Singapore

URA opens bidding for Woodlands Avenue 12 site

The 3.2 ha industrial site at Woodlands Avenue 12 has been launched for public tender for minimum bid price of S$25 million.

URA opens bidding for Woodlands Avenue 12 site

The 3.2 ha industrial site at Woodlands Avenue 12 has been launched for public tender for minimum bid price of S$25 million.

Housing and Development Board issues new notes

A S$400 million, 5-year Fixed Rate Note is part of issuance under HDB's S$7bln MTN Programme.

SIMF launches S$100M media content production fund

Asian media companies need to get local businesses to help in projects to qualify.

Garmin-Asus releases latest all-in-one smart phone

M10 features smart navigation, smart phone, smart lifestyle that paves way to Smart3 era.

Singapore office market on the way to rebound

Rent-free incentives are still observed despite data showing increased business sentiment and more confidence in economy.

Property Week: Preview of W Residences by CDL

This weekend sees the launch of the Sentosa Cove Seascape, a preview of the W Residences by City Developments at $2500-$3000 per square foot and the Lviv in Newton.

Capitaland says analysts wrong on China bubble as it raises stakes to $20 billion

As the world worries about a bubble in China's property market, Capitaland will tell investors today that "China's case is different from other property bubbles," that there is no bubble in China, and that it has raised China assets from 28 % to 36 % of its book as it goes all in a massive $20 billion contrarian bet.

CapitaMalls Trust tenants slammed by the 2009 recession

The recession slammed sales of most categories of CapitaMall tenants, but you will never guess which had the worst sales slump.

Singapore Business Review seeks freelance writers

A leading business media publisher seeks Singapore-based journalists to work freelance hours on business stories.

Non executive directors under pressure on executive pay

Julia Smith, Singapore Practice Leader for Performance & Reward, Ernst & Young, shares the concerns in the boardroom on executive pay and the shifts in approach to Board governance.

Working parents hit by inflation with higher childcare costs

SingStat reveals higher fees at commercial institutions, playgroups and childcare centres were responsible for the increase of 2.2 percent in the education & stationery index.

MOM launches construction safety plan

To address the construction sector's loss of almost 260,000 man-days due to serious incidents in 2009, 10-year plan to improve safety has been finalised.

SMX to be launched in mid 2010

The Singapore Mercantile Exchange, the first Pan-Asian multi-product commodity derivatives exchange, will be launched in Singapore middle of this year.

Jobs Credit payment extension worth $460mln

Another $460 million will be received by more than 100,000 employers on 31 March 2010 as the first extended payment of the Jobs Credit.

Singapore plans to keep coastal engineers busy for the next 20 years

A waterfront city, a consolidated port and more land reclamation could keep Singapore's coastal engineers busy for the next twenty years.

Paula Eastwood: What a year we have had!

Globally we have seen financial institutions teetering on the brink of collapse, global brand names erased from the highstreet ….along with the highstreet themselves in many cases. We have seen many governments incur historically unheard of deficits, off the scale borrowing and decimating forests in their haste to print more money. As if the financial crisis wasn’t enough, we have also had to witness major natural disasters in the form of earthquakes in Haiti, floods and mud slides and some of the worst blizzards since records began sweeping across Europe and the US.As if that wasn't enough……along comes the movie 2012! You could be left wondering what the world is coming to!I don’t believe we are sufficiently experienced to answer that question today but we can consider the budget and whether Singapore truly is on the road to recovery. By all accounts, Singapore has weathered the storms well. Judging from the tenor of this year’s Budget speech, the general outlook is the storms have passed. The implementation of the Resilience Package helped kept confidence up and infused a much needed stability to businesses, labour and the economy.But is the worst really over?A significant amount of uncertainty hangs in the air judging by economic data coming out of the G3 countries. The Singapore Ministry of Trade and Industry has revised short term growth forecast from 3 to 5% to 4.5 to 6%. The thrust of Budget 2010 was clear in the need for Singapore to increase productivity and upgrade the quality and competitiveness of the small and medium enterprises.Is this achievable given Singapore inter-dependence on international trade?Many of the tax changes in the budget focused on this key productivity theme with tax concessions around R&D and incentives for spending in this area. Some of the things we have been asking for finally made an appearance in this budget showing the Government responds to feedback and initiatives. Sadly for some, this didn’t include any reduction in the personal tax rates or tax band. On the contrary, there appeared to be a concerted effort to subtly refocus the tax burden to those who can most afford it.So what are some of the specifics in this year’s budget, how will it benefit companies? Much of the budget detail is still to be revealed in the months ahead, and many of these will require further clarification. In the meantime, if you didn’t get anything on your wish list, you can at least drown your sorrows with the additional duty-free allowance for wine or beer from 1st April 2010!

BCA sets up $15 million sustainable construction fund

The Building and Construction Authority will set up a $15 million fund to build capabilities, enhance processes and test-bed new sustainable construction technologies.