Singapore

GDP figures disappoint but no need to panic yet

Second quarter YoY GDP growth of 1.9% is still healthy amidst sluggish global economy and the eurozone crisis, says IG Markets Singapore.

GDP figures disappoint but no need to panic yet

Second quarter YoY GDP growth of 1.9% is still healthy amidst sluggish global economy and the eurozone crisis, says IG Markets Singapore.

STI drops 0.6%

The index headed into a consolidation mode, says OCBC Investment Research.

Singapore economy hits bleak 1.9% raise

This measly growth is lower than the expected 2.3% expansion.

Chart of the Day: High-end rent getting cheaper?

Tracking by Savills revealed rents of high-end non-landed residential properties fell for four consecutive months.

Yongnam bags S$63.8M in steelworks and tunnel contracts

Two of these are Singapore contracts for a 40-storey commercial development in Market Street and a mall revamp in Marina Bay.

Singapore jewellers urged to go mobile

Trade Minister Lee Yi Shyan points to a growing but untapped market who shop jewellery via their smartphones and iPads.

ST Aerospace seals $80m repair contract with AirAsia

ST Engineering’s aerospace arm will provide maintenance support for AirAsia's A320 aircraft fleet over a 10-year period.

Drab no more: Changi Terminal 1 completes $500M renovation

Extensive upgrades to Changi's oldest and busiest terminal have drastically improved its interior design and passenger comforts.

CIMB purchase of RBS India hits legal wall

An "unexpected legal issue" has forced RBS to drop its India business from an ongoing bulk sale and purchase agreement.

Office space capital values crumble due to rent easing

Even the Raffles Place/New Downtown micro-market's values will slip by 5% end-2012.

Retail sales to boost Singapore visitor arrivals by 9.9% end-2012

The 1.8% YoY growth in sales index is projected to help STB reach its visitor projection of 13.5 to 14.5 million.

Prime industrial property prices to surge by 9% in 2H12

Both prime conventional and high-specs premises will also increase by 0.5%.

Is volunteerism dead in Singapore?

The World Giving Index 2011 ranked Singapore 91st among the 153 countries surveyed but here’s why locals can hope for upturn this year.

M1 lags among telcos due to lack of bundled services

Analysts believe though that this concern is overdone - but on what grounds?

Raffles Hospital to increase rates in 2H12: CIMB

Competitors like Mount Elizabeth and Gleneagles charge 34% and 20% more on average for their services over Raffles Hospital.

M1's net profit may slump 2.8% to S$41.6m in 2Q12

But the increased NBN connection rate would benefit M1 most, says CIMB.

Dairy Farm milking its Singapore cash cows

The company achieved 12% sales CAGR, higher than peers' average of 8%.