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Singapore employers are also following suit, as half of them plan to recruit from abroad amid the skills shortage.

Grade A office rents crept up a mere 2% to S$9.08 psf/month, the lowest quarterly growth since 2Q 2010.

Occupational diseases also increased from 124 in 2010 to 361 in 2011.

Shoebox units have become increasingly popular among local property buyers, accounting for 7% of the total transaction volume for condos this past year.

Biomedical manufacturing expanded the most at 145.8%, buoyed by the strong growth in pharmaceuticals.

Value of transactions increased 33.3% to US$35.2 billion thus far.

But inbound M&A volume was down 35.3% to S$5.1 billion.

With growing job losses in major cities, warning bells of more cuts ring.

Electronic production should remain in the doldrums given the weakening demand for the US semiconductor industry.

Singapore Exchange declined to comment amidst reports and speculation it is interested in London Metal Exchange.

But it wasn’t enough for Oswald Gruebel to stay, who resigned while UBS’ board of directors met in Singapore.

The process is expected to be completed in around 90 days.

Blame it on higher costs of transport and housing which went up by 12.5% and 9.9%, respectively.

CIMB cuts its FY11-13 earnings estimate for OCBC by 6-8% mainly from insurance and trading-related income.

Now that Moody’s has downgraded the bank with negative outlook, the bank was compelled to issue a statement that it stands by its “ability to fulfill its obligation as a structured warrants guarantor”.

The mobile plan features sharing of bundled data, airtime, and SMSes for family members.