News

ST Engineering corruption probe claims another scalp

ST Engineering corruption probe claims another scalp

On Friday, the company announced that Patrick Lee Swee Ching, CFO of Vision Technologies Systems has taken leave of absence pending the CPIB investigation.

SingTel: Showing strength on winning digital home

The telco claims to have 22% of Singapore households subscribed to their bundled broadband.

Hurrah!: More than 51,000 employers to receive Special Employment Credit

The Government will be giving a total of $17 million in SEC by 30 September 2011.

Tiger Airways caught off guard by Thai Airway's Chairman’s remarks on scrapping JV

Tiger issued  a statement saying that Thai's management will continue their joint venture, despite the Chairman of Thai Airways saying it will discontinue the joint venture.

Singapore’s inflation may have dropped to 4.7% in August

DBS expects the country’s inflation to be on a sticky downward grind in the coming months.

Tiger won’t have Thai blood

Thai-Tiger will no longer be set up as Thai Airways now has its budget carrier.

Singapore to hear less ka-ching!

Amidst negative global sentiment, spending attitudes are forecast to be precautionary.

Tighter financing still impacting home purchases

This leaves the secondary market more subdued while outlook for the land market remains cautious.

Singapore market most stable in Asia

The country's earnings volatility is the lowest in the region, having stayed at 21.4% in the last 5 years.

Private homes launched in August drop by 43.6%

But deeper analysis of the statistics would show that “pure” private homes launched during the month declined by just a meager 1%.

What does it take to get the best employees in Singapore?

Companies are having to offer salary increases of 15-20% because of the skills shortage.

Beware of technical recession ahead, warns analyst

Standard Chartered says a technical recession could affect some Asian economies, like Singapore and Hong Kong, by the end of 3Q 2011.

Non-oil domestic exports surge 5.1% in August

This figure comes as a surprise, especially amidst worsening economic conditions.

Ka-ching!: Retail sales up 2.1% in July

Food and beverage sales also rose 1.6%.

Slow but steady: Total employment grows by 24,800

This is lower than the 28,300 for the first quarter but comparable to the second quarter of 2010 at 24,900.

Silver lining: Unemployment up but re-entry rate improves

Records revealed 57% of residents laid off in the first quarter secured employment by June 2011.

Labour productivity drops 2.5% in the second quarter

And Singapore has the sharp slowdown in GDP growth to blame.