Press releases about business, cryptocurrency, fintech and more news in Hong Kong and Asia

Freehold residential site next to Bukit Batok Nature Park up for sale at $42m

SINGAPORE – A freehold residential site next to Bukit Batok Nature Park is up for sale through public tender at a guide price of $42 million. A single-storey car workshop with a three-storey annex building sits on the site. It is currently leased to Autobacs Singapore, a Japanese automotive retail and services company. The Straits Times understands that the […]

S’pore retail, office properties set to recover but residential demand will drop: Moody’s

SINGAPORE (THE BUSINESS TIMES) – The significant easing of Covid-19 restrictions in Singapore means commercial property owners will stand to benefit from a boost in earnings on the back of strong pent-up demand, according to Moody’s Investors Service. The credit rating company also believes improving demand and limited new supply of quality office space in […]

China considers $313 billion stimulus with unprecedented bond sales

BEIJING (BLOOMBERG) – China’s Ministry of Finance is considering allowing local governments to sell 1.5 trillion yuan (S$313 billion) of special bonds in the second half of this year, an unprecedented acceleration of infrastructure funding aimed at shoring up the country’s beleaguered economy. The bond sales would be brought forward from next year’s quota, according […]

Infinera and NEC to Modernize Neutral Networks’ Mexico to United States Fiber Optic Network with Industry-leading ICE6 800G Solution

San Jose, Calif., Mexico City and Tokyo, Jun 29, 2022 – (JCN Newswire via SEAPRWire.com) – Infinera (NASDAQ: INFN) and NEC Corporation (TSE: 6701) announced today that Neutral Networks deployed Infinera’s ICE6 technology for its new transnational neutral fiber optic network NEXT. The companies worked closely together to design the largest optical network modernization between […]