Singapore

Through the listing of Dyna-Mac Holdings, Singapore Exhchange boosts its maritime and offshore cluster.

The order book closed after registering approximately US$1.8 billion of interest and was oversubscribed by more than three times.

The Company submitted the highest bid of $41,399,900 in the tender for the site.

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.

Hiew Yoon Khong and Grant Lewis Kelley have completed their terms of office and will step down from the SDC Board.

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

Billings fell 11.9% month-on-month to $2.8 billion, according to OCBC.

The Urban Redevelopment Authority has placed a 1.4-hectare site at Hillview Avenue for commercial and residential use up for public tender. It has a potential housing yield of 370 units while up to 15 per cent of the total gross floor area can be put to commercial use.

Thailand topped the ranking with an overall financial literacy index of 73.9.

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.

Two units of self erecting tender drilling rig will be constructed by COSCO Shipyard.

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.