ECONOMY | Staff Reporter, Singapore

Daily Briefing: Sentosa properties' rocky prices find stability; GST on shopping abroad

And here's how Noble will transform after the restructuring deal.

From The Motley Fool:

On Monday evening, embattled commodities trader Noble Group Limited (SGX: CGP) released the details of its debt-restructuring plan. This comes after the company had spent the past few years struggling with a crushing debt-load, and accusations about improper-accounting from research outfit Iceberg Research.

The debt-restructuring plan is complex, so I want to touch on one crucial and salient point about it that I think investors should know: What would current shareholders of Noble get if the plan goes through (the plan is subject to approvals from regulators, Noble’s shareholders, and owners of US$400m worth of the company’s perpetual securities)?

Read more here.

From MoneySmart:

When Singaporeans go on overseas holidays, shopping is a mandatory activity. People are willing to travel hours to get to factory outlets in Europe and the US, and Singaporeans are experts at bargaining at markets in Thailand.

Best of all, you can find something that costs less than it does in Singapore almost anywhere in the world, whether they be Louis Vuitton bags in Paris, Innisfree face masks in Seoul or fast fashion in Bangkok.

Read more here.

From Reuters:

Measuring just 5 square kilometers (less than 2 square miles), Sentosa is a niche market. Offering a resort lifestyle just a bridge away from the city, Sentosa is the only place in Singapore that foreigners can buy landed property.

Once a Malay graveyard and a British military base in the colonial period, Sentosa was developed as a tourist attraction in the 1970s, when it was enlarged through land reclamation to merge with two neighboring islets.

Read more here.

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