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‘Surging Singapore land bids are unsustainable’

Singapore construction

Bloomberg Surging bids for Singapore land aren’t sustainable in a market constrained by demographics and the government’s cooling measures, according to the head of a developers’ association. “It is not sustainable to continue at this rate,” Augustine Tan, president of the Real Estate Developers’ Association of Singapore, said on Wednesday. “With property measures in place, slow growth in Singapore’s population ...

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Ambani’s abated phone-tower sales grinds on

Reliance anil dhirubhai ambani group annual meeting in mumbai

Bloomberg Billionaire Anil Ambani’s battle to chip away at the $7 billion his telecom company owes its debtors seems to get harder with each passing day. The failure of a plan to merge with rival Aircel Ltd. to gain scale and pare borrowings has sent Reliance Communications Ltd. back to the drawing board to stitch together alternate deals to sell ...

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India seeks to rework more LNG contracts

Bloomberg India is pushing to renegotiate more liquefied natural gas deals after its success in reaching agreements with some of the world’s largest energy suppliers. GAIL India Ltd., the nation’s biggest gas utility, is working towards renegotiating two more long-term deals, according to the company’s chairman. Those would follow new deals with Qatar’s RasGas Co. in 2015 and Exxon Mobil ...

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