Archive | March 20, 2008

Behind latest Fed rate cut, inflation fears loom

The Straits Times – March 20, 2008 WASHINGTON – THE United States central bank cut interest rates by three-quarters of a percentage point to 2.25 per cent, less than widely expected but more than what some of its policymakers were comfortable with. Two of the 10 voting members of the Federal Open Market Committee opposed […]

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Strong demand in Asia seen slowing next year

Business Times – 20 Mar 2008 This poses risks as firm US recovery unlikely: consultancy  (SINGAPORE) Domestic demand in Asian countries this year look strong, but may slow down in 2009. This may present risks to regional countries as the US economy is unlikely to make a strong recovery next year, according to consultancy firm […]

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Cheung Kong pips Far East in URA tender

Business Times – 20 Mar 2008 It offers $305psf ppr for West Coast condo plot next to Blue Horizon  (SINGAPORE) Cheung Kong Holdings-linked Billion Rise yesterday pipped Far East Organization to emerge as top bidder for a 99-year leasehold condo site facing West Coast Park and overlooking the sea. Billion Rise’s bid of $110.44 million […]

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