News
Cozy condos: Executive condo sales up 21% to 1,362 units
Cozy condos: Executive condo sales up 21% to 1,362 units
Thanks to the whopping 125% MoM jump in sales in the rest of central region.
Singapore Exchange launches Reach trading engine
Reach offers 10 times more capacity with ultra-low latency of less than 90 microseconds.
No go loan zone: Loan growth to slow in second half 2011
Singapore banks recorded 2Q11 sequential loan expansion of between 7% and 10% won’t last for long.
August likely to be inauspicious for home developers-- and not just because it’s Ghost Month
More than superstition, the rating downgrade of US debt and the EU’s continuing credit woes show that now is not the best time to buy houses.
Private home sales volume surges 40% in July
And guess which are the top four projects accounting for about 41% of the total number of units sold.
Singapore’s retail sales rise 1.6% in June
Food and beverage sales also increased by 1.5%, according to a report from Singapore's Department of Statistics.
Macroeconomic factors to put brakes on Asia Pac’s transport sector
Higher oil prices, such as the 46% increase in jet fuel prices, have lowered companies' profitability.
Government to tighten further on foreign workers
The Prime Minister however warned that tightening on foreign workers does not mean Singaporeans will automatically get better jobs or higher pay.
Income ceiling hike within market expectations
Income ceiling increased from S$8,000 to S$10,000 for BTO flats and from S$10,000 to S$12,000 for executive condos.
More flats to curtail interest in Singapore’s cautious property market
7,000 more rental flats and 25,000 BTO flats will be available in two years.
What to do with Asian central banks’ FX reserves?
In May 2011, roughly 33% of non-Japan Asia reserves were parked in US treasuries.
NOL capsizes with US$67m loss in the first half
It was an overturn from the US$1 million profit in the same period last year.
Trash it: Waste management industry to get $5m training boost
6,000 workers shall get more training as Singapore aims to set a target of 60% recycling rate by 2012.
Global companies struggling to comply with tax rules
And 64% of the world’s largest companies experienced unplanned tax audits within the past year.
Brace yourselves for a looming recession, warns analyst
The global index is down by 16% since August 1 and by 19% since it peaked in late April.
Analyst warns Asia on threats from a 9% risk to earnings in 2012
That is if earnings from a 1% lower G10 GDP growth where the base case is 2.4% becomes reality.
Charge it: MasterCard users’ spending up 48% to a record US$1.32b
Both locals and tourists spent a total of US$73.5m on dining out during the Great Singapore Sale.
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