Friday, 9 January 2009
Wednesday, 7 January 2009
The former deputy chairman of the Xinzhou People’s Political Consultative Conference was jailed for six years yesterday for reckless driving that led to the death of top Shanxi graft-busting official Jin Yinhuan.
2009 will be a year of adjustment for the real estate industry. The bearish market may end in the second half of 2009, but a 21st-Century Real Estate insider said a rebound in the second half of 2009 didn’t mean price hikes. Any boom in a real sense, with rising housing prices, won’t come until 2011 at the soonest.
General Motors Corp posted a 6-percent growth in its China vehicle sales in 2008, the lowest growth rate in at least six years, the US carmaker said on Tuesday, reflecting the stagnant market amid the financial crisis and a lack of attractive models.
We refer to the letter from Mr. Mak Yuen Teen, ‘Thoughts on SGX’s regulatory stance’ (BT, Dec 23, 2008).
But volatile markets also make it more difficult for banks that issue warrants to hedge their risk. As a result, there were 31 per cent fewer new warrant listings in 2008 - just 1,184 compared with 1,724 a year earlier - as issuers turned more cautious.
Tuesday, 6 January 2009
Businessman Lee Kok Leong, 62, is alleged to have inserted glue into the padlock, main wooden door and rear gate keyholes of a flat at Block 5000E, Laguna Park, Marine Parade Road, at 12.44am on Aug 25 last year.
In 2009, China, along with the rest of the world, is at a new historical starting point. The largest post-Cold War change in the world situation is taking place in response to the global financial crisis and economic recession, a rebalance of the global economy. The change will not be sudden and catastrophic but a gradual and, it is profoundly to be hoped, peaceful evolution, and will run from to the middle of the 21st century.
Monday, 5 January 2009
Tax deductions or exemptions have been added to cuts in the flat rate of taxes levied on property sales on the mainland in a bid to stimulate the floundering market, but analysts believe the measures will have only a marginally positive effect and that more relief is in the pipeline.
The Chinese government may have lost billions of dollars during the financial crisis when private equity investments vanished.
They want High Court to order ICA to issue work and study passes
For most of 2008, the advice given in this column was to selectively buy the dips but to always sell into strength because all bounces would eventually turn out to be bear traps.
Many governments are trying to boost asset markets directly. The US suspended short-selling for a period. Pakistan and Russia closed stock markets from time to time. China cut stamp duties. These measures have had little effect for a good reason. Most of the reductions in asset prices are due to bubble bursting, i.e., the prices were too high before, not too low now. For example, the average price-book ratio for the US stock market for the past eight decades is 2. The current level is 1.7, not a big discount from the historical norm.
Sunday, 4 January 2009
Despite mainland share prices suffering a dramatic fall last year, it is still too early to write off their long-term investment potential.
Each Senior Counsel spent, on average, just one day in the Court of Appeal last year and another 11 days arguing a trial in court.
There’s a lesson for China’s car makers in the fate of the ailing U.S. auto industry: develop smaller, fuel-efficient models instead of betting on gas-guzzlers, industry analysts have warned.