News
Businesses to enjoy tax savings one year in advance
Businesses to enjoy tax savings one year in advance
Minister for Finance Tharman Shanmugaratnam decided to allow tax deferrals that will allow businesses to obtain cash in the same year as their investments.
Local manufacturers likely to be more cautious when it comes to hiring intentions:OCBC
The mixed February manufacturing PMI readings suggest that the post-CNY growth momentum may not be all smooth-sailing.
Singapore luxury residential markets capital values remained stable in 4Q 2010
Prices remained stable for the second consecutive quarter as buyers remained cautious after recent government tightening measures.
Electronics PMI surged to 52.6 in February 2011
PMI gained 1.8 points, marking its fourth month in expansion territory above 50.
Manufacturing PMI rose 1.8 points in February 2011
After retreating for the last two months, manufacturing PMI rose to 52.3.
13mn visitors expected to arrive in 2011:DBS
Hotel RevPAR of $205 per night, a 12% hike compared to 2010, is also expected this year.
Hotel industry remains robust with average occupancy rate of 82%
Average room rate continues to hold, as it inches up slightly to $224 per night.
Across-the-board rises in development charge rates may backlash on enbloc transactions:DBS
Rising land costs and the limited ability to raise ASPs in the near term could erode margins.
International visitor arrivals to Singapore up 16.2% in January 2011
Indonesia remains Singapore's top visitor-generating market with 208,000 visitors arrived in January 2011.
Increasing numbers of visitors pushed higher development charge rates for hotel sites:CBRE
Stronger interest in land parcels are due to the increasing numbers of visitors.
Bank loans up 16.1% year-on-year in January 2011
The increase was boosted by business loans and consumer loans which increased 13.8% and 18.7% respectively.
Development charges rates for commercial use increased by an average of 13%
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.
Singapore room rates rising faster than in HK and Beijing
A new survey revealed that local hotel rates rose by 14% in 2010 on the back of higher visitor numbers and stronger Singapore dollar.
IDA issued code of practice for internet infrastructure
ISPs will be required to implement specific controls progressively as the Code comes into effect from 30 April 2011.
MAS needs to stretch and flex: Morgan Stanley
The bank warns that accommodation inflation will accelerate in 2011.
Biomedical sector output fell by 8.9% in January 2011
For the first time in 4 months, biomedical sector dipped, but the January industrial production of 10.5% marks an encouraging start for manufacturing.
$1.1bn 20-year SGS bond re-opening fetched yield of 3.26%
The SGS bond had a 9bp tail to cut off at 3.35%, and a bid-cover ratio of 1.9x.
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