Wednesday , 17 December 2025

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Hong Kong’s biggest developer sees 57% profit rise

  Bloomberg Sun Hung Kai Properties Ltd., Hong Kong’s largest developer by market value, said half-year underlying earnings rose 57 percent, as sales benefited from a surging home market. Profit excluding property revaluations climbed to HK$14.6 billion ($1.9 billion) in the six months ended December 31, compared with HK$9.3 billion a year earlier, the firm said in a statement to …

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Singapore’s GLP shortlists at least 3 bidder groups

  Bloomberg Global Logistic Properties Ltd. has shortlisted at least three groups in the bidding for the Singapore-based warehouse operator, people with knowledge of the matter said. GLP invited a management-backed consortium that includes Chinese investment firms Hillhouse Capital Management and Hopu Investment Management to study detailed information on the business, the people said, asking not to be identified as …

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Japan’s industrial output falls for first time in 6 months

  Bloomberg Japan’s industrial production fell for the first time in six months in January, raising questions about the sustainability of Japan’s export-driven growth in the second half of 2016. Retail sales rose. Industrial production fell 0.8 percent in January from a month earlier (forecast +0.4 percent). Output is forecast to rise 3.5 percent in February and drop 5 percent …

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