News
ST Engineering required to pay $129mn
ST Engineering required to pay $129mn
The company could be liable for damages up to 10% of the Ropax contract value.
Singapore trade marginally hit by Japan quake calamity
Near-term disruptions in the Japanese logistic supply and production network may cause minimal impact on Singapore's bilateral trade.
Singapore office property market up 8% quarter-on-quarter in 1Q 2011:Colliers
Average monthly gross rents Grade A office space reached S$9.72 per sq ft in 2011.
Inflation rose by 5% year-on-year in February 2011
The CPI fell marginally by 0.1% over January 2011 as a result of lower cost of transportation.
Government to toughen up on Credit Rating Agencies
The MAS released a proposal to regulate the CRAs to meet international standards and practices.
Singapore will contribute 3% of world's total new office supply in 2011:CBRE
CBRE forecasts that 62% of all new office developments in 2011 will take place in Asia.
Singapore office market gross effective rent up 29% year-on-year in 1Q 2011
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.
Singapore radiation level safe
The likelihood of any radioactive plume reaching Singapore remains very low.
Government expects 12-13mn visitor arrivals in 2011
Singapore Tourism Board also forecasts $22-$24 billion worth of tourism receipts in 2011.
Singapore gaming market almost inflation-proof:Moody's
The current inflationary environment with strong economic growth will not adversely affect gaming operators in Macau, Singapore, and Malaysia.
Inflation impact on Asian corporates is limited:Moody's
Moderately higher inflation is credit negative, but will not exert rating pressure on most Asian corporates in the near term.
Mapletree puts $1bn IPO plans on hold
Mapletree Investments has postponed its planned commercial REIT IPO due to volatile markets arising from the earthquake and tsunami in Japan.
Commercial landlords to benefit from strong recovery in capital values
Prime Grade A office rents have continued to inch up in recent months, albeit at a slightly moderated pace.
Singapore auditor oversight system recognised as equivalent to the European Union
Singapore is amongst the first batch of ten countries, including Australia, Canada and the US, to gain this recognition.
Singaporean banks to benefit from Enhanced Deposit Insurance
The revised deposit insurance scheme would insure in full 91% of the expanded insured depositor base.
7 in 10 corporate websites not good enough for job seekers
Most companies are at risk of losing young talent, according to the survey by SHRI commissioned by StepStone Solutions.
Industrial production may have improved to 12.2% in February 2011
This is a slight increase from 10.5% yoy in January 2011 since the upside is limited given ongoing weakness in demand.
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