Hong Kong protests

Hong Kong protests

Hong Kong unrest driving billions of dollars to Singapore: Goldman Sachs

(Oct 3): The potential benefit to Singapore from the turmoil in Hong Kong: US$4 billion ($5.5 billion).

Global Economy

Briefs

SINGAPORE (Sept 30): “No doubt, I will receive some harsh criticism. But I also hope to receive constructive suggestions to help this government meet the public’s expectations for a more inclusive and fairer Hong Kong.” — Hong Kong Chief Executive

Broker's Calls

Ongoing Hong Kong protests dim Dairy Farm's outlook

SINGAPORE (Sept 23): The ongoing Hong Kong protests have reached Week 16, and it is dimming the outlook for Dairy Farm International Holdings, the retail business which derives some 70% of its operating profit from Hong Kong.

Hong Kong protests

Hong Kong property hunters grab bargains in wake of protests

(Sept 16): It looked like the perfect investment opportunity. A mostly vacant shopping center with scant competition serving a middle-class neighborhood far from Hong Kong’s city center. With a makeover, Wang Tse thought, there could be good foot traff

Hong Kong protests

Hong Kong firms look to Singapore to escape protests

SINGAPORE (Sept 13): Almost a quarter of businesses in a new survey are thinking of leaving Hong Kong to escape ongoing protests, with most looking to Singapore as their favored location.

Hong Kong protests

Central Hong Kong hit with violence after Lam’s big concession

(Sept 9): Hong Kong leader Carrie Lam’s biggest concession yet to protesters did little to stem scenes of violence that have become the norm on weekends in the Asian financial hub.

Markets

Hong Kong formally withdraws extradition bill; Singapore's GDP forecast lowered

SINGAPORE (Sept 9): After 13 long weeks of protests in Hong Kong, an end to the political crisis in the Special Administrative Region may be in sight. On Sept 4, the city’s embattled leader Carrie Lam formally announced the withdrawal of the extradition

Hong Kong protests

Hong Kong leader announces withdrawal of controversial extradition bill

HONG KONG (Sept 4): Hong Kong leader Carrie Lam on Wednesday announced the withdrawal of an extradition bill that triggered months of unrest and threw the Chinese-ruled city into its worst crisis in decades, a source with knowledge of the matter told Reut

Sovereign wealth funds

Hong Kong turmoil, Brexit roil Temasek's US$3 bil Watson sale

(Sept 3): Temasek Holdings’ sale of a US$3 billion ($4.2 billion) stake in retailer AS Watson Group has been derailed under the twin pressures of Brexit and the anti-government protests rocking Hong Kong, people with knowledge of the matter said.

Hong Kong protests

Amid crisis, China rejected Hong Kong plan to appease protesters

HONG KONG (Aug 30): Earlier this summer, Carrie Lam, the chief executive of Hong Kong, submitted a report to Beijing that assessed protesters' five key demands and found that withdrawing a contentious extradition bill could help defuse the mounting po
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