News

As 33% of Singaporeans will most likely travel to the country in the next two years.

This is a good sign for the future of Singapore, where SMEs contribute more than 50% of GDP.

The country also clinched third place in global IT competitiveness.

Analyst pointed out that it took the North East Line three years before becoming profitable.

The airline’s progress in Indonesia is viewed positively but described as “just the start of an uphill battle”.

With the consensus forecast at 11.2%, the 21.7% expansion was a welcome surprise.

Time to get a real life as study reveals that Singaporeans spend the longest time on Facebook worldwide, averaging 38 minutes and 46 seconds per session.

Demand for first-storey prime space remains strong due to limited supply as the next retail project will only be completed in Q4 2012.

Singapore employers are also following suit, as half of them plan to recruit from abroad amid the skills shortage.

Grade A office rents crept up a mere 2% to S$9.08 psf/month, the lowest quarterly growth since 2Q 2010.

Occupational diseases also increased from 124 in 2010 to 361 in 2011.

Shoebox units have become increasingly popular among local property buyers, accounting for 7% of the total transaction volume for condos this past year.

Biomedical manufacturing expanded the most at 145.8%, buoyed by the strong growth in pharmaceuticals.

Value of transactions increased 33.3% to US$35.2 billion thus far.

But inbound M&A volume was down 35.3% to S$5.1 billion.

With growing job losses in major cities, warning bells of more cuts ring.