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Greek bailout at stake as PM faces party revolt

ATHENS: Political turmoil is threatening to further complicate Greece's already convoluted debt crisis, sending financial markets into a tizzy over the likelihood of a disastrous, disorderly outcome.

 

CBD carpark crunch looms

DRIVERS are scrambling to lock in alternative parking spaces in the Central Business District (CBD) as demolition day looms for the landmark Market Street Carpark.

 

Malaysian fund to buy 20% stake in GuocoLand project

MALAYSIA'S largest pension fund will buy a 20 per cent stake in the sky-high residential and commercial project being built in Tanjong Pagar.

 

Cautious bids for site at Flora Drive

A GOVERNMENT land site for a condominium at Flora Drive has drawn four bids in a public tender - all of which were below market expectations.

 

Korea's biggest retailer to sell bonds worth $1b

SEOUL: South Korea's biggest retailer Lotte Shopping said yesterday it would sell 979 billion won (S$1.1 billion) in convertible bonds to partly finance its foreign investment.

 

Prada narrows IPO range; Samsonite drops in debut

HONG KONG: Prada cut the maximum amount it is seeking in an initial public offering (IPO), as Samsonite International dropped in its Hong Kong trading debut on concern China's monetary tightening might dampen economic growth.

 

Ex-Hong Kong chamber chief jailed for scam

HONG KONG: A Hong Kong court jailed one of the city's highest-profile businessman for 31/2 years on Wednesday after she engineered a HK$3.7million (S$586,000) stock scam, a court official said.

 

SMRT chief executive earned $1.85m last year

SMRT Corp president and chief executive Saw Phaik Hwa was paid $1.85 million in cash and shares for the year ended March 31, up about 11 per cent on the previous year.

 

CapitaLand sells stake in Macau project

PROPERTY giant CapitaLand is bailing out of a troubled Macau casino resort project that was threatening to embroil it in a legal battle.

 

STI slumps in biggest fall in 3 weeks

THERE was nowhere to hide yesterday as the market saw its sharpest fall in over three weeks with bad news seemingly coming in from all directions.

 

Company Briefs

CAPITACOMMERCIAL Trust Management and CapitaMall Trust Management announced yesterday that their special purpose vehicle, Silver Oak, has issued US$645 million (S$796 million) of floating rate notes due in 2018

 

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