"There is a scarcity of large modern office space," Bloomberg Intelligence senior analyst Sue Munden said."This may be encouraging large occupiers to secure space now, despite the uncertainties around remote working."That is because developers were already taking a cautious approach to new speculative projects in the past four years due to Brexit uncertainty.
The number of new office developments starting in the city of London fell almost 60 per cent in the six months till September, Deloitte Real Estate data showed. There are also growing signs that investors have noticed. KKR & Co has bought a stake in London office developer Great Portland Estates, while Brookfield Asset Management has built up its stake in British Land Co this year to become its largest shareholder, Bloomberg data showed.
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Japan not joining US plan to exclude Chinese firms from telecoms networksTOKYO (REUTERS) - Japan informed the United States that Tokyo, at the moment, won't participate in Washington's plan to exclude Chinese firms from telecommunications networks, the Yomiuri newspaper reported on Friday (Oct 16), citing several sources.. Read more at straitstimes.com. It has its own plan Why listen to a declining power without technology innovation to offer
Source: The Straits Times - 🏆 8. / 63 Read more »
Heng: Firms whose failure hurts national interest may get supportTHE Singapore government may step in to support firms in cases where their potential failure due to the Covid-19 crisis could adversely affect Singapore's national interest, Deputy Prime Minister Heng Swee Keat said on Thursday evening. Read more at The Business Times.
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Thai state of emergency: analysts, firms remain bullishIT'S still mostly business as usual for Singapore companies in Thailand, despite tightening emergency regulations amid mass demonstrations. Read more at The Business Times.
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Tripartite partners update retrenchment guidelines for firms, including longer notice periodsSINGAPORE — Clearer guidelines on how companies can carry out responsible retrenchment exercises have been spelt out in an updated advisory issued by the tripartite partners — the Manpower Ministry, the National Trades Union Congress (NTUC) and the Singapore National Employers Federation — on Saturday (Oct 17).
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REC marketplaces good for local firms, but face regional competitionTHE recent launches of renewable-energy certificate (REC) marketplaces in Singapore indicate a growing appetite for these tradable certificates, industry observers told The Business Times. Read more at The Business Times.
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