone saw about $2.05 billion in transactions, with 68 transactions. The contrast is even sharper, between 2020 and 2021. Last year, total GCB transactions only reached around $415.8 million, with 21 transactions. On a year-on-year basis (January to August), GCB prices averaged $1,391 psf in 2021, but have since jumped to about $1,713 psf. The ... » Learn More about Why are Good Class Bungalows (GCBs) headed for a record high in 2021?