SINGAPORE: With all the turmoil of a Trump presidency and Brexit, we wouldn’t be surprised if analysts eventually suggest hiding your money in a sock.In the aftermath of the last crisis years (2009 to 2013), the Singapore property market — particularly its luxury segment — was considered a safe haven investment destination and recorded huge price increases.But will that still be the case today? It certainly seems so. Singapore properties surprisingly recorded price gains for luxury properties in the third quarter of 2018, outshining even Hong Kong.Clearly, and despite the cooling measures, well-heeled investors are still seeing value and opportunity in the Singapore housing market.WHY SINGAPORE IS VIEWED AS A SAFE HAVEN DESTINATION FOR PROPERTYSingapore is politically stable and harmonious, two key factors that make real estate a dependable place to park your cash. One more thing to note is that government seizures, or property damage from … [Read more...] about Is the Singapore property market still a safe haven for investors?
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As BTS’ rising global presence sends its brand value soaring the group is putting out an ever-expanding array of merchandise. At the forefront of the endeavor is Line Friends’ BT21 -- a collection of characters created by BTS members and related merchandise. BT21’s official site says BTS falls in line with the global character brand’s keywords: global, millennials and trending. BT21 merchandise attracts more than core fans. Whereas some K-pop character merchandise is modeled after an artist’s appearance, BT21 characters are original creations, knitted together with a fun and unique backstory, designed by BTS members. “At first I was unable to tell whether they were BTS-related merchandise,” said Nam Eun-hye, a college student who did not know the boy band very well. “But the characters seem unique and they are not like obvious K-pop merchandise, so I think anyone can be easily attracted by the designs even if they are not a fan.” … [Read more...] about Rapidly-expanding universe of BTS merchandise sweeping global market
Asia shares stumbled in holiday-thinned trading on Monday as China ramped up trade tensions by cancelling upcoming tariff talks with the United States, while oil prices jumped after top producers ruled out boosting crude output. U.S. stock futures were a touch weaker while MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.6 percent. Hong Kong's Hang Seng index was the worst performer, down 1.2 percent. Most of the action was in currencies as financial markets in major Asian centres Japan, China and South Korea were closed for a holiday. Investors were squarely focused on the Sino-U.S. trade war as China added $60 billion of U.S. products to its import tariff list, retaliating against U.S. duties on $200 billion of Chinese goods that come into effect on Monday. China also cancelled mid-level trade talks with the United States, as well as a proposed visit to Washington by vice premier Liu He originally scheduled for this week, the Wall Street Journal reported. The United … [Read more...] about Global Markets: Asian shares wobble as China cancels trade talks with US; oil rallies
WASHINGTON (WASHINGTON POST) - Turkey's plight deepened on Monday (Aug 13) as the lira fell to new lows and President Recep Tayyip Erdogan's refusal to abandon his unorthodox economic policies left investors fearing a new global financial crisis. Turkey and other countries that borrowed freely when dollars were plentiful and cheap now face soaring debt payments they may no longer be able to make. Such worries mounted as the plunging lira dragged down currencies in developing countries such as South Africa, Argentina, Mexico and Indonesia. On Wall Street, trading screens glowed red as stock market losses that started in Asia spread across North America and Europe. Turkey's ills have been inflamed by President Donald Trump's abrupt move on Friday to double tariffs on imported Turkish metals in a bid to punish Erdogan for refusing to free an American pastor facing terrorism-related charges. As the two Nato allies squared off, national security adviser John Bolton met at the White House on … [Read more...] about Turkey’s currency crisis triggers global worries
SINGAPORE – An alleged oil heist in Singapore that has already led to 20 arrests, the seizure of at least one tanker and allegations that thieves siphoned thousands of tonnes of fuel from Shell’s biggest refinery is shining a spotlight on an illegal trade worth tens of billions of dollars worldwide.Working routes in a triangle of sea anchored by Thailand, Vietnam and Singapore and encompassing the oil facilities of Malaysia, the smugglers take advantage of a difficult-to-patrol sea and enticing black market prices, experts say.The suspects in the latest case are accused of stealing oil from Royal Dutch Shell’s Pulau Bukom refinery, often during business hours, and distributing it around the region.Several of the men charged worked for Shell. Employees of a major Singaporean fuel trading company and a London-listed business that inspects and certifies cargos have also been charged.“Siphoning off fuel is a common thing in Southeast Asia. There is a huge black … [Read more...] about Shady triangle: Southeast Asia’s illegal fuel market