News

PM: Connectivity key to propelling SG economy forward

PM: Connectivity key to propelling SG economy forward

Singapore's economy will grow by staying plugged into the world, said Prime Minister Lee Hsien Loong.

Singapore to develop more sustainable built environments

Developing buildings with better energy efficiency is a necessity while meeting the demand of the growing population for more urban spaces.

SingTel headed for a slow year

Bharti's slower-than-expected growth erodes and Singaporeans' slow adoption of Android phones are not helping SingTel, said DBS Vickers.

Strong hiring expectations to boost office property market

Buoyant business sentiment and corporate hiring is underpinning a strong office leasing market, said Jones Lang LaSalle.

PAP gains 60.1% of popular vote

Ruling party PAP secured 81 of the total 87 parliamentary seats, said OCBC.

CIT in talks to acquire 5 & 7 Gul Street 1 property

The company has entered into a put and call option agreement with Precise Industries Pte Ltd in connection with the proposed acquisition.

Singapore luxury home prices to remain stable in 2011

Luxury residential prices in the Asia Pacific region are generally likely to remain stable or see slower growth in 2011 due to ongoing policy and interest rate risks.

Office rents to favour Singapore landlords

Rental growth of up to 30% is expected across Asia Pacific this year, with the strongest growth likely to be seen in supply constrained markets.

Keppel Corp: staying cool in the face of a force majeure

Clients and analysts are not worried despite the company's announcement that the delivery of its first rig for Discovery Offshore will be delayed for eight weeks.

Singapore still the top Asian city to do business and leisure

New York topped the Cities of Opportunities ranking while Singapore ranked 9th worldwide.

SATORP project skews Rotary Engineering's 1Q11 results

The 27% YoY fall in the company's revenue to S$130.5mln was due to the project's progress from the engineering and procurement to the construction phase.

Hyflux bent on capturing China market by 2014

The utility company aims to derive 40% of its total revenue from Asia's largest economy as the Chinese government gears to double its spending on water conservancy projects.

36% of companies to hire more employees in 2Q11

For most employers, this entails a 5-10% increase to current staff numbers.

Insurers attained 45% growth in 1Q 2011

The $460 million weighted new business premiums was spurred by robust sales across all products.

Parkway REIT unshaken by Japan tragedy

Revenue contributions from 12 Japanese nursing homes boosted the company's NPI 14.6% YoY to S$19.7mln.

More than half of Singaporeans wary of cooling measures' success

58.4% of survey respondents are undecided whether the measures will succeed in cooling Singapore's red-hot property market.

Number of employed jobseekers drop to 2,800 in 1Q11

The figure is down from the 4,800 job seekers place in the same period last year.