MARKETS & INVESTING | Staff Reporter, Singapore

Daily Briefing: Noble default risk rises most in Asia; Rangoon road properties for sale

And here are preparation tips for CNY.

Singapore-listed commodity trader Noble Group Ltd.’s default risk rose the most in Asia this year as a deepening resources slump threatens to worsen the imbalance between the company’s cash flows and liabilities. The cost to protect the company’s notes against non-payment for one year is 2,593 basis points, the highest in Asia, according to data provider CMA. Read more here.

A row of adjoining properties located along Rangoon Road have been launched for sale by tender, revealed marketing agent Knight Frank Singapore. The 6,879 sq ft site comprises a four-storey mixed-use building and a two-storey shophouse. Under the Master Plan 2014, the entire site is zoned residential with commercial at 1st storey at a gross plot ratio of 3.0. Find out more here.

It is that time of the year again where Singapore's literally painted red alongside kitschy Chinese New Year music that wafts non-stop in the air. But of course, who can forget the maddening crowd that we have to deal with while we’re out and about stocking up on Chinese New Year goodies in supermarkets and practically everywhere else in Singapore at this time of the year? Read more here.

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