Philip Chua Business Blog

Posts Tagged ‘government’

(SINGAPORE) After a slow start to the year, the market for initial public offerings (IPOs) may still end 2010 with a bang if some highly anticipated mega IPOs make their way here. Industry players are expecting at least three blockbuster listings by the end of the year, of which two are linked to the Singapore government. If that materialises, 2010 will shape up to be a stronger year than 200... more

Fannie Mae is asking for less money from the government, a sign that the cost to taxpayers for bailing out the mortgage giant could be billions lower than once thought.



Fannie Mae - Mortgage - Business - United States - Financial Services

THERE should be no retirement age for workers, Minister Mentor Lee Kuan Yew said at a dialogue session yesterday. Singapore's ageing population means its employers have to help old workers stay productive and workers have to be willing to keep working, Mr Lee said. 'I don't think there should be a retirement age,' said Mr Lee, who is 86, drawing laughs from the more than 900 managers, government... more

CHINESE developers eager for a slice of the red-hot housing pie are nudging their way into Singapore's property scene. Chinese developers bid for at least 10 out of the 15 residential land sites put up for tender in the Government Land Sales (GLS) programme for the first half of this year. They have landed three plots and narrowly missed out with second-place bids on at least two other sites. ... more

A firm 'risk on' day with even a larger-than-expected fall in US ISM nonmanufacturing unable to stem the equity rally. Good demand for Spain's fi rst syndicated government bond offering (€6bn of 10yr bonds) since February gave equities a boost leading to a 2.5%+ rally in Europe. Despite ISM nonmanufacturing

As officials at the Federal Reserve may soon discover, more isn't always better.


Federal Reserve System - Central bank - Government - Federal Reserve - Economic