News

Foreign investor participation seen to increase in 2011

Foreign investor participation seen to increase in 2011

Regional investors from Asia Pacific were the largest group of foreign investors in Singapore.

Singapore Air regional wing to increase fuel surcharges

Due to continued escalation in the price of jet fuel, SilkAir will increase its fuel surcharge for all tickets issued on or after 17 March 2011.

Singapore REITS rental income to average 4.2% in 2011

S-REITs are forecasted to deliver FY10-12F DPU CAGR of 5.5% - 9.2%, which is above inflation.

Government armed to protect domestic market against casino problems

Singapore must not normalise gambling in Singapore and must not make it a badge of honour, said Dr Vivian Balakrishnan.

Employment outlook to improve by 3%

The Q2 Manpower Employment Outlook saw the net employment outlook improve from 27 per cent to 30 per cent.

Three incentive programmes received more than half of the $100mn Aviation Development Fund

 These three programmes support initiatives by local companies to raise productivity and promote innovation.

Singapore to benefit from the robust expansion of Shanghai's container port

Shanghai overtook Singapore as the world's busiest container port in 2010 but Shanghai's pole position was not achieved at Singapore's expense.

Singapore seeks to become the Asian home base of global companies

Global companies are increasingly seeking an Asian home base from which they can manage their pan-Asian operations.

Singapore foreign reserves jumped 1.66% in February 2011

The foreign reserves rose US$3.77 billion last month, according to OCBC.

Enhanced bursaries for post-secondary students will cost the Government $134mn per year

The MOE will increase the quantum and extend the coverage of existing bursaries to benefit Singapore Citizens from two-thirds of all households in Singapore.

Government invests $10.9bn in educaton this year

The budget is almost double from a decade ago and is 10% more than last year.

77% of companies in Singapore have no female independent directors

While 20% of companies in Singapore have 1 female independent, there are no companies in Singapore with 3 female independent directors.

Singapore ranked 6th most popular global destination to relocate to

USA ranked first as 18 percent of the respondents chose USA while only 5 per cent chose Singapore.

Government forecasts tourism receipts will reach up to $24bn in 2011

12-13 million visitors are expected to arrive this year in Singapore compared with the 11.6 million visitors last year.

Demand for infocomm manpower grew 10% in 2010

From 143,500 in 2009, demand for infocomm manpower in Singapore, which includes those employed and job vacancies, grew to 157,400 in 2010.

Integrated Resorts projected to add $2.7bn each to the economy

It is also expected that IRs will create 50,000 to 60,000 economy-wide jobs.

Singapore air fares forecast to increase 10% this year:HSBC

IATA believes passenger yields will be stable in 2011, said HSBC.