News

Three crooked men busted for cheating on the Tourist Refund Scheme

The 2 Indian men were each sentenced to a court fine of $3,000 but investigations are still ongoing for the Singaporean offender.

Tiger Airways declawed as hopes fade for Thai budget carrier

According to Mr. Supoj Suplom, permanent secretary at Thailand’s Transport Ministry, the Ministry has rejected Tiger’s proposal to start a budget carrier with Thai Airways.

What you need to know about Singapore’s amazingly resilient luxury property market

Prices of luxury units have jumped an incredible 20% and now average $7.9m.

Retail sales surge to 11.5% in May

Economy may be ailing, but that’s not stopping Singapore shoppers.

M1 rings up S$42.8m profit

Its total customer base is now up to almost 2m.

Global IPO activity rose by 39% in Q2 2011

And guess who’s leading with 108 IPOs and US$20.4 billion funds raised?

Asia Pac computer shipments grow 9.6% to 30.5m units in Q2 2011

And worldwide PC shipments surpassed 85.2 million units, a 2.3% increase from the same period last year.

First-time buyer boon: HDB offers 3,556 BTO flats

These were launched across five estates, namely Sengkang, Tampines, Jurong West, Bukit Panjang and Yishun.

Divestments hurt CapitaCommercial Trust

Gross revenue fell 9.2% after dropping Robinson Point and Starhub Centre.

Singapore tops buyers of hotels in Asia Pacific

Pent up investor demand for the market pushed volumes to surpass $1b.

Did you get your raise this year?

If not, then you’re not part of the more than 82% of professionals in Singapore that did.

APB sells Heineken-APB shares and undergoes restructuring

The move is in line with the company’s strategic direction in China and taking into account its minority interests in Jiangsu Dafuhao Breweries.

Public sector investment sales jump 38.2% to $4.67b

This is the highest quarterly level of state land sales achieved in four years.

Rentals for factory and warehouse spaces surge by 6-7% in 2Q 2011

This is the fastest quarterly growth in three years.

Incredible tourism buoys retail property market in Q2 2011

A record 1.1 million tourists visited Singapore in April, says Singapore Tourism Board.

Grade A office space occupancy dips to 93.5% in 2Q 2011

The slip in occupancy rate was most pronounced in the Raffles Place/New Downtown where it fell 1.5 percentage points to 94.2%.