News

HSBC revised up their forecast from 5.2% due to recent high frequency number for retail sales and industrial productions.

This is likely to be temporary as investment sales in Q4 2010 was the highest in 13 quarters.

The average rent for hi-tech properties which include business parks rose 3.1% quarter-on-quarter to $3.30 psf in Q1 2011.

The said IPO is the US$5.5 billion Singapore listing of Hutchison Port Holdings Trust.

The management may attract a deeper pool of regional companies to list in Singapore.

This five year plan aims to increase the productivity of the food sector by 20 per cent.

This far surpassed the global industry growth of 9.3 per cent.

Singapore's record 20.2% growth in tourist arrivals last year is not all good news as some of the attractions had a 28% decline in visitorship figures.

Four record prices were also achieved in the Government land sales market which shows the unwavering optimism among developers despite global uncertainties.

The decline in the overall PMI was attributed to a first-time contraction in new orders as well as a lower level in new export orders.

37 % of bankers and hedge fund managers surveyed by recruitment firm said Singapore will add the most financial services jobs in 2011, followed by London on 22% and Hong Kong on just 17 %..

Overseas assets of Singapore banks will be translated to SGD at less favourable rates.

The Australian Treasurer is disposed to reject ASX-SGX merger proposal, a report said.

The Private Banking Code is applicable to financial institutions and their staff engaged in private banking activities in Singapore.

This is more than five times the US$1.3 billion raised in 1Q 2010.

Turnover rose 22% year on year to $37.2 bln with a securities daily average volume of $1.6 bln.