News

The Private Banking Code is applicable to financial institutions and their staff engaged in private banking activities in Singapore.

This is more than five times the US$1.3 billion raised in 1Q 2010.

Turnover rose 22% year on year to $37.2 bln with a securities daily average volume of $1.6 bln.

Under the MOU, MDA and SingTel Innov8 will provide funding and create a dynamic environment for start-ups.

For 60-year leasehold strata- titled factory space, capital value increased by about 5% q-o-q to $289 psf for ground floor units and $213 psf for upper floor units.

The shipping company could earn USD 1.05bln from LOIs for drilling units with Sevan.

As the global economy continues to recover, GDP is still expected to rise to 6.2% in 2012.

HDB resale transactions for PropNex may have increased 5.1% q-o-q but the cooling measures dragged down the number of private property transactions.

Property Price Index (PPI) showed that the overall price level in Singapore’s private residential property market reached 194.8 points in 1Q11.

3G subscribers currently account for 66% of total mobile subscribers,up from 47% in just a year.

Housing loans growth falls sharply to just 1% in February, but could start contracting, warns DBS.

Additional cross border bus services between Singapore and Iskandar Malaysia have been approved and are being implemented.

Tests done on shipments imported on 30 Mar 2011 showed contaminants were found in a sample of Komatsuna (Japanse Mustard Spinach).

Its partner, Mitsubishi Estate Asia, will take 25% interest to develop condominium site at Bishan Street.

The company will sell its share to Midea for an after tax net proceed of approximately $52.6mn.

The Nordic bank selected SGX as its first Asian exchange membership as the continent is becoming more essential to the latter’s core corporate and institutional clients.