News

Government shells out $2bln for Singaporeans

Government shells out $2bln for Singaporeans

About 2.4 million adult Singaporeans would have received about $1.5 billion in Growth Dividends and 1.3 million Singaporeans would have received abou $500 million in CPF Medisave Top-ups.

Consumers can soon choose their power supplier if EMA's plans continue

The Energy Market of Singapore is working towards opening up the entire electricity market to competition.

Unemployment rate plunges to 3-year low in 1Q 2011

Reflecting the tight labour market, the overall unemployment rate fell from a seasonally adjusted 2.2% in December 2010 to 1.9% in March 2011.

Japan tragedy to have limited negative impact on Singapore

The Asia and Pacific region will experience rebust growth both in 2011 and in 2012, said the IMF.

SGX lists Nam Cheong offshore shipbuilding and chartering unit

The S$472mn reverse takeover of Eagle Brand for Nam Cheong Group is satisfied via the issuance of 94.4bn new ordinary shares.

Brain drain woes persist in SG, says 69% of executives

Hiring expectations have levelled off slightly but remain strong, said Hudson.

Oxley sells 60% of BizHub property in two days

The soft launch of phase one comprised of 364 units, with the factory and warehouse units booked at an average price of $677 psf.

Hyflux gets a boost, upsizes CPS offering to S$400mln

The company's management has allocated S$200m to the public tranche as a result to the "overwhelming response" for the company's recent 6% CPS.

71% of Singaporeans say Singapore properties are too expensive

Majority of consumers also believe that the government can do more to manage property prices.

Pace of job creation to remain firm in 2011

Services will account for more than three quarters of total employment gains this year.

Opposition to contest 82 of the 87 parliament seats

Only the slate of 5 PAP candidates led by Minister Mentor Lee Kuan Yew in Tanjong Pagar district will run unopposed.

Food prices to reach record high in 2011

The demand for meat, oilseeds and grain may drive global food prices to reach 4.4% to a record by the end of the year.

Singapore remains best seaport in Asia

For the 23rd time, Singapore won the 'Best Seaport in Asia' award at the 25th Asian Freight and Supply Chain Awards.

Siemens/Samsung consortium takes over Island Power combined cycle power plant site

The 800MW plant to house Siemens’ most sophisticated gas turbines and is expected to be completed by the end of 2013.

Singapore's 2009 overseas investment up to $736.5bn

The country’s direct investment contributed 48.8% to total investment abroad while 28.3% and 22.9% were attributed to portfolio investment and other foreign assets.

SGX lists Mapletree Commercial Trust to the Mainboard

The latest listing comes after two earlier REIT sponsored listing of Mapletree Investments Pte Ltd on SGX after Mapletree Logistics Trust and Mapletree Industrial Trust.