News

Their objective is to achieve good long-term investment returns across economic cycles.

Minister for Finance Tharman Shanmugaratnam decided to allow tax deferrals that will allow businesses to obtain cash in the same year as their investments.

The mixed February manufacturing PMI readings suggest that the post-CNY growth momentum may not be all smooth-sailing.

Prices remained stable for the second consecutive quarter as buyers remained cautious after recent government tightening measures.

PMI gained 1.8 points, marking its fourth month in expansion territory above 50.

After retreating for the last two months, manufacturing PMI rose to 52.3.

Hotel RevPAR of $205 per night, a 12% hike compared to 2010, is also expected this year.

Average room rate continues to hold, as it inches up slightly to $224 per night.

Rising land costs and the limited ability to raise ASPs in the near term could erode margins.

Indonesia remains Singapore's top visitor-generating market with 208,000 visitors arrived in January 2011.

Stronger interest in land parcels are due to the increasing numbers of visitors.

The increase was boosted by business loans and consumer loans which increased 13.8% and 18.7% respectively.

For the period from 1 March 2011 to 31 August 2011, DC rates for Group A recorded the largest increase of 29% in Sector 9.

A new survey revealed that local hotel rates rose by 14% in 2010 on the back of higher visitor numbers and stronger Singapore dollar.

ISPs will be required to implement specific controls progressively as the Code comes into effect from 30 April 2011.

The bank warns that accommodation inflation will accelerate in 2011.