Singapore
No go loan zone: Loan growth to slow in second half 2011
Singapore banks recorded 2Q11 sequential loan expansion of between 7% and 10% won’t last for long.
No go loan zone: Loan growth to slow in second half 2011
Singapore banks recorded 2Q11 sequential loan expansion of between 7% and 10% won’t last for long.
Encouraging sales for MCL Land’s Terrasse continue despite the hungry ghost festival
13 more units were snapped up from Aug 1 to 14, making the 99-year leasehold development in Hougang Avenue 2 now almost 70% sold.
August likely to be inauspicious for home developers-- and not just because it’s Ghost Month
More than superstition, the rating downgrade of US debt and the EU’s continuing credit woes show that now is not the best time to buy houses.
Private home sales volume surges 40% in July
And guess which are the top four projects accounting for about 41% of the total number of units sold.
Social media help brands connect with their customers
SMWF Asia offers an in-depth insight into how brands and businesses across Asia are using channels like Facebook and Twitter to connect with their customers.
Singapore’s retail sales rise 1.6% in June
Food and beverage sales also increased by 1.5%, according to a report from Singapore's Department of Statistics.
Clerodendrum Land gets Upper Serangoon Road / Pheng Geck Avenue (Parcel A) site
The developer outbid 14 others with its $185m offer.
Macroeconomic factors to put brakes on Asia Pac’s transport sector
Higher oil prices, such as the 46% increase in jet fuel prices, have lowered companies' profitability.
MasterCard appoints Debra Janssen as managing director
She will manage MasterCard’s Access Prepaid Worldwide subsidiary, effective immediately.
Government to tighten further on foreign workers
The Prime Minister however warned that tightening on foreign workers does not mean Singaporeans will automatically get better jobs or higher pay.
Income ceiling hike within market expectations
Income ceiling increased from S$8,000 to S$10,000 for BTO flats and from S$10,000 to S$12,000 for executive condos.
Genting’s net profit drops 20% to $243m
Its revenue also fell 21% to $729m in 2Q11.
More flats to curtail interest in Singapore’s cautious property market
7,000 more rental flats and 25,000 BTO flats will be available in two years.
Parcel 3 at Woodlands Avenue up for sale
The tender for the site will close at 12 noon on 13 September 2011.
SingTel dividends a ‘defensive safe haven’
Despite SingTel’s disappointing 1QFY Mar12 results, the stock remains defensive against market turmoil with a 6% yield.
What to do with Asian central banks’ FX reserves?
In May 2011, roughly 33% of non-Japan Asia reserves were parked in US treasuries.
CapitaLand subsidiary put under members’ voluntary liquidation
CapitaLand China Holdings (Commercial), a subsidiary incorporated in Singapore, has been dormant since 2010.
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