Singapore takes bold steps to cool speculation in property market

Article Abstract:

The Singaporean government has formulated several measures aimed at curbing speculation in the country's real estate market. The measures include a ban on Singapore dollar borrowing for foreigners purchasing residential property, tighter credit requirements for mortgages and new taxes to discourage selling of residential property within three years of purchase. Singaporean Deputy Prime Minister Lee Hsien Loong stressed that the new measures are not intended to curtail the real estate industry but, rather, to control unwarranted speculation which has boosted property prices four-fold since 1990.

Real Estate, Real Estate and Rental and Leasing, Singapore, Real estate industry

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Skeptics still wary as Creative Technology regains favor

Article Abstract:

Creative Technology is bouncing back to profitability following the boom in US high tech stocks. The soundcard maker posted a $14.6 million net profit in the quarter ended Sept. 30, 1996, after losing as much as $37.6 mil in the year ended June 30, 1996. Analysts, however, are concerned over Creative's threatened position in the high tech market. New technologies, such as the recently launched Pentium MMX microprocessor from Intel, make competition stiffer. Creative's sole product, the Sound Blaster cards, help produce spectacular sounds from PCs.

Household audio and video equipment, Audio and Video Equipment Manufacturing, Computer peripheral equipment, not elsewhere classified, Other Computer Peripheral Equipment Manufacturing, Output Devices NEC, Audio Devices NEC, High technology industry, Finance, Computer peripherals industry, Printers (Equipment), Audio equipment, Creative Technology Corp. (Arlington Heights, Illinois)

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Boat trip into Laos offers glimpse of traditional life

Article Abstract:

Laos' tourist authorities have authorized unrestricted individual travel through all the country's provinces and has eliminated a requirement that travelers purchase a tour package to acquire a visa. The moves have resulted in a surge of tourists wanting to see the country before modernization spoils its character. Laos remains less traveled compared to neighbors such as Cambodia or Burma, a status that may not last long.

Travel, Description and travel, Laos

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