News

An increase of up to $5,609 million came in for the total operating receipts in the Food and Beverage industry. However, according to the Singapore Department of Statistics, a decrease of 1.6 per cent came in for the operating receipts on a per establishment basis.

Jones Lang LaSalle said the 6% y-o-y increase in retail sales in July 2010 and the 18% y-o-y increase in tourism arrivals indicate renewed consumer confidence and growth for retailers in the next 12 months.

Moody’s says the negative impact brought about by the current trend of commercial tenants shifting into newly built offices and out of properties owned by S-REITs should be only temporary.

The bank signed a Cooperation Agreement with Finansia Syrus Securities Public Company Limited and its subsidiary, ACL Securities Co.support institutional clients of BNP Paribas trading on the Thai Stock and Futures Exchanges.

The technical consumer goods market grew by only 0.2% q-o-q in 3Q, with market value standing at S$851m as consumers are choosing to postpone spending on consumer electronics and other valuables for the meantime.

The world’s largest Shari’ah-Compliant REIT opens its doors to a pool of investors who require their investments to be made in accordance with Shari’ah investment principles.

But things are slowing up with just a 2.2% growth over September, pointing that we may be close to the peak. According to HSBC, the number points to a pick up in activity in Q4 led by pharmaceuticals, but output growth will slow next year with the end to the global restocking cycle. Still, with capacity to remain tight despite the slowdown in growth to a more sustainable pace, the MAS has to continue its tightening stance.

D’Leedon will be the first condominium in Singapore to be designed by internationally-renowned Pritzker Architecture Prize winner Zaha Hadid.

The government's move to put up 14,300 housing units for 1H11 indicates its resolve not to restrict supply that leads to continual asset inflation.

The rig bound for Norway will be operational in water depths of 400 feet, drilling depth of 30,000 feet and accommodate 120 men.

Air traffic growth is returning to a more normal pattern with global passenger demand 5% above and freight is 1% above pre-crisis levels of early 2008.

New shipyard signs service arrangements with eight major fleet owners.

Civil servants will receive at least 3 months in bonus payments at the year-end, according to PSD, in addition to the ½ month bonus and $300 received in July, according to OCBC.

 

Four new partners, Carol Lim, Kenneth Oh, Evelyn Ang and Pun Ling Fung, join Rodyk & Davidson's corporate finance practices.

SIA’s agreement with SAS enables the latter to add destinations in Finland, Norway and Sweden to its codeshare network.