News

Expect more gains today.

It keeps property prices in check.

To help locals with retirement planning.

Manufacturing headwinds mean lower growth ahead.

As budget carriers cut capacity.

Watch out for Downtown Core malls.

Labour crunch still a key hurdle.

Expect changes in the second half.

After a dire showing in export performance.

Can it maintain its upward momentum?

KepCorp now owns 90.9% of KepLand.

It’s a hallmark in history. Lee Kuan Yew’s hard work and legacy for Singapore will continue to be a source of inspiration to many.According to a report by Macquarie Securities, in 1960, the first full year that LKY was Singapore’s prime minister, the city-state’s per capita GDP was US$428. By the time he left the PM’s office in late-November 1990, the island republic’s per capita GDP had increased almost 30-fold (29.8-fold to be more precise) in 30 years – to US$12,766. It was one of the most remarkable transformations -- and among the outstanding achievements -- in modern economic history. LKY stayed in government as Senior Minister and Minister Mentor for a further 20.5 years (until May 2011); during those two decades, Singapore’s per capita GDP increased another 4-fold to US$53,177 (in 2011) – for a spectacular 124-fold increase over 51 years. As the visionary founding leader of Singapore, LKY was instrumental in that transformation.

And orchid named after LKY.

But a pullback is expected today.

Thanks to a narrowing price gap.

Interbank rates have risen by 60bps.