Malaysia's regional neighbors have announced stimulus worth billions of dollars to support their economies through the coronavirus outbreak.
The predictability of REITs and long-term nature of leases should see investors through crises that are "relatively short-lived" and periods of temporary instability, says Andrew Lim of CapitaLand Group.
The company said in November it would seek to cut $1 billion in costs, in part through job cuts.
*Singapore has 90 cases, 5 involving Bangladeshi workers. SINGAPORE, Feb 25- With his shaggy grey beard, rose-coloured robe and a prayer cap that extends his tall frame, shopkeeper Tariqul Islam is an imposing figure on the stall-lined street that serves up home comforts to Singapore's Bangladeshi community. Singapore has reported 90 coronavirus cases, five...
*India prices jump to all-time high. *Singapore, Hong Kong premiums unchanged from last week. BENGALURU/ MUMBAI, Feb 21- Rising prices dented demand for physical gold in most Asian hubs this week, while the coronavirus outbreak dragged China's premiums to their lowest since July 2016.
Malaysian police revealed this week that Jho Low, the fugitive businessman at the center of the 1MDB scandal, could be hiding in Wuhan.
As the global COVID-19 crisis develops, Singapore's economy may enter a fairly "deep slowdown" in the first quarter of 2020 before a rebound in the second quarter, says Euben Paracuelles of Nomura.
The Singapore government has set aside 5.6 billion Singapore dollars ($4.02 billion) to help businesses, workers and households weather the economic hit from the spread of the new coronavirus.
In addition to managing the economic hit from the COVID-19 outbreak, the latest Singapore budget is focused on helping businesses grow in long term, says Indranee Rajah, Singapore's minister in the prime minister's office, who's also second minister for finance and education.
James Walton of Deloitte (Southeast Asia) says Singapore is leading the way in areas such as financial technology, or fintech, and seeing investments into deep tech.
Song Seng Wun of CIMB Private Banking notes that Singapore's budget allocation remains focused on investing in its long-term economic transformation, while helping businesses to navigate the ongoing coronavirus crisis.
Malaysia has reported 22 cases of COVID-19, of which 13 have recovered, according to data compiled by Johns Hopkins University.
Retailers were hoping for more "immediate relief" from the latest Singapore budget, such as rental rebates, says Rose Tong of the Singapore Retailers Association (SRA).
Although Singapore's budget 2020 was largely "comprehensive," businesses were hoping for "more substantial" support measures from the government to tide over the coronavirus crisis, says Kurt Wee, president of the Association of Small and Medium Enterprises.
SINGAPORE, Feb 19- Facebook Inc said it was "deeply concerned" about a Singapore government order to block access to a blog page on its social media website under a controversial fake news law. The government had ordered Facebook this week to block the States Times Review's page in Singapore, saying the blog had repeatedly conveyed falsehoods and had not complied...
Iranian authorities have reported two suspected cases of the coronavirus, according to the country's semi-official ISNA news agency.
SINGAPORE, Feb 18- Singapore construction firms are asking for advice about whether they have the option of invoking force majeure clauses in building contracts as the government turns away or quarantines Chinese labour to stop the spread of the coronavirus, lawyers told Reuters. Singapore has an estimated $20- $24 billion of public and private sector...
SINGAPORE, Feb 18- Singapore construction firms are asking for advice about whether they have the option of invoking force majeure clauses in building contracts as the government turns away or quarantines Chinese labor to stop the spread of the coronavirus, lawyers told Reuters. Singapore has an estimated $20- $24 billion of public and private sector...
Singapore's finance minister, Heng Swee Keat, delivered his annual budget speech on Tuesday.
The ongoing coronavirus outbreak is the country's "biggest risk" on the horizon, and the Singapore economy could only grow by a "very low single-digit" rate, says Selena Ling of OCBC Bank.