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SINGAPORE – Retail rentals have probably hit bottom and will start to rise again, with suburban areas poised to lead the market recovery. Mr Alan Cheong, Savills Singapore’s executive director, noted that past rental highs may not be sustainable as the retail landscape has changed since the pandemic and tourist arrivals have yet to return to pre-Covid-19 levels. source https://eastmud.com/latest-news/retail-rents-in-spore-expected-to-rise-with-suburban-malls-leading-the-way/

Home loan rates are rising, with three-year fixed rate packages offered by Singapore banks up by at least 1.6 percentage points from late last year’s 1.15 per cent per annum. As interest rates are likely to continue on their upward march, what can existing home owners and aspiring home buyers do? In this column, Mr Lim Beng Hua,  UOB’s head of secured loans, answers some of your key questions about rising mortgage rates. The 50-year-old expert has been in the financial sector for over 20 years.  Secured loans are those that are backed by collaterals, and include mortgages. Q:  I am buying a new property this year. What are some considerations I should keep in mind when looking for a home loan? A: For most of us, buying a home is the largest financial commitment we will make, so we need to research and plan for a property purchase accordingly. Carefully assess how much you can afford to pay in upfront fees – including the cash outlay, stamp duties and leg...

Members of the Winchester Fire Department walk inflatable boats across flood waters over a road in Jackson, Kentucky, to pick up people stranded by the floodwaters, July 28, 2022. (TIMOTHY D. EASLEY / AP) The death toll in eastern Kentucky rose to at least 16 on Friday as flooding unleashed by "epic" torrential rainfall swept through homes, washed out roads and pushed rivers over their banks, state authorities said, warning that more fatalities were expected. READ MORE:  Climate change is driving 2022 extreme heat and flooding Police and National Guard troops, including personnel from neighboring states, used helicopters and boats to rescue dozens of people from homes and vehicles in Kentucky's Appalachian coal-mining region. Video from local media showed floodwaters reaching the roofs of houses and turning roads into rivers. Hundreds of homes, their ballfields, their parks, businesses, under more water than I think any of us have ever seen in that area. Just devast...

Neighbors wait in line to collect water in plastic containers at a public collection point in Monterrey, Mexico on June 20, 2022. (PHOTO / AP) MONTERREY, Mexico – Mexico declared the water shortage in the northern state of Nuevo Leon a matter of "national security" on Friday as the region, home to Mexico's industrial capital, has been crippled by a worsening drought in recent months. In a declaration issued Friday afternoon, the federal government said available water should be prioritized for public use, and said existing federal water concessions to private companies could be modified or reduced. This AFP graphic dated July 22, 2022 shows the map of Mexico with drought intensity in May 2021, when more than 50 percent of the country was affected, according to the World Meteorological Organisation. Outrage has grown in recent months across the metropolitan area of Monterrey, home to some 5.3 million people, as authorities sharply limited water access to residents, e...

A health professional prepares a dose of a monkeypox vaccine at the Edison municipal vaccination centre in Paris on July 27, 2022. (ALAIN JOCARD / FILE / POOL VIA AP) SAO PAULO – Brazil on Friday reported the first monkeypox-related death outside the African continent in the current outbreak, shortly before Spain confirmed Europe's first known death in the outbreak later in the day. The Brazilian victim was a 41-year-old man who, according to the health ministry, also suffered from lymphoma and a weakened immune system. The Brazilian victim was a 41-year-old man who, according to the health ministry, also suffered from lymphoma and a weakened immune system "The comorbidities aggravated his condition," the ministry said, adding the patient was hospitalized in the southeastern city of Belo Horizonte and died from septic shock after being taken to the intensive care unit. The first monkeypox death in the Americas came less than a week after the World Health Organizat...

