News

Ministry of Law proposes new measures to safeguard conveyancing money

The Conveyancing Bill aims to address the risk of rogue lawyers defalcating clients' conveyancing money.

Oil price movement to affect Singapore inflation:OCBC

Crude oil price has sustained above US$100/barrel for the best part of the past two weeks.

Shipbuilding could be challenging beyond 2012:DBS

Weakness in the Baltic Exchange Dry Index is expected to result in a slow down in order flows.

Singapore rigbuilders may post negative to muted earnings growth for FY2011

Meanwhile, Singapore yards are looking good beyond 2011, said DBS.

Monthly salary threshold for S Pass applicants raised to at least $2000

Employers of existing Employment Pass and S Pass holders will be given a one-time renewal of up to 2 years to meet salary thresholds.

Inflation forecast at 4.0% in 2011

Previously at 2.9 per cent, March MAS survey of professional forecasters tips inflation at 4.0 per cent.

Singapore will be the hunting ground for senior talent

With its mature workforce and world-class talent pool, Singapore based talent is favoured for senior positions in neighboring countries.

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.