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  • Treasure at Tampines despite its massive size is still attractive to buyers

    Treasure at Tampines despite its massive size is still attractive to buyers

    Treasure at Tampines was officially launched in March last year and is expected to TOP in 2023. Enthusiasm for the development is still high because of its affordable pricing. But the massive size of the development means that buyers may have to compromise on exclusivity and privacy. Project: Treasure at Tampines District: 18 Address: Tampines [&hellipThe post Treasure at Tampines despite its massive size is still attractive to buyers appeared first on iCompareLoan Resources.

  • Business
    Reuters SG

    Asia Gold-Discounts narrow in top hubs as price dip attracts some interest

    Physical gold demand limped higher in top Asian hubs this week, with dealers in India easing discounts to the lowest level in six weeks, as a drop in prices saw a little interest return in the precious metal. Indian dealers offered discounts of up to $5 an ounce this week over official domestic prices, inclusive of 12.5% import and 3% sales levies, down from last week's $23. In China, the biggest consumer of bullion, discounts narrowed to $40-$45 an ounce from last week's $44-$48.

  • HDBank Issues Convertible Bonds to Strategic Partner Germany’s DEG

    HDBank Issues Convertible Bonds to Strategic Partner Germany’s DEG

    HO CHI MINH CITY, VIETNAM - Media OutReach \- 25 September 2020 - The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank \- HoSE: HDB) today announced the signing of an agreement to issue convertible bonds and enter into a strategic tie-up with DEG - DEUTSCHE INVESTITIONS- UND ENTWICKLUNGSGESELLSCHAFT MBH ("DEG"). DEG will invest in convertible bonds issued by HDBank. The two parties will have a strategic partnership for developing products, services and finance packages for German businesses in Vietnam and Vietnamese exporters to Germany and Europe, contributing to boost the trade cooperation between Vietnam and Germany as well as with other European countries. DEG is a development finance institution owned by German state-owned development bank KWF and is one of Europe's15 leading development finance institutions. It is currently present in 19 countries, managing a portfolio of around EUR8.6 billion in private groups around the world. In Vietnam, DEG has been active for almost 20 years with a portfolio of EUR220 million. Jochen Steinbuch, its regional manager in the Asia Pacific, said: "Vietnam is seen as a bright spot for foreign investors as the economy is believed to be least affected by Covid-19." "Thanks to a young population with a expanding middle class, demand for banking and financial services is high." "HDBank is one of the leading joint stock banks in Vietnam, always maintaining a good and sustainable growth rate." "HDBank's financial health, asset quality and business performance are among the best in the industry. Notably its NPL ratio usually stands around 1 per cent and ROE is over 20 per cent. We have great confidence in the development of the bank in the future." The agreement opens a new chapter in the long-term co-operation between German and Vietnamese businesses, especially in the context that the EVFTA took effect recently. About HDBank:Ho Chi Minh City Development JSC Bank (HDBank, HOSE:HDB) was established in 1990, making it among the first commercial banks in Vietnam. After 30 years of operations, HDBank is now one of the leading banks in Vietnam. It has strong finances and modern technology, and provides a wide range of financial services to individuals, corporates and investors.