Singapore
$1000 psf the “new normal” for condos
$1000 psf the “new normal” for condos
It was good while it lasted, but the second wind to Singapore’s residential property market seems to be blowing a lot softer coming into May than it did in the first part of the year. Worst affected – mass residential markets like those in the east coast. And the main reason is that prices have already rebounded to peak levels, and in some cases have already surpassed peak levels.
Barang Barang goes bust
After filing for voluntary liquidation in February, famed furniture maker Barang Barang announced its Managing Director Lim Kok Hui had resigned “for new prospects” as facebook customer groups go nuts.
Singapore, Saudi Arabia sign agreement for avoidance of double taxation
New DTA to further enhance strong bilateral trade links by minimising the double taxation of income.
Sembcorp, PUB open fifth NEWater plant
Latest and biggest NEWater plant will help meet 30% of Singapore's total water demand.
MicroFirst creates content for Marina Bay Sands
Company has created gaming content featured on 3,000 slot machines in US casinos.
Biomedical companies invested $800mln in Singapore in 2009
Global biotechnology and pharmaceutical companies that seek to capitalise on Asia's growth story are locating first-in-Asia manufacturing facilities and headquarters offices in Singapore.
Employer CPF contribution rate to go up 1%
Increase goes to Medisave and Special Accounts to help workers build up medical and retirement savings.
Solutia announces the acquisition of Novomatrix
Deal expands Solutia's reach in key emerging regions through Novomatrix's presence in Southeast Asia.
Swiber secures contract with South Asia oil operator
Tasks for its third contract in 2010 include engineering, procurement and laying of subsea pipelines.
Singapore maintains third place in Asia-Pacific office occupancy costs
Analysts expect a modest recovery in the local office market over the next three quarters.
Moody's says Asia Pacific credit trend to keep improving
Global economic recovery, China's economic condition, inflation and appreciation of Asian currencies used as key factors.
SMRT FY2010 profit up 0.1% at S$163mln
Yet results disappointed analysts as company's total operating expenses increased 10% during the global recession.
SingTel to provide vital communications lifeline in war zones
IsatPhone Pro enables business without boundaries to harness innovative applications to enhance user experience.
Singapore's employment in 1Q continued to grow strongly
Total employment is estimated to have grown by 34,000 in the first quarter, the third quarterly increase after two quarters of decline in the first half of 2009.
ST Engineering's electronics arm increases stake in Knowledge Alive
Acquisition to boost capabilities in the area of eLearning, soft skills training and enabling career transition.
Singapore's 2008 overseas investment down by $18.4bln
Country's direct investment and portfolio investment abroad slid down into negative territory.
Showa Denko Singapore to expand HD media production capacity
SDK eyes having SHDS’s two plants integrated into one this year to increase production efficiency.
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