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Yuan hub takes off but not all jumping inIF it's a race, Singapore is off to a promising start as a major offshore yuan hub after it got its own clearing facility some three months ago.迷你倉新蒲崗 Every day, corporates are switching over to renminbi payments or making enquiries about doing so, bankers say.Property market set for 2016 supply avalancheWITH previously locked-up homes getting ready to hit the market, it is timely to relook the sellers stamp duty, to prevent a head-on collision with the record number of private homes that are expected to make it to the market in 2016, say market observers. According to data provided by Orange Tee, a total of 33,555 units are expected to make it to the market in 2016, compared with the 15,503 units that are available this year.Services prop up GDP amid trade slumpSINGAPORE on Monday cut its 2013 trade forecasts, a weekend after raising its full-year GDP growth projection. Non-oil domestic exports are now expected to grow no more than one per cent for the year, though the Ministry of Trade and Industry expects Singapore's growth outlook to "improve slightly" in the second half.Yield-seekers take offshore hospitality routeAS the Singapore real estate investment scene gets more challenging, potential investors here are eyeing offshore sale-and-leaseback properties in the hospitality sector. In recent months, many yield-hungry investors have turned to these investments, which typically guarantee returns of around 6 per cent a year for up to a decade or so.Car leasing lures locals and goes mainstreamMORE and more distributors are offering car leasing to Singaporeans, who seem to be warming to it as an alternative to hire-purchase as vehicle financing rules begin to bite. Leasing has been a popular option among expatriate and corporate customers, with manufacturer-backed deals already available from luxury makes such as BMW, Mercedes-Benz and Porsche.Trading losses by teenager spark negligence suitNEGLIGENCE suits taken out by private banking clients are hardly unusual these days; but a case being heard before the High Court comes with a couple of twists. At the heart of the matter are losses of $2.6 mil迷你倉出租ion suffered by a father and son on account of trades entered into by the son - who had not turned 21 then.Former Malaysian Airline CEO: carrier should be soldA FORMER chief executive of Malaysian Airline System has suggested that the ailing carrier be sold although he stipulated that the sale should not be at a loss to the government. Idris Jala, now a minister in the Prime Minister's Department, made the suggestion at a Securities Commission workshop.Battered AUD sits heavy on SingTel's plateA STRONG showing from SingTel's associates boosted the telco's first-quarter profit, but the outlook for the rest of its financial year was brought Down Under by the emaciated Australian dollar. On Wednesday, SingTel was compelled to cut forecasts for revenue and earnings, with both metrics headed for a decline.Bosses may face legal liability for financial statementsCHIEF executive officers and chief financial officers in Singapore may soon be legally liable for their certifications that their companies' financial statements are true and fair. This possibility was touched upon by Minister of State for Finance and Transport Josephine Teo at the Public Accountants Conference on Wednesday.Merkel approaches poll on rocky eurozone boatTHE eurozone has climbed out of its recession and German Chancellor Angela Merkel has received an economic growth boost as her election campaign takes off. But since Germany is virtually carrying the eurozone - and Italy, Spain and Greece are still contracting - debates over southern European bailouts will be heated.Increased interest in ECs as private home sales nosediveEVEN as sales of private homes plunged last month, on the back of limited launches and the introduction of the Total Debt Servicing Ratio, there has been a noticeable shift in interest towards executive condominiums. Although no new EC projects were launched last month, 112 ECs were sold, out of the 593 units moved.Singapore link surfaces in Indonesian bribery caseTHE website of low-key oil trader Kernel Oil bore an "under maintenance" sign on Thursday morning, following reports in Jakarta that an executive from its Indonesian office had been arrested.儲存倉