In Focus
SMRT to invest S$300mln for fleet expansion in 2012
SMRT to invest S$300mln for fleet expansion in 2012
The acquisition of 17 new trains is part of the huge capex the transportation services company will undertake next year.
83% of services sector firms see a ho-hum 2011 ahead
The 17% who view a favorable second quarter is smaller than the net weighted balance of 36% registered in the same period of the previous year.
Declare before drinking: Customs issue reminder on taxable goods
Customs officials remind Singaporeans and travelers returning from their overseas breaks to declare taxable products such as liquor at the airport or pay a $300 fine for the bottle.
Malaysian telcos one-up SG firms in rates cut deal
The reduction in roaming rates would slice off Singapore mobile revenue by 1-2% compared to an estimated 0.5%-0.9% for Malaysian telcos, DMG Research said.
March inflation forecast at 5.1%
Inflation for the first half of 2011 is expected to remain elevated at 4.7 per cent, said DMG.
Singapore Stock Market to trade range this week
EXCLUSIVE: The market will more likely to trade range this week as US strong economic performance may not be able to offset lingering concerns over China’s another round of policy tightening, according to experts.
Record $1.7bn Pine Grove en-bloc asking price has market stunned
Kim Eng Property analyst Ooi Yi Tung has put out some interesting research on the two mega en-blocs working their way through the Singapore property market right now. At the top of the list is the $1.7b the owners of Pine Grove are asking for, which, if successful, would mean developers may need to market the new peoperties at close to $1,900 psf.
URA launches iPhone/iPad application for property market information
"Property Market Information, Singapore" aims to enhance the transparency of the property market, said URA.
Singapore Mercantile Exchange to launch cash-settled gold, silver, copper futures contracts
This will be in contract sizes of 100 troy ounces for gold, 5,000 troy ounces for silver and 5 metric tons for copper.
MPA to invest $100mn in Maritime Singapore Green Initiative
The Maritime Singapore Green Initiative seeks to further reduce the environmental impact of shipping and related activities to promote clean and green shipping.
Singapore charter market to grow five-fold in the next 5 years
South-East Asia's charter market is estimated to be worth around $10-$15 million at the present juncture, with Singapore accounting for about a third of the market.
Singapore Business Review named 'Local Business Magazine of the Year' by Marketing Magazine
According to a survey conducted for Marketing Magazine, "The Singapore Business Review has good standing with advertisers looking to reach corporate IT managers, CFOs and accountants and CEOs and managing directors. It also has influence with advertisers looking to reach middle, high and top income earners."
Financial services to provide more career opportunities in 2011
Commerce and industry also sees strong recruitment activity this year.
Household electricity rates to shoot up 6.1%
Homeowners would have to pay 1.48 cents (S$0.0148) per kWh to 25.58 cents (S$0.2558) per kWh from 1 April to 30 June.
Global crises slows down Singapore economy
The economy is expected to grow a mere 6 percent in 1Q11 as a result of the political unrest in the Middle East and the twin disasters in Japan.
Singapore topped global economic ranking:OCBC
A fiscally strong country, Singapore passed with flying colors all the indicators of a healthy economy.
Commentary
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ASEAN's unity is being tested in the age of economic warfare