Asia will be biggest growth driver: Analyst

Straits Times Singapore, December 15, 2009, Tuesday   By Robin Chan   Asia will grow rapidly even if the US economy stays weak, says DBS’ Mr David Carbon.   ASIA will replace the United States as the largest source of new economic demand next year, making it the world’s biggest growth driver. That means US demand will be [...]

New home sales come close to 2007 levels

Straits Times Singapore, December 15, 2009, Tuesday But with more mass market deals, total value is at 58% of that in 2007   By Joyce Teo, Property Correspondent WITH the year nearly over, it is clear that nearly as many homes will be sold this year as in the boom year of 2007.  CB Richard Ellis (CBRE) predicted [...]

Abu Dhabi’s US$10b lifeline saves Dubai

Straits Times Singapore, December 15, 2009, Tuesday US$4.1b will be used to meet debt obligations to stave off default   By Fiona Chan DEBT-LADEN Dubai was rescued from the brink of a default by fellow emirate Abu Dhabi yesterday with a surprise US$10 billion (S$13.9 billion) handout that arrived just in time.  Abu Dhabi, the oil-rich capital of [...]