News

Various developer stocks are currently trading at a sharper discount to their book value, or at a smaller premium than before.

Prime Minister Lee Hsien Loong indicated that couples who were about to exceed the current $8,000 ceiling may "get some relief".

1Q11 average monthly rent for island-wide industrial properties rose 3.27% QoQ and 23.4% YoY to $1.58 psf, according to CBRE.

The deal to privatise the abalone farmer is worth ~US$500mln (S$612.5mln), according to various sources.

The STB's target of 12 million to 12.5 million visitors is expected to be met this 2011, said CBRE.

ST Engineering's electronic arm entered into an agreement to sell its entire 51% equity interest in Brightspot Interactive Learning Pte Ltd (BSIL).

Frustrated SingTel customers in Hong Kong have been unable to roam for most of Tuesday.

The contract from PTTEP could potentially lift Sembcorp Marine's YTD orders to about S$2.0bln.

Should built-in wages grow too much and too fast, Singapore would generate a wage-price spiral that feeds inflation, said PM Lee.

The government will make special efforts to help low income worker through the Workfare Special Bonus.

The financial and insurance industry forecasts the highest growth in employment with 38% while 10% in the retail trade industry expects the level of employment to decrease.

The chemical tanker with 25 personnel on board is believed to have been hijacked off Kenyan waters and heading towards Somalia.

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.

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

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.

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