HDB Commence Work Building 40,000 New Homes
HDB has started work on 40,000 new high-spec homes in Singapore. The HDB is undergoing work on three new housing projects to join their existing list of green developments.
JD.com Raises $1.78 Billion
JD.com Inc., a Chinese online retailer whose business model is similar to Amazon.com Inc.’s, raised $1.78 billion in its US initial public offering after pricing the shares above the marketed range.
Singapore Remains in Top Spot as an Investor-Friendly Location
Singapore has retained the top spot in the Economist Intelligence Unit’s (EIU) latest ranking of the world’s most investor-friendly locations.
China’s Economy May Have Already Surpassed the US
An update on the previous news that China is set to overtake the US economy may have already happened.
Crude Oil Prices Lower in Asia, Manufacturing Hits 5-Month High
The Asian trade oil prices has slipped following healthy gains in London and New York, but losses were limited as investors were cheered by signs of recovery in China’s manufacturing sector, Business Inquirer reports.
China and Russia Sign Key Gas Agreement
Russia’s state-controlled Gazprom signed a long-awaited megadeal to supply gas to China this week, which could ease the impact of Western sanctions on the country.
Manufacturing Hits 5-Month High
Chinese manufacturing activity saw a sharp improvement in May, hitting a five-month high, says HSBC, warning that government action was needed to kickstart the world’s number two economy.
Japan Exports Saw Rise in April
Japan’s exports rose 5.1 percent in April from a year earlier, above analyst forecasts in a Reuters poll for a 4.8 percent rise.
$82.9 Million Contract Secured to Upgrade Puerto Princesa Airport
The Philippines Department of Transportation and Communications (DoTC) has awarded a $82.9m design-and-build contract to a joint venture (JV) to upgrade Palawan’s Puerto Princesa International airport.
Xiaomi Flagship Mi3 Smartphone for Sale from Today
Yesterday, Chinese Smartphone maker Xiaomi announced that it will release its flagship Mi3 device in Malaysia today, via their mi.com/my website. The unlocked 16GB version of the device retails for RM889 (approximately $277), and will ship with a brand new Malaysia-themed skin for its MIUI firmware. Singapore also got their own MIUI skin when the Redmi device was launched earlier this year. The company added that the Redmi 1S, the upgraded version of its low-mid entry level Smartphone, will make its way to Malaysia in a month’s time, with a further hope to reach the markets in India, Russia, Turkey, Mexico and Brazil by the end of the year.
