Aug
30

Southeast Asia – Singapore ramps up measures to cool property market

Singapore ramps up measures to cool property market
Singapore on Monday announced fresh anti-speculation measures to cool its private property market as the city-state’s double-digit economic growth keeps upward pressure on demand.

Indonesian volcano erupts again, many evacuated
Source: Reuters * Volcano erupts again on Monday * About 21,000 people evacuated * Disaster agency setting up emergency posts, refugee camps (Adds quotes from resident, presidential spokesman) By Tarmizy Harva …

Bout asks Thailand to block his extradition to U.S.
Suspected Russian arms smuggler Viktor Bout appealed to Thailand’s government on Monday to block his extradition to the United States, arguing that neither a fair trial nor his safety could be guaranteed there.

Singapore Aims to Raise Penalties for Telcos
Singapore’s Ministry of Information, Communications and the Arts (MICA) has proposed changes to a law governing telecommunications operators that would raise penalties for companies that violate conditions of their licenses.

Indonesian volcano erupts again, spewing hot ash
An Indonesian volcano dormant for four centuries erupted for the second straight day Monday, shooting clouds of hot ash more than a mile into the air and forcing 30,000 people to flee.

Chinese warships dock in Myanmar: state media
Two Chinese warships have made a rare visit to Myanmar to spend several days promoting ties between the two allied countries’ armed forces, Chinese state media said Monday.

Singapore Tightens Mortgages to Cool Property Market
Singapore increased down payments for second mortgages and imposed a stamp duty on property held for less than three years to curb speculation after home prices surged 38 percent in the second quarter.

Philippines allows HK police to probe hijack killings
The Philippines on Monday allowed Hong Kong police to examine a bus where eight Hong Kong tourists died in a hostage siege, but told them they could not interfere in an investigation into the tragedy.

Myanmar parties complain election fee too high
Political parties challenging Myanmar’s ruling junta in the country’s first election in two decades said they can’t afford to compete in every constituency because of the exorbitant fees charged to register candidates.

Singapore Seeks To Cool Record Property Prices
Singapore seeks to cool record property prices

Thousands flee Indonesian volcano
An Indonesian volcano spewed a vast cloud of smoke and ash high into the air on Monday, disrupting flights and sending thousands more people into temporary shelters.

Indonesian volcano erupts
An Indonesian volcano, inactive for four centuries, has erupted, pitching ash two km (1.5 miles) into the air and forcing residents from their homes.

Chinese warships dock in Myanmar
Two Chinese warships have made a rare visit to military-ruled Myanmar to spend several days promoting ties between the allied countries’ armed forces, Chinese state media said Monday.