News

MAS will re-centre exchange rate policy band

Although the exchange rate policy band will be re-centred below the prevailing level of the S$NEER, there will be no change to the slope and width of the band.

Inflation forecast remains at 3-4% for 2011

MAS Core Inflation for the whole year will be 2-3 per cent, said the MAS.

Record 2mn visitors in first 2 months of 2011 to boost hospitality sector

Emerging travel patterns post March 2011 could be in Singapore's favor, said DBS Vickers.

Singapore's office occupancy cost remains about 62% more affordable than Hong Kong's

Office occupancy cost of Singapore remains at US$191.97 psf per year as of December 2010.

Singapore ranked 9th most expensive office location

Hong Kong remains the most expensive office location in the second half of 2010.

Nearly 50% of Singapore professionals have seen social media hurt workplace relationships

Only 30% believed that these sites facilitate the develoment of better working relationships with their professional counterparts.

Offshore and marine, banks and hospitality sectors to boost overall market earnings

The three select sectors are expected to report higher profits, said DBS Vickers.

Global cross border investment volumes grew 38% year-on-year in 1Q 2011

However, the investment volumes decreased 20% from the previous quarter, said Jones Lang LaSalle.

Smartphones could make up 80% of telcos' postpaid bases

Sales for handset should fall q-o-q as Singapore comes out of the festive period and as the iPhone 4-related craze enters its tail end, says CIMB.

SingTel joins global consortium to build South-East Asia Japan Cable

SJC system will link Brunei, China, Mainland, Hong Kong, the Philippines, Japan, and Singapore.

Singapore’s business confidence soars

Rising optimism means increasing business expenditure in Singapore as over two thirds of Singaporean companies report 69% rise in revenue, and 61% have experienced healthy profit growth.

Singapore ranked 7th most popular destination for luxury retailers

Hong Kong maintained its position as the most popular destination, according to CBRE.

More than 80% of organisations do not have a talent strategy for their finance team

Chief Finance Officers are under pressure to secure the right talent, says ACCA and KPMG.

Keppel order wins could reach $5.5bn in 2011

Standard Drilling, Keppel's customer, will be buying two jack-up rigs being built for Clearwater.

Inflation has likely peaked

CPI inflation is expected to moderate from now on, said Minister Lim Hng Kiang.

Crisis in Japan, Middle East have low impact on Singapore economy

Although the recent increase in oil prices is likely to have affected global economic activities to some extent, the impact has been small, said Minister Lim Hng Kiang.