News

Average price of luxury private homes drops 2% in 3Q11

Average price of luxury private homes drops 2% in 3Q11

Prices slipped from S$2,286 psf in 2Q11 to S$2,243 psf, in response to a slowdown in luxury home sales.

Singapore PMI may have slipped to 48.7 in September

Despite poor PMI data, Singapore’s manufacturing performance has been improving in recent months, led by the volatile bio-tech and pharmaceutical sectors.

Reduce reliance on low-skilled foreign labour: Mr Lim Hng Kiang

The Minister for Trade and Industry cited this as among the things Singapore needs to do for more sustainable and inclusive growth.

CapitaMalls Asia’s secondary listing in Hong Kong to begin trade in October

A filing to HKEx said no new shares will be issued as a result of the listing.

Guess what irks Singaporeans the most?

According to a survey, ‘people not taking ownership for their actions’ is the top office pet peeve for Singaporean professionals.

Qantas to heat up competition with Singapore Airlines

As Qantas is seeking to get a slice of the booming Asian aviation pie.

We cannot eliminate fraud: MAS Managing Director

Mr Ravi Menon said no regulator can totally prevent misconduct but stressed MAS “will leave no stone unturned to take rigorous action” against lawbreakers.

Health services receipts jump 9.2% to $8.9b in 2010

Western clinics accounted for a significant 59.3% of the health services industry in 2010.

Government launches productivity roadmap for precision engineering

This aims to raise the industry’s productivity level to that of advanced economies such as Germany, Japan and the USA.

Singapore’s population grows to 5.18m

This is a 2.1% increase from 2010 due to increased number of citizens and non-residents.

Japan is Singaporeans’ favorite travel destination

As 33% of Singaporeans will most likely travel to the country in the next two years.

Take this job and shove it: 3 out of 4 Singaporeans want to start their own business

This is a good sign for the future of Singapore, where SMEs contribute more than 50% of GDP.

Singapore hailed as most competitive IT market in Asia Pac

The country also clinched third place in global IT competitiveness.

ComfortDelGro to incur losses before reaping rewards of DTL

Analyst pointed out that it took the North East Line three years before becoming profitable.

Tiger to face a tough market in Indonesia, says analyst

The airline’s progress in Indonesia is viewed positively but described as “just the start of an uphill battle”.

Surprise, surprise: August industrial production growth far from expectations

With the consensus forecast at 11.2%, the 21.7% expansion was a welcome surprise.

Bored Singaporeans the world's heaviest Facebook users

Time to get a real life as study reveals that Singaporeans spend the longest time on Facebook worldwide, averaging 38 minutes and 46 seconds per session.