"China remains a bright spark," Andrew Lim, group chief financial officer of CapitaLand Group, told CNBC'sHis comments were made following the company's announcement that profits for the first half of 2020 fell 89% to 96.6 million Singapore dollars , from 875.4 million Singapore dollars a year ago.
Earnings before interest and taxes also dropped 71% from 2019. Singapore and China remain the "key contributors to EBIT," accounting for 74.1% of earnings before interest and taxes. "If you look across our China businesses, you'll see very encouraging signs in our residential business, our retail operations and in the … appetite to look at acquiring and disposing of properties," he said.
China haters can't live with any good news out of China. 🙃
Lol China builds literal ghost cities. If the assumption is that they will continue to do that sure. If you think buildings built will have tenants. Not so much.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
As Trump bans WeChat, some in China turn to encrypted messaging app SignalPresident Trump's executive order banning American use of WeChat, the most popular app in China, takes effect next month, but some in China are already turning to an American app renowned for its privacy protections: Signal. Screw China! trump isn’t winning this game either. Lol. Do you think using Chinese apps poses a threat to your personal privacy?
Source: NBCNews - 🏆 10. / 86 Read more »
U.S. Intelligence: China Opposes Trump Reelection; Russia Works Against BidenA top U.S. intelligence official warns that China is trying to undermine President Trump's reelection bid while Russia is trying to denigrate Democrat Joe Biden. The only votes that foreigners influence are the silo-readers! Read widely and wisely! I'm rooting for China on this one. The whole world should want Biden to win. Trump is chaos, he’s a demogogue. VoteBidenToSaveAmerica
Source: NPR - 🏆 96. / 63 Read more »
Apple Faces $1.4 Billion Lawsuit in China in Siri Patent FightA Shanghai company has filed a patent-infringement lawsuit against Apple that, if successful, could prevent the American tech giant from selling many of its products in its most important market outside the U.S. Binod eye for eye In retaliation of banning Tik tok and weChat in US? CCP has banned almost all US social media and internet search apps.
Source: WSJ - 🏆 98. / 63 Read more »
U.S. health chief arrives in Taiwan on trip condemned by ChinaU.S. Secretary of Health and Human Services Alex Azar arrived in Taiwan on Sunday as the highest-level U.S. official to visit in four decades, a trip condemned by China which claims the island as its own, further irritating Sino-U.S. relations. All these years I thought it was Thighwon. 🤔 You mean Thighwan. Deliberately nipping at China's ankles.
Source: Reuters - 🏆 2. / 97 Read more »
China reports 23 new COVID-19 cases in mainland, vs 31 day earlierChina reported 23 new coronavirus cases in the mainland for Aug 8, down from 31 a day earlier, the country’s health authority said on Sunday. BaldingsWorld Reuters has become very good at issuing unexamined press releases.
Source: Reuters - 🏆 2. / 97 Read more »
WeChat U.S. ban cuts off users link to families in ChinaU.S. President Donald Trump’s ban on transactions using popular Chinese messaging app WeChat will cut ties to families and friends in China, millions of users in the United States fear, as they become the latest casualties in the standoff between the two nations. I defend the US on the ban, just bummed because all my Chinese friends and I are connected with Wechat.😢 Based. The US should disconnect from the Chinese internet entirely and seize all Chinese holdings of American companies. They want access to American markets? Play fair China. We’ve had enough of the games.
Source: Reuters - 🏆 2. / 97 Read more »