News

Four record prices were also achieved in the Government land sales market which shows the unwavering optimism among developers despite global uncertainties.

The decline in the overall PMI was attributed to a first-time contraction in new orders as well as a lower level in new export orders.

37 % of bankers and hedge fund managers surveyed by recruitment firm said Singapore will add the most financial services jobs in 2011, followed by London on 22% and Hong Kong on just 17 %..

Overseas assets of Singapore banks will be translated to SGD at less favourable rates.

The Australian Treasurer is disposed to reject ASX-SGX merger proposal, a report said.

The Private Banking Code is applicable to financial institutions and their staff engaged in private banking activities in Singapore.

This is more than five times the US$1.3 billion raised in 1Q 2010.

Turnover rose 22% year on year to $37.2 bln with a securities daily average volume of $1.6 bln.

Under the MOU, MDA and SingTel Innov8 will provide funding and create a dynamic environment for start-ups.

For 60-year leasehold strata- titled factory space, capital value increased by about 5% q-o-q to $289 psf for ground floor units and $213 psf for upper floor units.

The shipping company could earn USD 1.05bln from LOIs for drilling units with Sevan.

As the global economy continues to recover, GDP is still expected to rise to 6.2% in 2012.

HDB resale transactions for PropNex may have increased 5.1% q-o-q but the cooling measures dragged down the number of private property transactions.

Property Price Index (PPI) showed that the overall price level in Singapore’s private residential property market reached 194.8 points in 1Q11.

3G subscribers currently account for 66% of total mobile subscribers,up from 47% in just a year.

Housing loans growth falls sharply to just 1% in February, but could start contracting, warns DBS.