In this photo provided by the Tunisian Presidency, Tunisian President Kais Saied casts his vote on a new constitution at a polling station in Tunis, Tunisia, Monday, July 25, 2022. (SLIM ABID / TUNISIAN PRESIDENCY VIA AP) Tunisia's foreign ministry said on Friday it summoned an official from the US embassy after Secretary of State Antony Blinken raised concerns about Tunisia's democracy. Secretary of State Antony Blinken expressed concerns about Tunisia's democracy on Thursday after President Kais Saied introduced a new constitution giving himself far more powers, but the broad reaction among Western democracies was muted Tunisia's Foreign Minister Othman Jerandi told US acting chargé d'affaires Natasha Franceschi that the statement represented an unacceptable "interference in the national internal affairs", the ministry said in a statement. ALSO READ:  New Tunisia constitution passed in vote with low turnout Blinken expressed concerns about Tunisi...

Pope Francis recites the Angelus noon prayer from the window of his studio overlooking St. Peter's Square, at the Vatican on July 3, 2022. (ANDREW MEDICHINI / AP PHOTO) ABOARD THE PAPAL PLANE – Pope Francis said on Saturday that his advancing age and his difficulty walking have ushered in a new, slower phase of his papacy and repeated that he would be ready to resign one day if serious health problems prohibited him from running the Church. For the past few months Pope Francis, 85, has been using a wheelchair, a cane or a walker because of knee pain caused by a fracture and inflamed ligament "I don't think I can continue doing trips with the same rhythm as before," he said in answers to reporters' questions aboard the plane returning to Rome from a week-long trip in Canada. For the past few months Francis, 85, has been using a wheelchair, a cane or a walker because of knee pain caused by a fracture and inflamed ligament. He walked with a cane to the rear c...

喬治亞洲卡爾霍恩, July 31, 2022 (GLOBE NEWSWIRE via SEAPRWire.com) —  Mohawk Industries, Inc. (NYSE: MHK) 今天宣佈 2022 年第二季度的淨收益為 2.8 億美元，攤薄後每股盈利 (EPS）為 4.40 美元。調整後淨盈利為 2.81 億美元，每股盈利為 4.41 美元，不包括調整、收購及其他費用。2020 年第二季度的淨銷售額為 32 億美元，按報告季度上升 6.7 %，而按固定貨幣和天數計算為 11.1%。2021 年第二季度淨銷售額為 30 億美元，淨收益為 3.36 億美元，每股盈利為 4.82 美元。調整後的淨盈利為 3.10 億美元，每股盈利為 4.45 美元，不包括調整、收購和其他費用。 在截至 2022 年 7 月 2 日的六個月中，淨收益及每股收益分別為 5.26 億美元及 8.17 美元。調整後淨收益為 5.27 億美元，每股收益為 8.18 美元，不包括調整、收購及其他費用。在 2022 年的六個月期間，淨銷售額為 62 億美元，比去年報告增加 9.7%，或按固定貨幣和天數計算增長為 14.0%。在截至 2021 年 7 月 3 日的六個月期間，淨銷售額為 56 億美元，淨收益為 5.73 億美元，每股盈利為 8.18 美元；不包括調整、收購、其他費用和利益的淨收益和每股盈利分別為 5.56 億美元和 7.94 美元。 主席兼行政總裁 Jeffrey S. Lorberbaum 在評論 Mohawk Industries 的第二季度業績時表示：「在本季度，我們所有部門的銷售都有所增長，而我們的首要成果受益於價格上漲、產品組合增強、營商狀況改善和小型收購的貢獻。隨著本季度發展，全球經濟環境變得越來越具挑戰性，我們的組織採取了其他措施以支持我們的業績。我們本季度的營業收入符合我們的預期，即使由於材料、能源和運輸通貨膨脹仍然是一個重大的不利因素，我們的轉換業績也受到美元轉強的影響。 在過去 18 個月，我們所有業務都經歷不尋常的通貨膨脹，而我們已多次提高價格，以克服成本上漲。我們還採取了多項營運行動，包括成本控制、生產力改進、組合和物流強化。在我們所有市場，通貨膨脹導致消費者可支配支出的變化。隨著按揭利率上升得更快，美國房屋銷售的影響比我們其他市...