What's up with the PAP continuously harping on the so-called Singapore Dream of late? It's not happening anymore no thanks to them!

[k1976]

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Economics

PBOC Signals Help for Economy on the Way With Credit Growth Weak​

• China’s central bank vows to step up fight against deflation
• New loans miss forecasts in August in sign of weak confidence

Pedestrians walk down Nanjing Road in Shanghai.
Photographer: Qilai Shen/Bloomberg
By Bloomberg News
September 13, 2024 at 7:42 PM GMT+8
Updated on
September 13, 2024 at 9:39 PM GMT+8
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China’s central bank indicated it will step up its fight against deflation and prepare additional policies to revive the economy, after credit data showed private confidence remained weak despite previous interest-rate cuts.

Aggregate financing, a broad measure of credit, increased less in August than in the same month a year earlier, while new loans extended by financial institutions undershot economist forecasts, according to Bloomberg calculations of data released by the People’s Bank of China on Friday.

 

[k1976]

China Home Prices Drop Accelerates as Stimulus Effects Fade​

• Beijing is struggling to contain a property downturn
• Homebuyers in China are anticipating more price declines

By Bloomberg News
September 14, 2024 at 9:44 AM GMT+8
Updated on
September 14, 2024 at 10:19 AM GMT+8
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China’s home prices fell at a slightly faster pace in August, underscoring the waning effect of the latest housing rescue plan.


New-home prices in 70 cities, excluding state-subsidized housing, dropped 0.73% from July, following a 0.65% decline a month earlier, National Bureau of Statistics figures showed Saturday. Values of used homes fell 0.95%, compared with a 0.8% decline a month earlier.

 

[k1976]

China’s retail sales and industrial data miss expectations in August​

Published Fri, Sep 13 202410:00 PM EDTUpdated An Hour Ago

Evelyn Cheng@in/evelyn-cheng-53b23624@chengevelyn
WATCH LIVE
Key Points

• Retail sales rose by 2.1% in August from a year ago, missing expectations of 2.5% growth among economists polled by Reuters. That was also slower than the 2.7% increase in July.
• Industrial production rose by 4.5% in August from a year ago, lagging the 4.8% growth forecast by Reuters. That also marked a slowdown from a 5.1% rise in July.
• Fixed asset investment rose by 3.4% for the January to August period, slower than the forecast of 3.5% growth.

Pictured here is a shopping mall in Hangzhou, China, on Sept. 9, 2024.
Nurphoto | Nurphoto | Getty Images

BEIJING — China’s retail sales, industrial production and urban investment in August all grew slower than expected, according to National Bureau of Statistics data released Saturday.

Retail sales rose by 2.1% in August from a year ago, missing expectations of 2.5% growth among economists polled by Reuters. That was also slower than the 2.7% increase in July.

 

[k1976]

China raising its retirement age may be unpopular but it’s much needed, analysts say​

Published Fri, Sep 13 20245:33 AM EDTUpdated Fri, Sep 13 20242:18 PM EDT
Anniek Bao@in/anniek-yunxin-bao-460a48107/@anniekbyx
WATCH LIVE
Key Points

• China’s top legislative body passed an official plan Friday to begin incrementally raising the nation’s statutory retirement age from Jan. 1 of next year and concluding in 2040.
• Economists have long called for an overhaul of the nation’s retirement age laws, currently among the world’s lowest, that was set in an era with lower life expectancies.

Elderly people are relaxing at a park in Fuyang, China, on January 15, 2024. (Photo by Costfoto/NurPhoto via Getty Images)

 

[tobelightlight]

million-dollar flats, 100k+ COE prices, hawkers paying 5 digit rents.......tell me, any fucking semblance of a SG dream has long evaporated!!!!

It's THEIR sg dream, not yours.

 

[k1976]

New Dream for u, Boss?​

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Commentary: Relocating for work is tough — but the gains are well worth the discomfort and hassle​

Nurjannah Suhaimi/TODAY
Overseas experience is attractive to employers, notes the writer, but being away from home has its trade-offs. How can we best weigh the gains and costs?



Listen to this article
7 min
This audio is generated by an AI tool.
More and more Singaporeans are seeking to broaden their prospects abroad, but being away from the comforts of home has its trade-offs, notes the writer. How can we best weigh the gains and costs for ourselves?

Dawn SooThe author with her husband, Finlay Wright, in Hong Kong in March 2023, shortly before they relocated to Dubai

By Dawn Soo
Published September 12, 2024
Updated September 12,

One wonders: Is it truly worth it to leave our little red dot and venture abroad?

According to a new study by Cigna Healthcare, globally mobile individuals experience higher stress levels (86 per cent compared to the global average of 80 per cent). However, they also report better mental well-being — 58 per cent of globally mobile respondents report “excellent” or “very good” levels of mental well-being, compared to the global average of 46 per cent.

This suggests that while international assignments can be challenging, the resilience and adaptability developed through these experiences can also contribute significantly to overall well-being, and by extension, fulfilment in one’s career and life.

Read also​

'Singaporeans need to level up': Companies say flexi-work could push them to hire overseas​

However, while overseas assignments can be immensely valuable for personal and professional development, we first have to be clear-headed about the benefits and priorities we are seeking before making that leap.
Having spent a significant chunk of my career based outside of Singapore, here’s my two cents on the matter.

 

[k1976]

Recap 6mth ago....huat big big start liao​

Apac real estate values emerge after ‘the great reset’​

https://www.businesstimes.com.sg/wealth/apac-real-estate-values-emerge-after-great-reset

Benett Theseira​

Published Mon, Mar 18, 2024 · 06:55 PM
Real estate

• The outlook for office space in Sydney, Seoul and Singapore appear compelling, despite headwinds in the office sector globally. PHOTO: BT FILE
• The outlook for office space in Sydney, Seoul and Singapore appear compelling, despite headwinds in the office sector globally. PHOTO: BT FILE
• The outlook for office space in Sydney, Seoul and Singapore appear compelling, despite headwinds in the office sector globally. PHOTO: BT FILE
• The outlook for office space in Sydney, Seoul and Singapore appear compelling, despite headwinds in the office sector globally. PHOTO: BT FILE
• The outlook for office space in Sydney, Seoul and Singapore appear compelling, despite headwinds in the office sector globally. PHOTO: BT FILE

THE sharp rise in global interest rates that took hold in the second half of 2022 drove a “great reset” of real estate values, with mixed impact on investors and lenders.
However, with interest rates peaking and inflation starting to ease, we are beginning to see light at the end of the tunnel. The Asia-Pacific (Apac) real estate market is set to begin its recovery in 2024, driven by stabilised capital values and resilient income returns.
The structural growth in terms of demographics, digitalisation and decarbonisation are driving secular shifts in occupier demand across real estate sectors and geographies. From the cyclical perspective, some markets in Apac current offer interesting entry prices and rental growth prospects, as the current cycle and price discovery enter a stabilisation stage.

Furthermore, the ongoing shift from the more highly regulated traditional bank-led financing and towards private market funding is creating new opportunities for debt investors.