Hong Kong unrest

“One country, two systems is the biggest advantage,” Luo Huining, the new director of the Hong Kong Liaison office, said at a media briefing Monday.

(Jan 1): Deposits by non-residents in Singapore banks rose 2.6% in November to $51.1 billion, the eighth consecutive month of gains, according to Monetary Authority of Singapore data.

SINGAPORE (Dec 6): DBS Group Research is cutting its target price for Mapletree North Asia Commercial Trust (MNACT) by 18.8% to $1.30 on the back of lower rental reversion assumptions for key asset Festival Walk.

SINGAPORE (Nov 20): More than a week after violence from escalating unrest in Hong Kong spilled into Festival Walk shopping centre, the Kowloon Tong mall remains closed “until further notice”.

SINGAPORE (Nov 11): While DBS Group Holdings CEO Piyush Gupta is confident of the bank’s prospects in Hong Kong, the political turmoil there has prompted the bank to take a prudent approach for its operations in the territory.

SINGAPORE (Nov 4): “Being obsessed with the movement of some money and people to Singapore — and ignoring the movement of people and money elsewhere to [the US], Canada, Australia, the UK, especially for their professional talents — just misses the

SINGAPORE (Oct 30): OCBC Investment Research believes Mapletree North Asia Commercial Trust (MNACT) will remain resilient, amid the ongoing political unrest in Hong Kong.

(Oct 29): The focus on Hong Kong people and money moving to Singapore misses the point -- there is an outflow of talent and funds from the city to centres all over the world, Ho Ching, head of the Singapore investment firm Temasek Holdings, said.

(Oct 25): More than four months of unrest in Hong Kong is proving to be a blessing for Singapore, a long-time rival to the title of Asia’s pre-eminent financial centre.

SINGAPORE (Oct 21): “Where there is a will, there is a #deal — we have one!” — Jean-Claude Juncker, president of the European Commission, following the European Union’s draft Brexit deal with the UK.