News

Recent export numbers were on the weak side following the very rapid expansion seen from end-2009 and well into 2010, HSBC said.

A 1.1% contraction in electronic products dragged down the expansion of NODX.

Compared to the 13% y-o-y growth in the previous month, Singapore total trade eased in December 2010.

Sembawang Shipyard also secured three major upgrading contracts worth S$92 mln, including an LNG carrier longevity project.

The property developer's 3.7% YoY revenue jump was offset by higher operating expenses and an enlarged property portfolio.

Interest rate amid high liquidity and robust economic growth bolster property sales to 4, 313 units for 4Q10, offsetting the effects of the government’s cooling regulations.

PropNex believes the record-breaking 1,699 private homes transactions recorded during the Christmas season might have urged the government to announce further cooling measures this month.

CapitaLand is supportive of the government's measures to ensure prices rise at sustainable levels, in line with economic fundamentals, CapitaLand said.

Singapore Press Holdings profit went down to $102.3 million in 1Q 2011.

Success of shoebox residential units lead to more industrial projects based on shoebox units, OCBC said.

Grade A rents are expected to rise up to $12psf this year, DMG & Partners said.

The bank has penciled in a 14.7% YoY rise into its forecast for the non-oil domestic export figure due today.

Car sales dragged retails sales down 2.4% y-o-y compared to November 2009, according to the latest report released by Singapore Department of Statistics.

It is still too early to tell if the steps taken by the government to help cool the property market are enough, HSBC said.

The Government released measures to ensure a stable and sustainable property market where prices move in line with economic fundamentals.

Singapore and other high income countries are expected to slow down global GDP growth in 2011, World Bank said.