Singapore

Something for everyone in Singapore Budget 2011: Ernst & Young

Lower income families, middle income earners and SME Businesses biggest winners in this year's budget.

Government to spend $520m for businesses to enjoy lower tax

Singapore businesses will be allowed to deduct 400% of their expenditures from their taxable income.

ST Engineering subsidiary bags US$60m worth of contract

VT iDirect, ST Engineering's US Subsidiary, will provide satellite Ground Network Infrastructure and end-user terminal technology for Inmarsat's forthcoming Global Xpress service.

OCBC Group achieved record profit of $2,253mn in 2010

But profit for fourth quarter last year posted an 11% quarter-on-quarter decrease.

A record US$5bn poured into Singapore real estate investment in 4Q 2010

Real estate investment volume in Singapore accounted for 31% of Asia's total volume for the last quarter of 2010.

Will Singapore crack the $1trillion trade market in 2011 ?

If trade grows by 1 per cent over  the government forecast of 8 to 10 %, SIngapore will have made it into the elte club of nations whose trade exceeds US$1tn.

Total trade skyrocketed to $902bn in 2010

Singapore’s total trade rose by 21 per cent in 2010 after a decline of 19 per cent in 2009.

Singapore economy will expand 5% in 2011:OCBC

The IR-tourism sector, healthy FDI and generous FY2011 budget may push the economic growth on the higher end of the official 4 to 6 % forecast.

PUB and Ontario government inks MOU on clean water technologies research

Both Singapore and Ontario target of becoming centers for water technologies that drive innovations through research, testing and application of emerging technologies.

SGX, ASX revamp merger proposal

SGX and ASX made changes to their merger proposals in a bid to boost the deal's chances of getting regulatory approval in Australia.

SIA revises pay cut offer for rehired pilots

Singapore Airlines has accepted the Ministry of Manpower's proposal to use the 'effective mid-point' of the pilots' salary band as the base salary for rehired pilots.

Capital Square expects bids of up to $2,500psf

The succesful transaction of Capital Square should help to lift property valuation in the vicinity, said DBS.

2 Havelock Road up for sale for $302mn

AEW, the seller, has carried out an extensive refurbishment by increasing its NLA by about 20 percent.

Singapore Changi Airport passenger movements up 11.9% in January 2011

Traffic on low cost carriers grew 27% compared to a year ago.

72 % of Singaporean companies are budgeting a pay rise for staff

But its not all good news, with 41% of companies having no plans to hire and 6% planning to fire staff this quarter.

Exports fell 2.2% in January m-o-m, but still up 20% for the whole year

The better-than-expected y-o-y growth was led by electronics and pharmaceuticals.