Philip Chua Business Blog

Posts Tagged ‘plan’

THE Housing Board has released 1,534 flats at two new projects, in the latest move to allay widespread fear of a public housing shortage.
Yesterday, it launched 750 build-to-order (BTO) units in Punggol and 784 in Woodlands. A further 1,000 BTO flats in Sengkang and Sembawang are slated for launch next month.
The launches are in line with the HDB’s plan to offer an islandwide spread of 7,000 BTO f… more

The Obama administration’s mortgage relief plan provided help to 7 percent of borrowers who signed up last year.









Mortgage – Presidency of Barack Obama – Business – United States – Financial Services

Just over 31,000 homeowners have received permanent loan modifications under the Obama administration’s mortgage relief plan, a big setback for the government’s embattled effort to stem the foreclosure crisis.







Mortgage – Foreclosure – Presidency of Barack Obama – Business – Government

58% of respondents expect to spend more on research and development in next 12 months
MOST business leaders in the Asia-Pacific believe it will take two to three years for the global economy to recover fully.
In the meantime, many are gearing up for future growth and plan to spend more on research and development in the next 12 months.
These findings come from a survey conducted jointly by Pricewa… more

J.C. Penney Co. is reporting a 78 percent drop in its third-quarter earnings because of a big expense to fund its pension plan.

J. C. Penney – Pension – Business – J.C. Penney – Abercrombie & Fitch

A Georgia nonprofit’s inflated job count is among persisting errors in the government’s latest effort to measure the effect of the $787 billion stimulus plan.

Nearly 650,000 jobs have been saved or created under President Barack Obama’s economic stimulus plan, the government said Friday.

The proposals by the Securities and Exchange Commission and the Commodity Futures Trading Commission were part of the administration’s plan to overhaul financial rules.

THE Government is moving quickly on a plan to regulate real estate agents in the wake of growing calls to improve the standards of the industry.
The Straits Times understands that an independent body will be set up and chaired by a neutral party appointed by the Government. It will also house a dispute resolution centre to mediate between agents and consumers.
Key agency bosses, industry associati… more

Reuters – The U.S. Treasury will soon finalize a plan to expand its incentives for mortgage companies to include “short sales” as a way to stem a rising tide of foreclosures, according to a Treasury spokeswoman.