HSBC CEO Georges Elhedery discusses plans to take Hang Seng Bank private, and the impact its property loan book will have on HSBC’s exposure to the continued slump in the market.
Singapore bank sets aside record $470mn provision for Hong Kong property loans
Singaporean lender United Overseas Bank set aside its largest ever loan provision of S$615mn (US$470mn) on Thursday in anticipation of potential losses in the Hong Kong and US property markets.
Hotel Miramar to be reborn as Singapore’s first DoubleTree
Artist’s impression of the upcoming DoubleTree by Hilton Singapore Robertson Quay. (Source: Aravest, Hilton and Wee Hur) Asset management firm Aravest, together with Wee Hur Property, has partnered …
METT Singapore is now officially open
METT Singapore opened its doors, welcoming guests to discover a fresh new chapter at the iconic property at Fort Canning Park.
Nepal Scouts moves to seize property of former minister Khadka’s company over unpaid rent
The Scouts has given the Khadka Land Development seven days to clear dues or face control of buildings and assets.
IDF hits Yemen’s Houthis with 65 munitions in operation ‘Pass the Parcel’
The IAF undertook its largest and farthest strikes against Yemen’s Houthis on Thursday afternoon in response to recent attacks on Eilat. Twenty IAF fighter jets flew 2,200 kilometers – some targets in …
CIA says it has evidence Iran’s nuclear program was ‘severely damaged’ as assessments of US strikes’ impact continue
CIA Director John Ratcliffe on Wednesday said in a statement that the agency had obtained “a body of credible evidence [that] indicates Iran’s Nuclear Program has been severely damaged” by recent …
Coastal Georgia voters approve sales taxes, property tax relief
Voters in Coastal Georgia counties approved multiyear extensions of a one-cent sales tax to fund infrastructure projects, and also approved a one-cent sales tax to reduce local property tax bills.
Atlanta, Fulton voters overwhelmingly back new senior property-tax breaks
City of Atlanta and Fulton County voters overwhelmingly backed new homestead tax exemptions for seniors, according to unofficial Nov. 4 election results.
Three Georgia counties reject sales tax for property tax relief
(The Center Square) – Three Georgia counties said “no” to a new five-year, 1-cent sales tax for property tax relief. House Bill 581 created the new floating local option sales tax, commonly referred …