by Tan Shih Ming
SINGAPORE, Feb. 2 (Xinhua) -- Singapore shares closed 0.76 percent lower on Thursday, after the U.S. Federal Reserve gave no hint of accelerating rate hikes
while it held interest rates steady in its first meeting since Donald Trump took
office.
On Wednesday the Federal Reserve painted a relatively upbeat picture of the U.S. economy, but U.S. stock prices were mixed as the effect of strong earnings
from Apple was offset by worries that Trump's tough stance on trade and
immigration.
Singapore's benchmark Straits Times Index fell 23.41 points to 3,044.08 points. Trading volume was 2.53 billion shares worth 1.11 billion Singapore
dollars. Decliners outnumbered advancers 220 to 198, while 666 stocks did not
move.
Global Logistic Properties rose 0.4 percent to 2.59 Singapore dollars. It announced it acquired 42,000 square meters of distribution facilities in Chicago
for 33 million U.S. dollars. The facilities are multi-tenant assets, and are
fully leased to new and existing customers.
Moya Holdings Asia rose 3.2 percent to 6.4 Singapore cents. In response to the Singapore Exchange's query over substantial increase in the company's
trading volume and share price on Tuesday, it stated it is considering a
potential acquisition of a company in similar business. However, there is no
assurance that any definitive or binding agreement will be reached or that any
transaction will materialize.
Among the top gainers, Great Eastern Holdings rose 0.4 percent to 20.96 Singapore dollars, whereas Jardine Matheson became one of the top losers by
falling 0.5 percent to 62.34 U.S. dollars. (1 U.S. dollar equals to 1.41
Singapore dollars)
BEIJING air max 2017 goedkoop nederland , Oct. 23 (Xinhua) -- Like thousands of businessmen in Dahongmen, one of the major
wholesale markets in Beijing, 45-year-old Shi Ankai has a tough decision to
make: where to go next.
Shi's clothing wholesale chain, which he established eight years ago, needs relocation, according to an integration plan for Beijing and neighboring Hebei
Province and Tianjin Municipality.
Shi has rented a shop in Baigou of Baoding City, Hebei Province, about a two-hour drive from Beijing air max 2017 goedkoop kopen , but he is not sure whether he will move all his business there.
"I have spent the last few months visiting different sites in different cities, which are offering different incentives, but none of them seem charming
enough," he said.
Shi's indecision is shared by many wholesalers facing relocation. Beijing ordered markets to move to neighboring cities last year as part of an
integration plan aimed at easing congestion and addressing other urban ills.
Since then, competition has flared among neighboring cities including
Shijiazhuang, Langfang, Baoding and Tianjin, each dangling its own incentives to
lure businesses. However air max 2017 goedkoop , the road out of Beijing has been bumpy for many.
A SLOW PROCESS
Dahongmen, translated as "big red gate," takes its name from the northern entrance of a royal garden established by a Chinese emperor about 600 years ago.
Over the last two decades, Dahongmen developed into a large market with vendors
selling clothing and a wide range of household items.
Before relocation kicked off last year, Dahongmen had 25,000 shops in 45 smaller markets or sections, which traded in clothing, fur Dames Nike Air Max 95 Wit Goedkoop , hats, shoes, construction materials and textiles, among others. There were 57,000 vendors and it attracted a total
migrant workforce of 300,000 every year.
Under the integration plan, most of the markets will be relocated and renovated.
Lu Dawen, director of the market's relocation project Heren Nike Air Max 95 Zwart Wit Kopen Sale , said only 10 sections will stay, and they will be focused on retailers and branded shops.
Since last year, nine small markets with lower trade volume have closed, affecting 12,880 workers and vendors. Last month, two shoe markets were shut
down.
However, many say relocating the remaining markets will be a lot harder, as many of the businesses have strong ties to the area.
Lu said the relocation will be finished by 2018. While the deadline approaches Heren Nike Air Max 95 Zwart Kopen , tenants say the lack of a timetable and step-by-step procedures has troubled many.
"I still haven't decided yet. I'll look around and see how things are heading," said Shi Ankai.
Jin Guijie, 50, is still busy overseeing his garment sales at the Dongpi market, the Chinese abbreviation for the Beijing Zoo Wholesale Market in
downtown Beijing.
Though business is still bustling for now, he worries about the future. "My contract with the market expires next February. Although we have not received
notice of moving, we are worried it may come eventually. I will run a fire sale
on the inventory starting this month," he said.
"What if I put my money in Hebei and no customers come? The old market is already struggling under the economy Koop Dames Nike Air Max 2017 Roze Oranje , let alone new ones," he said.
WHAT BEIJING HAS AND THEY DON'T
In Beijing, it is common to see young retailers carrying big black plastic bags filled with shirts, coats and pants purchased at Dongpi or Dahongmen.
Few doubt the purchasing power of the Chinese capital's population, with total permanent residents numbering 21 million. Beijing's average disposable
income per person was 43,910 yuan (6,960 U.S. dollars) in 2014, while Hebei's
was about half the amount Korting Heren Nike Air Max 2017 Leer Wit Zwart , at 24,220 yuan.
The easy and direct access to the market, convenient transportation, a trained workforce, favorable support facilities and infrastructure give Beijing
a lasting allure for vendors.
Nearby cities, which are vying for their business, have offered various incentives, including free rent Dames Nike Air Max 2017 Wit Oranje Zwart Goedkoop , tax cuts and favorable medical, housing and education policies. But unless tenants are
guaranteed success, the grass in Beijing looks greener, and many business owners
are cautious about rushing to any decision.
According to a poll of 10,000 vendors at Dahongmen, 65 percent said they do not want t. Cheap Wholesale Jerseys Cheap Wholesale College Jerseys Cheap Wholesale NHL Jerseys Cheap Soccer Jerseys Wholesale Cheap Replica NHL Jerseys Cheap Nike NFL Jerseys Cheap Replica Soccer Jerseys Cheap NCAA Jerseys Cheap NHL Hockey Jerseys Cheap Replica NFL Jerseys
