Welcome!
Wuhan virus
Covid-19
Wuhan coronavirus outbreak could be final 'nail in the coffin' for Hong Kong's economy
Economists forecast expect a 3.9% contraction in the final three months of 2019 compared to a year earlier, the worst since early 2009.
February 03, 2020
Hong Kong protests
Hong Kong medical workers vote to strike as outbreak worsens
More than 9,000 members have pledged to take part, first in suspending non-emergency services offered by the city’s Hospital Authority before extending it to providing only limited emergency needs.
February 02, 2020
Covid-19
CNMC's production to be hit by travel ban on Hubei miners
SINGAPORE (Feb 1): Gold is an asset class traditionally seen by investors as a safe haven in times of uncertainty. In a twist of luck, CNMC Goldmine Holdings, which was enjoying steady earnings growth earlier in line with rising gold prices, has been hit
February 01, 2020
Tong's Portfolio
Malaysian stocks should do better in 2020
Towards the end of the month, markets were once again buffetted by bad news.
January 31, 2020
Global Economy
Tourism businesses worldwide brace for a hit worse than SARS
China’s increased affluence and consumption since SARS have made many international cities, luxury brands and retail industry groups more reliant than ever on Chinese travelers.
January 31, 2020
Covid-19
WHO declares global emergency as Wuhan coronavirus death toll tops 200
(Jan 31): The death toll in China from the new coronavirus reached 213 on Friday, with overall cases worldwide rising rapidly in an outbreak that the World Health Organization (WHO) declared a global health emergency.
January 31, 2020
Covid-19
ComfortDelGro suspends Nanjing driving centre amid Wuhan virus outbreak
The group also operates taxi services in eight Chinese cities – Beijing, Jilin, Shenyang, Chengdu, Shanghai, Suzhou, Nanjing and Nanning – with a fleet of 11,000.
January 30, 2020
REITs
ART divests Citadines Wuhan in Dec lowering China exposure, raises 2019 DPS by 6% y-o-y
By a stroke of good fortune, coincidence or foresight, Ascott Residence Trust (ART) signed an agreement to divest of Citadines Xinghai Suzhou and Citadines Zhuankou Wuhan at a price more than 30% above their combined property book values representing net
January 30, 2020
Covid-19
Wuhan Coronavirus vs SARS: Which is deadlier for GDP growth?
SINGAPORE (Jan 30): The Novel coronavirus is expected to infect more people than the SARS outbreak back in 2002-2003 (8,422), but the number of deaths will likely be lower than 774, according to Maybank Kim Eng.
January 30, 2020
Covid-19
Wuhan virus wreaks economic damage
The rug has been pulled from under the Shanghai Index uptrend.
January 30, 2020