News

Singapore economy to slow down in 2011:HSBC

Singapore economy to slow down in 2011:HSBC

HSBC believes Monetary Authority of Singapore will remain in tightening mode.

Singapore's manufacturing output up 4.8% in February 2011

Engineering industry expanded 30.7% y-o-y in February 2011, according to EDB.

Strong investor appetite moves CapitaMall Trust to raise a further $100mn in $350mn bond issue

The lead manager has upsized the option in full due to favourable demand for the convertible bonds.

Radioactive food from Japan detected in Singapore

Singapore said on Thursday it had found radioactive contaminants in four samples of vegetables from Japan.

Open Door Fund to receive $3.5mn for disabled employees

Employers who will be hiring staff with disability can claim up to $100,000 for such expenses incurred.

Production growth to pick up by 12.2%

Industrial activities will see a slight improvement from the 10.5% value in the previous report.

ST Engineering counters termination of contract

LDA's cancellation of contract is a breach so they are cancelling the Ropax contract on the basis of LDA's breach.

Insurance underwriting profits up 4.4%

Singapore's general insurance industry recorded a gross premium income of S$3.03 billion in 2010, up 3.7 per cent from the previous year. This was announced by the General Insurance Association of Singapore.

Singapore industrial real-estate investment trusts' expansion into China poses risk:Moody's

The competition for industrial properties in Singapore is intensifying, said Moody's.

Singapore bank loans to grow by 10%:Moody's

Banks are expected to produce solid profits during the next 12 to 18 months against a backdrop of moderate and sustainable GDP growth.

Inflation forecast at 3.8% for 2011:OCBC

The lower-than-expected February inflation does not affect OCBC's inflation forecast for this year.

Bank of America global commodities staff exodus continues

Two senior executives of BofA have gone from Singapore including some sales staff according to Reuters.

ST Engineering required to pay $129mn

The company could be liable for damages up to 10% of the Ropax contract value.

Singapore trade marginally hit by Japan quake calamity

Near-term disruptions in the Japanese logistic supply and production network may cause minimal impact on Singapore's bilateral trade.

Singapore office property market up 8% quarter-on-quarter in 1Q 2011:Colliers

Average monthly gross rents Grade A office space reached S$9.72 per sq ft in 2011.

Inflation rose by 5% year-on-year in February 2011

The CPI fell marginally by 0.1% over January 2011 as a result of lower cost of transportation.

Government to toughen up on Credit Rating Agencies

The MAS released a proposal to regulate the CRAs to meet international standards and practices.