News

LDA's cancellation of contract is a breach so they are cancelling the Ropax contract on the basis of LDA's breach.

Singapore's general insurance industry recorded a gross premium income of S$3.03 billion in 2010, up 3.7 per cent from the previous year. This was announced by the General Insurance Association of Singapore.

The competition for industrial properties in Singapore is intensifying, said Moody's.

Banks are expected to produce solid profits during the next 12 to 18 months against a backdrop of moderate and sustainable GDP growth.

The lower-than-expected February inflation does not affect OCBC's inflation forecast for this year.

Two senior executives of BofA have gone from Singapore including some sales staff according to Reuters.

The company could be liable for damages up to 10% of the Ropax contract value.

Near-term disruptions in the Japanese logistic supply and production network may cause minimal impact on Singapore's bilateral trade.

Average monthly gross rents Grade A office space reached S$9.72 per sq ft in 2011.

The CPI fell marginally by 0.1% over January 2011 as a result of lower cost of transportation.

The MAS released a proposal to regulate the CRAs to meet international standards and practices.

CBRE forecasts that 62% of all new office developments in 2011 will take place in Asia.

The average CBD Prime Grade A gross effective rent showed an increase of 7.0% q-o-q to $10 per sq ft per month.

The likelihood of any radioactive plume reaching Singapore remains very low.

Singapore Tourism Board also forecasts $22-$24 billion worth of tourism receipts in 2011.

The current inflationary environment with strong economic growth will not adversely affect gaming operators in Macau, Singapore, and Malaysia.