The overall budget deficit for 2020 is expected to rise to S$10.9 billion (RM32.48 billion), or 2.1% of gross domestic product, Deputy Prime Minister and Finance Minister Heng Swee Keat said in his Budget 2020 speech.
DBS Group Research says Frasers Hospitality Trust is in a stronger position to pursue acquisition opportunities, following its recent pre-emptive rights issue.
Following Donald Trump’s victory in the US presidential election, the probability of a US Fed rate hike in mid-December has surged to 92%, based on the Fed funds futures rate.
The new docklands development, dubbed Dublin Landings, will be jointly developed by Oxley and Ballymore Group, one of the largest private-owned property groups in Europe.
Land prices have escalated this year following intense competition in recent land bids.
GuocoLand on Wednesday announced that 70% of retail space at Tanjong Pagar Centre has been taken up, ahead of the development’s scheduled completion in 3Q16.
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