News

At your service: Government allots $84m to boost service excellence

At your service: Government allots $84m to boost service excellence

This is after 7,800 establishments and 183,000 workers were said to have benefited from Customer-Centric Initiative projects.

Pay up or walk

Public transport operators have applied to increase bus and train fares due to rising costs.

Price pressure: Core prices may continue to rise as Asian exports plunge in June

Asia is gradually running out of excess capacity to meet rampant local demand.

Fat Singaporeans take toilet seats, fish maw and fried pork on business trips

But a survey by Regus noted that despite rising obesity in Singapore, 39% of Singapore business travellers take work out clothes on their business trips.

Manufacturing slump cuts GDP growth to just 1.7%

Manufacturing fell 13.5% in signs the economy is softening.

Aussie Tiger Airway’s hearing set for July 22

DMG says the airline has to return over S$3m to the South Australian government as it plans to decrease its fleet in Adelaide.

Office tenants are moving to hi-tech industrial space

Average gross rent for private high-tech space may have grown to $3.45 per sq ft per month, but tenants are relocating amidst faster increase in office rents.

Australand to delist from SGX

The Group no longer finds the need for the secondary listing and will just continue to maintain its primary listing on the Australian Securities Exchange.

IPOs raised $27b in Asia

This amounts to 42% of global capital raised.

Wing Tai’s Le Nouvel Ardmore sold for $4,200 psf

This is 20% higher than Kim Eng’s original assumption of $3,500 psf.

Winning GLS tenders 7% below average selling price

However, this discount started to widen after May 11 when the breakeven ASP for the Buangkok Drive site came in at 14% below market levels, says OCBC.

Temasek's profit more than doubles to S$13b

Last year's profit was S$5b, and Temasek's portfolio jumped to S$193b as of end-March.

Developers still tread with caution

There were only three bids for the Punggol site amidst uncertainty of policy changes in public housing.