News
Booming commodity prices push Singapore's offshore trade up 50.5% to US$700bn
Booming commodity prices push Singapore's offshore trade up 50.5% to US$700bn
And the good news is that trading jobs actually grew 18.5 % with 11,250 new jobs created.
Oops. April exports fell by 1.8% year-on-year
Don't panic yet, but the drop in non-oil domestic exports resulted in total exports growing by just 5% which is well below the 12.7% recorded in March.
Private home sales in April surged 29% month-on-month
Excluding executive condominiums, a total of 1,788 residential units were sold buoyed by steady buyer confidence seen since February.
April NODX seen to slip to 8.7%
Headline NODX is expected to record a slightly softer growth, down from 10% in the previous month.
Keppel inks US$772mn deal to 4 build jackups for Standard Drilling
Latest contracts boost value of new orders secured year-to-date to over S$6.4bn.
Retail sales surge 0.8% in March 2011
Motor sales held back the growth of retail sales as retailers of motor vehicles reported a sales decline of 15.3 percent.
Government urge SMEs to participate in productivity drive
SMEs play a critical role in Singapore's economy, said Gan Kim Yong, Minister of Manpower.
Singapore remains threat to Hong Kong in fund management
Assets under management by fund managers in Singapore have reached new high of $1.4 trillion.
Moody’s retains SingTel’s Aa2 rating for 2010
The telco’s financial metrics and liquidity profile remain robust and continue to leave its standalone rating well positioned at the single A range.
Record US$233mn lost to pirated software in 2010
34 percent of software deployed on PCs last year was pirated, said the Business Software Alliance.
Singapore remains third most expensive office location in Asia Pacific
Hong Kong beat Tokyo and Singapore to the top spot after surging 11.9 per cent QoQ in 1Q 2011.
Recent election marks PAP's narrowest margin of victory
The rise in popular dissatisfaction with the PAP may eventually alter the economic policy framework, said Moody's.
Singapore office rents to grow 15-20% in 2011
The office property market is expected to remain on a growth trajectory in the short to medium term.
Keppel bags US$393mn jackup rig orders from Gulf Drilling
The company attributes successful deal to its Near Market, Near Customer strategy that aims to develop keen understanding of its customers' businesses.
IE Singapore taps vocational education and healthcare opportunities in China
The body eyes capitalising on China’s growing demand for skilled manpower and quality healthcare services via business missions.
Average office rent chalked up further growth of 6.1% in 1Q 2011
This was underpinned by burgeoning business confidence and the continued flight to quality amongst occupiers.
Singapore most active cross-border purchasers in Q1 2011
Cross-border direct commercial real estate investment volumes reached US$37 billion in Q1 2011.
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