News

The average monthly gross rents for CBD Grade A office space fell to SGD8.93psf, the first time since the market bottomed in 4Q2009.

There was weakness in the local currency amidst concerns from the G20 meeting.

US markets closed flat and the Nikkei started weak.

Its agriculture segment could disappoint and dampen an expected earnings recovery, says DBS.

The group’s Marine segment continues to be its main contributor, accounting for 55% of Group net profit.

As its palm products output grew to a record level of 2.64 million tonnes last year.

Singapore has been the third most expensive office location in Asia since 2009 at US$82.42 per sq ft per year in 4Q 2011.

90% of survey respondents expect people to demand higher wages to offset the burgeoning costs - but what can employers do to alleviate the damage?

Gold and cash remain the top choice among investors while equities and shares are the least favoured asset classes.

The truth is, it has already hit bottom six months ago, says DBS.

Europe is not the cause of Asia’s slowdown, which began more than a year ago; Asia is, says DBS.

Rents in Business and Science park as well as hi-tech space peaked in Q3 2011 at $3.85 psf/mo and $2.85 psf/mo, respectively but stayed firm through Q42011.

Weak economic data caused the Singapore dollar to slip against the US dollar.

There were continued gains on Wall Street and the Nikkei started strong.

Tobacco firms will need to roll out new graphic warnings and package cigarillos in 20s by March 1, 2013.

Economic doomsayers have been given fodder due to the weak January numbers but bright spots remain.