Philip Chua Business Blog

Posts Tagged ‘Unit’

The government is providing a fresh $3.8 billion cash infusion to stabilize GMAC Financial Services as it struggles with hefty losses in its home mortgage unit.









Wall Street Journal – GMAC – Administration of federal assistance in the United States – GMAC Financial Services – Business

SINGAPORE) SINGAPORE’S rich are among the most optimistic of investors when it comes to property investments, and are planning to raise their exposure to the asset class in the next two years, a new study shows.

The study, by Barclays Wealth and the Economist Intelligence Unit, found that 53 per cent of high net worth inves… more

Instead they appointed Temasek unit ST Asset Management – a move backed by the independent directors – in a bid to revive the company’s flagging fortunes.

The move had been opposed by the previous manager, a unit of collapsed Australian investment bank Babcock & Brown, which fell victim to the financial crisis.

Babcock, the firm’s No. 1 shareholder with a 13.8 per cent stake, is in liquidat… more

A one-day preview at the upmarket Marina Bay Suites development saw invited buyers snap up most of the 90 units released for sale at average prices ranging from $2,200 to $2,500 per sq ft (psf).
At least 81 units were bought yesterday at the 99-year leasehold, 221-unit condominium in Marina Bay, whose launch had been delayed by almost two years, said a spokesman for Raffles Quay Asset Management, … more

The key economic data release in the US is retail sales for October. Last month saw some pay-back from the cash-for-clunkers boost. However, October auto unit sales data shows that auto sales have picked up again, returning to an underlying upward trend. Spending outside autos has also shown improvement lately…

TEMASEK Holdings is capitalising on buoyant financial markets to sell bonds that will raise hundreds of millions of dollars for its activities.
The 10-year bond issue – marking only the second time the company has tapped the bond markets for financing – comes after a difficult year in global equity markets for the investment firm.
Temasek unit Temasek Financial, which will issue the notes, said ye… more

What do you call an area equivalent to 21/2 carpark lots?

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How big is 258 sq ft?

An apartment, covering 258 sq ft.
Such units were among apartments of various sizes put up for sale at the Suites@Guillemard pro-ject in Guillemard recently.
The cost of the small unit… more

(SINGAPORE) The new breed of ’shoebox’ private apartments may have caught the imagination, but don’t expect them to invade the housing landscape. Some may not even get the planning authority’s approval, going forward, if recent decisions are any guide.
Earlier this month, Singapore saw its smallest ever apartment unit – at 258 square feet – being put on the market at the Suites@Guillemard project…. more

DBS GROUP Holdings has pulled out of the race to buy ING’s private banking unit in Asia because it does not want to pay a premium for the business, sources say, while OCBC Bank has confirmed that it is still in the running.
DBS let its bid lapse and pulled out of the deal a few weeks ago, the sources add.
When contacted, a DBS spokesman said: ‘As a policy, we do not comment on market rumours and s… more

Reuters – American International Group is to sell its Taiwan life insurance unit for $2.15 billion, marking the largest disposal since a U.S. government bailout saved the insurer from collapse last year.