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Taiwan holds tour of ‘disputed island’ in bid to boost claim

Naypyidaw / AFP Taiwan on Wednesday gave its first ever international press tour of a disputed island in the South China Sea to boost its claim, less than two months after a visit by its leader sparked protests from rival claimants. Taiping is the largest island in the Spratlys chain and is administered by Taiwan, which sees it as part ...

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S Korea, USA allies face miserable end: N Korea

Seoul / AFP North Korea threatened a “miserable end” for South Korea’s president and her American allies on Wednesday, in its latest colourfully worded attack. Pyongyang declared it would wage a “retaliatory battle of justice” against Park Geun-hye, with its artillery units standing ready to turn her office into a “sea of flames and ashes”. “What the DPRK warns is ...

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Bigger is better for Singapore REITs facing consolidation

Bloomberg Singapore’s real estate investment trust market is set to consolidate as smaller vehicles merge to cope with rising regulatory costs, according to Cambridge Industrial Trust. “The wave of consolidation for Singapore REITs is about to begin,” Philip Levinson, chief executive officer at Singapore-listed Cambridge Industrial, said. The trust has a market capitalization of S$730.5 million ($536 million) and focuses ...

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