In Focus

Affluent Singaporeans' spending on luxury items surges

Affluent Singaporeans' spending on luxury items surges

Booming economy prompts significant jumps of ownership in designer clothing, jewellery, luxury watches and air travel.

Singapore's regulatory environment drives financial institutions to do business

94% of survey respondents believe Singapore's liberal investment regimes and regulatory frameworks encourage investors.

SPH reports record $1.38bln revenue

The group achieved $39.3mln investment income for FY 2010, a turnaround from $6.2mln loss for FY 2009.

Keppel seals S$341mln deal for UK energy-from-waste project

Runcorn plants to have capacity to treat 750,000 tonnes of waste yearly and generate 70MW electricity.

Changi Airports International starts consultancy for Brunei Airport upgrading

Changi Airports International (CAI), the international arm of Changi Airport Group, has commenced its consultancy work with the Brunei Economic Development Board (BEDB) for the upgrading and development of Brunei International Airport.

MCC Land sets The Canopy EC launching this weekend

Eco- friendly project is built in a comprehensive range of amenities and schools in Yishun.

Frasers Centrepoint's Esparina Residences more than 100% over-subscribed

More than 50% of 1,155 applicants were attracted by EC’s proximity to Buangkok MRT station.

Tiger cancels flights as 2 airplanes suffer problems

Airline's bookings still strong despite report saying carrier has cancelled about 40 flights since September 28.

Prime rental rates flat despite tourist arrivals growth

Rents seen to increase next year as new supply in 2009 and 2010 are eventually absorbed.

Property sector showed steady growth before cooling measures

New measures force demand for resale flats to waver as third quarter unique transactions down 35%.

Office deals surge to $1.7bln in third quarter

$879.5mln DBS Towers 1 & 2 purchase by Overseas Union Enterprises propels commercial property market upswing.

Tenants bullish on Asia Pacific office property markets

Singaporeans put more emphasis on cost savings when choosing an office space than other nationalities.

Tourist arrivals to Singapore up 18% in August

14 out of 15 top markets grew in August with China, Thailand, and Vietnam as leaders.

Talent hunt drives salary increase to 15% in Singapore

Upward pressure on salaries and attrition rates as employees seek ‘greener pastures’.

Racing event brings excitement to local community

120 youths from six organisations treated to watch 2010 Formula 1 Singtel Singapore Grand Prix.

Overseas job seekers revive their career in Singapore

Hays doubles staff to cater 26% increase in permanent jobs registrants and 31% in contractual positions.

MAS penalizes trading representative for false trading

Tan Tan Wee Kiat Melvin paid $50,000 and had his licence suspended for three months.