JLL warns of property market slowdown

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All property sectors, except the industrial and logistics market, should brace for a market slowdown of at least 18 months after economic recovery next...

World’s first 600km/h high-speed maglev transportation system to roll off production line in E...

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The world's first high-speed maglev transportation system, which travels at a speed of 600 kilometers per hour, will be rolling off the production line...

ADB trims developing Asia’s 2021 economic growth forecast to 7.2%

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MANILA, July 20 (Reuters) - Developing Asia's economic growth this year will be slightly lower than previously projected, the Manila-based Asian Development Bank said...

China approves 7 fixed-asset investment projects worth $6 bln in June

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BEIJING, July 19 - China's state planner in June approved seven fixed-asset investment projects worth 38.9 billion yuan ($6.00 billion), it said on Monday. China's...

The Covid-19 serviced apartment boom: luxury hotels struggled amid travel bans and lockdowns, so...

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Hotel occupancy levels plummeted globally during the Covid-19 pandemic as travel ground to a halt, however the serviced apartment sector remained largely resilient. Serviced apartment...

China’s bank regulator warns of rising bad loans due to uneven recovery

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BEIJING, July 14 (Reuters) - Chinese banks are facing the threat of rising bad loans in the future as the current economic recovery is...

Ministry approves 4 trial projects

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The Transport Ministry has approved four trial projects proposed by the Department of Highways under its Motorways-Rail Map (MR-Map) interprovincial network. The approval came during...

Bridging connectivity between Asean and China key to economic recovery: Gan Kim Yong

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Fostering greater physical and digital connectivity between Asean and China will help facilitate trade and drive economic recovery in the region, said Minister for...

Gold dips as US dollar claws up, equities firm

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BENGALURU (July 12): Gold prices eased on Monday as a slightly stronger US dollar and buoyant equities dimmed the safe-haven metal's appeal, with investors...

Smart eco-city real estate sustainable investment channel

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Smart eco-urban real estate meets the demands of long-term investment, with investors less interested in surfing than in sustainable value. While the real estate market...

Japan land prices fall for first time in six years due to pandemic

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Land prices in Japan fell 0.5% on average in 2021 from a year before, down for the first time in six years due to...

Sydney Airport gets $16.7 bln buyout bid as investors take longer-term view on travel

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SYDNEY, July 5 (Reuters) - A group of infrastructure investors has proposed one of Australia's biggest-ever buyouts, a A$22.26 billion ($16.7 billion) purchase of...

FDI to start recovering next year in hotel, tourism sectors

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Thailand's foreign direct investment (FDI) is expected to recover next year, especially for hotels, tourism and other sectors such as electronics and wafer fabrication...

Oil steady after OPEC+ delays meeting on supply decision

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MELBOURNE: Oil prices held steady on Friday after OPEC+ ministers delayed a meeting on output policy as the United Arab Emirates baulked at a...

China will create millionaires over 3 times faster than US in 5 years

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HONG KONG: China will create millionaires at a quicker pace than the United States in the five years through 2025, as a rapid recovery...

Evergrande Sells Stake in Internet Unit for $570 Million

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China Evergrande Group sold stakes in its internet unit for $570 million to ease funding pressure, according to an exchange filing late Monday. The developer...

People’s Park Complex car park up for sale at S$42 million guide price

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SINGAPORE: A multi-storey car park at People’s Park Complex was put up for sale by public tender on Tuesday (Jun 22) with a guide...

Hotel sector likely to see recovery only in 2023, says MAH

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THE future remains bleak for hoteliers, with some hotels running at zero occupancy while others have opted to temporarily shut their doors. Several are...

ASEAN-BAC urges govt to ratify RCEP, CPTPP by year end

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KUALA LUMPUR (June 22):TheASEAN Business Advisory Council (ASEAN-BAC) hasurged the government to ratify both theRegional Comprehensive Economic Partnership (RCEP) and the Comprehensive and Progressive...

Axiata, Telenor Merging Malaysian Units To Create $12 Billion Telecom Giant

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Axiata Group and Norway’s Telenor have agreed to combine their mobile operations in Malaysia to create a 50 billion ringgit ($12 billion) telecom giant...