News

Tougher penalties will be in place to combat tax evasion and money laundering in Singapore, which has $1.2t worth of assets under management.

As prices continue to moderate for the 8th consecutive quarter since 4th Quarter 2009.

Bank lending may have been up 3% in August but slower economic growth is expected to lead to higher non-performing loans.

Prices slipped from S$2,286 psf in 2Q11 to S$2,243 psf, in response to a slowdown in luxury home sales.

Despite poor PMI data, Singapore’s manufacturing performance has been improving in recent months, led by the volatile bio-tech and pharmaceutical sectors.

The Minister for Trade and Industry cited this as among the things Singapore needs to do for more sustainable and inclusive growth.

A filing to HKEx said no new shares will be issued as a result of the listing.

According to a survey, ‘people not taking ownership for their actions’ is the top office pet peeve for Singaporean professionals.

As Qantas is seeking to get a slice of the booming Asian aviation pie.

Mr Ravi Menon said no regulator can totally prevent misconduct but stressed MAS “will leave no stone unturned to take rigorous action” against lawbreakers.

Western clinics accounted for a significant 59.3% of the health services industry in 2010.

This aims to raise the industry’s productivity level to that of advanced economies such as Germany, Japan and the USA.

This is a 2.1% increase from 2010 due to increased number of citizens and non-residents.

As 33% of Singaporeans will most likely travel to the country in the next two years.

This is a good sign for the future of Singapore, where SMEs contribute more than 50% of GDP.

The country also clinched third place in global IT competitiveness.