News

Singapore food prices bucked global spike of 2011

Singapore food prices bucked global spike of 2011

Consumers should thank the appreciating Singapore dollar and food importers.

Food inflation tempers to 2.3% in June

Food inflation eased from 3.8% in January as commonly bought items cheapened.

Time is gold: Tourists go gaga over luxury watches in Singapore

Chinese shoppers spend an average of $10,481 on luxury watches and jewelry.

Singapore companies invested US$22.6b overseas in 2011

That's a doubling of outbound FDI since 2004, but still down from a record 2007.

Singapore companies' earnings beat expectations by 9.6%

But excluding the volatile Real Estate sector, the beat is only 3.5%.

Sparks fly as SGX acquires 49% of Energy Market Company

This move marks SGX's debut in the electricity sector.

Slowdown looms as global lending growth drops to 3%

And Hong Kong is in the highest category of macro-risk due to bad lending.

Asian banks urged to cut dividends by 50%: Barclays

Dividend cuts will be needed to fund regualtory capital increases.

Cosco faces debt threat

COSCO has had negative operating cash-flows for the past three years, says OCBC.

The 3 priciest executive condos of 2012

Guess the only exec condo in Singapore which breached $1000 psf price mark.

Chart of the Day: Here's why exec condos are not short of buyers

The average take‐up for a new EC project is 65% within the first 2 months of launch.

Construction cost of executive condos 20% cheaper than private homes

Today’s EC discount is $150‐$200psf, or $100‐$150psf.

Don't be fooled by rosy rise in rents, warns analyst

A 4% dip in rents actually lurks beneath the 0.3% climb that URA statistics showed.

COSCO struggling amid 13% profit slump

The S$27.6m earnings may imply rough seas ahead with the group's transition into an offshore yard.

Keppel to build five semisubmersibles for Sete Brasil

The US$4.1b rigs will be chartered to Petrobras for 15 years upon completion.