Singapore companies buying up bargain distressed assets

The China Post, 28 Dec 2010SINGAPORE -- Singaporean companies have been picking up distressed assets, such as property in the United States and Indonesia, in the aftermath of the global financial crisis.However, prices for these fire-sale assets are rising, and bargains are now thin on the ground as the economy recovers. One factor is a recent move by the U.S. central bank to pump hundreds of