News

Watch out for Downtown Core malls.

Labour crunch still a key hurdle.

Expect changes in the second half.

After a dire showing in export performance.

Can it maintain its upward momentum?

KepCorp now owns 90.9% of KepLand.

It’s a hallmark in history. Lee Kuan Yew’s hard work and legacy for Singapore will continue to be a source of inspiration to many.According to a report by Macquarie Securities, in 1960, the first full year that LKY was Singapore’s prime minister, the city-state’s per capita GDP was US$428. By the time he left the PM’s office in late-November 1990, the island republic’s per capita GDP had increased almost 30-fold (29.8-fold to be more precise) in 30 years – to US$12,766. It was one of the most remarkable transformations -- and among the outstanding achievements -- in modern economic history. LKY stayed in government as Senior Minister and Minister Mentor for a further 20.5 years (until May 2011); during those two decades, Singapore’s per capita GDP increased another 4-fold to US$53,177 (in 2011) – for a spectacular 124-fold increase over 51 years. As the visionary founding leader of Singapore, LKY was instrumental in that transformation.

And orchid named after LKY.

But a pullback is expected today.

Thanks to a narrowing price gap.

Interbank rates have risen by 60bps.

Private expenditure might take a hit.

Australia, Europe and Japan are key investment markets.

Singaporeans are more upbeat about personal finances.

To refinance existing loans.

An ageing population could undermine growth.