Philip Chua Business Blog

Posts Tagged ‘April’

POLICYHOLDERS of NTUC Income can expect a surprise bonus this year to commemorate its 40th anniversary. Yesterday, its chief executive Tan Suee Chieh told The Straits Times that it is likely to do ’something special’ for its customers to mark the anniversary.
Details will be announced when the insurance cooperative posts its investment performance next month or in April.
Besides the good news for … more

(SINGAPORE) The Ministry of Law is proposing that law firms set up a new type of bank account – a conveyancing account – for lawyers to hold funds entrusted to them by homebuyers and sellers.

The pilot trial of the new scheme could take place as soon as April this year, with the entire scheme taking off as early as next year, BT understands.

These conveyancing accounts will have a host of secu… more

The harmonized EMU unemployment rate has been rising since April 2008, by a total of 2.6 percentage points to 9.8% so far. The regional differences are striking: while the German rate was unchanged from March 2008, the Spanish rate jumped by almost 10 percentage points in the same period. We…

CONSUMER confidence has rallied here, as key Asian markets continue leading the world out of recession.
A new survey found confidence rose nine points from April to November, matching the global average, as better job prospects and healthier savings gave people heart. However, Singapore consumers, like those across the world, are still nervous about economic prospects, the Nielsen Global Consumer … more

Plenty of investors are walking around dwelling on that most painful of questions: What if?

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Diversified stock investment

What if they had jumped back into the stock market in late March or April, soon after the market bottomed out?
Since then, the white knuckle pa… more

The financial media was all atwitter over USD weakness this past week, but the buck managed to hang on despite reports of its imminent demise. The greenback got off to a weak start after a less than supportive G7 statement retained the same language on FX as the April communiqué,…

The harmonized EMU unemployment rate has been rising since April 2008, by a total of 2.3 percentage points to 9.5% so far. The regional differences are striking: while the German rate is only 0.2 points higher than in March 2008, the Spanish rate jumped by more than 9 points in…

SINGAPORE) The Good Class Bungalow (GCB) market has sprung to life with high-net-worth individuals stepping up their purchases.
July was an especially action-filled month which saw about 20 GCB transactions worth a total of more than $300 million. To put this in perspective, the entire first quarter of this year saw GCB deals worth only $27.5 million.
The action picked up in April, when $56 millio… more

The Q2 figure is also some 9 per cent up from Q4 2008, said the Life Insurance Association of Singapore (LIA) yesterday.
Sales in Q1 came to $817.9 million, giving a half-year total of $1.95 billion, or a more than 64 per cent drop from the same period last year.
But last year’s $5.48 billion was partly driven by impending CPF investment scheme restrictions that took effect in April 2008, while th… more

Reuters – General Growth Properties Inc , the large U.S. mall operator that filed for bankruptcy in April, on Tuesday reported a 2.1 percent decline in quarterly net operating income from its retail properties, citing weakness in the economy and falling occupancy rates.