News
Non-oil domestic exports drop 2.8% in July
Non-oil domestic exports drop 2.8% in July
And electronic exports plunge 16.9% as key electronic products recorded weaker sales.
Soft patch: Property sales volume to soften in coming months
The property market sentiment is apparently less optimistic than perceived.
Ka-ching! Asian private consumption resilient with 5% growth
This typically accounts for 50-60% of GDP, except in China and Singapore.
GDP growth in Asia to ease in 2011 to a decent 7.2%
And Singapore is one of the six Asian economies which reported 2Q GDP registered sequential
CapitaLand buys Hangzhou prime residential site for S$213.27mn
The site has potential gross floor area of 80,105 sq.m. located in the city’s upcoming Grand Canal central business district.
Singapore tightens employment pass eligibility requirements
New employment policy will maintain the foreign share of the workforce at only one-third.
Cozy condos: Executive condo sales up 21% to 1,362 units
Thanks to the whopping 125% MoM jump in sales in the rest of central region.
Singapore Exchange launches Reach trading engine
Reach offers 10 times more capacity with ultra-low latency of less than 90 microseconds.
No go loan zone: Loan growth to slow in second half 2011
Singapore banks recorded 2Q11 sequential loan expansion of between 7% and 10% won’t last for long.
August likely to be inauspicious for home developers-- and not just because it’s Ghost Month
More than superstition, the rating downgrade of US debt and the EU’s continuing credit woes show that now is not the best time to buy houses.
Private home sales volume surges 40% in July
And guess which are the top four projects accounting for about 41% of the total number of units sold.
Singapore’s retail sales rise 1.6% in June
Food and beverage sales also increased by 1.5%, according to a report from Singapore's Department of Statistics.
Macroeconomic factors to put brakes on Asia Pac’s transport sector
Higher oil prices, such as the 46% increase in jet fuel prices, have lowered companies' profitability.
Government to tighten further on foreign workers
The Prime Minister however warned that tightening on foreign workers does not mean Singaporeans will automatically get better jobs or higher pay.
Income ceiling hike within market expectations
Income ceiling increased from S$8,000 to S$10,000 for BTO flats and from S$10,000 to S$12,000 for executive condos.
More flats to curtail interest in Singapore’s cautious property market
7,000 more rental flats and 25,000 BTO flats will be available in two years.
What to do with Asian central banks’ FX reserves?
In May 2011, roughly 33% of non-Japan Asia reserves were parked in US treasuries.
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Commentary
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