VinBrain will collaborate with Microsoft in data sharing, product cross-validation, and product research & development. VinBrain is the first Vietnamese customer to sign a formal collaboration agreement with Microsoft to develop AI-powered healthcare services HANOI, VIETNAM - Media OutReach - 26 January 2023 - VinBrain, one of Vietnam's leading technology companies, is working to transform global healthcare through its AI products. One of VinBrain's primary products is DrAid™, an AI pathology pr
The new owner has the option to redevelop the site into a six-storey commercial building with a gross floor area of up to 27,125 sq ft, says PropNex (Picture: PropNex Realty)SINGAPORE (EDGEPROP) - A portfolio of six adjoining freehold shophouses on Serangoon Road has been sold for $62.5 million, according to a Jan 26 press release by PropNex Realty, who brokered the deal. The shophouses were launched for sale by tender last August with a guide price of $63 million. The sales tender closed on Sep
India's current account deficit is "eminently manageable" and within the parameters of viability, India's central bank governor Shaktikanta Das said at an event on Friday. The net balance under services and remittances remains in a large surplus, partly offsetting the trade deficit, Das said at a conference in Dubai, according to a copy of the speech released by the central bank. While the global environment has turned hostile and uncertain, the Indian economy remains resilient, said Das, pointing to a strong financial system in the country and deleveraged corporate balance sheets.
SINGAPORE - Media OutReach - 26 January 2023 - Bondee, a social media app, officially launched on the App Store. Within a few days of its release, it climbed to the top of the App Store rankings and entered the spotlight. Metadream, a tech startup based in Singapore, developed Bondee to create a virtual world where users can design avatars, share their moods, statuses, and daily lives, and add friends to chat and interact with online. Users can also personalize their spaces, visit friends, and p
View of the living area from the study loft of the penthouse of the newly refurbished penthouse at Bishopsgate Residences (Photo: SuMisura)SINGAPORE (EDGEPROP) - Leading interior design firm SuMisura recently completed an extensive renovation of a 6,082 sq ft, four-bedroom penthouse at Bishopsgate Residences. The 31-unit, freehold luxury condominium was developed by Japanese developer Kajima Corp, and completed in November 2012.The new owner of the penthouse, believed to be a Chinese national wh
Elektros (OTC PINK:ELEK), an emerging leader in the electric mobility industry, announced it has begun talks with Lithium mining project in Sierra Leon, Africa.
Artist’s impression of The Carrara. The Carrara features six luxurious, marble-inspired homes with thoughtful and pragmatic design (Picture: Sevens Group)The Carrara, a flagship landed development in District 15 has already seen two units snapped up by discerning buyers — a testament to the appeal of these highly desirable homes. The properties, located at 801 and 803 Mountbatten Road, were sold for around $3,000 psf, based on their respective land areas of 3,016 sq ft and caveats lodged.Four mo
The streaming television company has reported better-than-expected financial and membership numbers. The post <strong>Netflix’s Share Price Has Shot Up 23% This Month: Is the Worst Over?</strong> appeared first on The Smart Investor.
Tourists visiting Singapore for the Lunar New Year have been greeted with wet weather and plunging temperatures that have locals scratching their heads as the city state records the most rainfall in at least a decade.
In 2023, more Asia Pacific real estate investors are targeting opportunistic deals, distressed assets and non-performing loans, notes a survey by CBRE (Picture: Samuel Isaac Chua/The Edge Singapore)SINGAPORE (EDGEPROP) - In December 2022, Hong Kong-listed Link REIT signed a deal to purchase two Singapore shopping malls — Jurong Point and Swing By @ Thomson Plaza — from NTUC unit Mercatus Co-operative for $2.16 billion. The purchase price is a 6.1% discount to the combined aggregate value of $2.3
Physical gold dealers in India offered the steepest discounts in 10 months this week to lure customers, as a sharp rally in local prices squeezed demand in the world's second-biggest bullion consumer. Local gold prices hit an all-time high of 57,125 rupees ($700.02) per 10 grams this week, forcing dealers to offer discounts of as much as $42 an ounce over official domestic prices, inclusive of 15% import and 3% sales levies, versus a discount of $24 last week. Dealers and jewellers have been postponing purchases on hopes the government would cut import duty in the upcoming budget, said a Mumbai-based dealer with a private bullion importing bank.
Frasers Centrepoint Trust reported better operating metrics for its malls (Picture: Samuel Isaac Chua/The Edge Singapore)SINGAPORE (EDGEPROP) - Frasers Centrepoint Trust reported all round better performance for its malls. The portfolio’s committed occupancy improved 0.9%-pt q-o-q and 1.2%-pt y-o-y to 98.4% as leasing demand remains firm, FCT’s manager said. This was underpinned by improved occupancy at Changi City Point with a reconfigured food court space which is fully leased; and a 1.9%pt im
MUMBAI (Reuters) -Sugar mills in India's top producing state Maharashtra are set to stop cane crushing 45 to 60 days earlier than last year as heavy rain has curtailed sugar cane availability, a senior state government official told Reuters on Friday. The western state of Maharashtra, which accounts for more than a third of the country's sugar output, could produce 12.8 million tonnes of sugar in the 2022/23 marketing year that began on Oct. 1, down from an earlier forecast of 13.8 million tonnes, Maharashtra's sugar commissioner Shekhar Gaikwad said. Lower sugar output could prevent the world's second-biggest exporter from allowing additional exports, potentially supporting global prices and allowing rivals Brazil and Thailand to increase their shipments.
Some of India's leading public sector banks said on Friday their exposure to the Adani Group was within the limits prescribed by the central bank, assuaging fears of default risks from their exposure to the conglomerate. The ports-to-energy conglomerate, helmed by Gautam Adani - one of the world's richest men, has come under attack from U.S. short-seller Hindenburg Research, leading to a sharp fall in shares of group companies and the lenders that have exposure to it. The Reserve Bank of India allows for no more than 25% of a bank's available eligible capital base to be exposed to any one group of connected companies.
If you’re looking for resilience in the REIT sector, look no further than these three REIT categories. The post <strong>3 Types of REITs to Survive a Recession</strong> appeared first on The Smart Investor.
The IMF will send a team to Pakistan next week to discuss reviving a desperately needed bailout programme, with a foreign exchange crisis bringing imports almost to a standstill. But Khan reneged on his promise to cut subsidies and market interventions that had cushioned the cost-of-living crisis, causing the programme to stall.
Singapore home prices grew at the slowest pace in more than two years in the fourth quarter of 2022, a sign that the property boom is starting to moderate as supply dwindles and interest rates climb.
The HDB Concessionary Loan comes with a lot of rules guidelines and procedures. Here is all the relevant information you'll need. The post How to apply for a HDB Loan Eligibility (HLE) letter appeared first on .
Minister for Culture, Community and Youth and Second Minister for Law Edwin Tong SC announces the development of the Digital Conveyancing Portal (DCP), an online portal that will streamline the current paper-based conveyancing process (Picture: SLA)SINGAPORE (EDGEPROP) - The Singapore Land Authority (SLA) has made progress on the development of its Digital Conveyancing Portal (DCP), an online platform targeted at streamlining the legal process of transferring property titles.With the DCP, SLA ai
Adani Enterprises lost more than 19% on Friday, sliding below the 3,276 rupees ($52.74) level.