Singapore
Singapore GDP could slow to 2.5% year-on-year in the second quarter
The slower y-o-y growth for the Q2 compared to the 8.5% in Q1 is partly due to a strong base year and a volatile production that spells downtrend in technology and pharmaceutical sectors – a common scenario after a strong quarter says Moody’s Analytics.
Singapore GDP could slow to 2.5% year-on-year in the second quarter
The slower y-o-y growth for the Q2 compared to the 8.5% in Q1 is partly due to a strong base year and a volatile production that spells downtrend in technology and pharmaceutical sectors – a common scenario after a strong quarter says Moody’s Analytics.
Inflation woes to get worse
The impending rise of utility costs in Q2 and rising commodity prices mean the inflation battle is by no means over, OCBC said.
URA releases three residential sites
Residential sites at Flora Drive, Woodlands Avenue 2 / Rosewood Drive and Hillview Avenue had been released for sale today.
ComfortDelGro invests $31.2mn in third driving school in China
CD has acquired a new site in Liangjjang New Business District, Western China to establish its third driving school.
CapitaLand net profit soared 241% in 1Q 2011
Net profit for the period jumped from $29.8 million to $101.5 million.
HDB resale transactions fell 4% in 1Q 2011
Resale transactions fell to 6,228 cases from 6,454 in 4Q10.
Malaysian palm oil firm files defamation suit against Wilmar subsidiary
Pacific Inter-Link Sdn Bhd (PIL) issues a writ of summons against Wilmar Trading Pte Ltd (WTPL) for alleged defamation and unlawful interference with PIL's economic interests and businesses.
HDB launches largest supply of BTO flats since 2002
A total of 3,185 new flats are offered, comprising of 105 units of 2-room, 541 units of 3-room, 1,797 units of 4-room and 742 units of 5-room flats.
SMX to begin trading cash-settled AUD-USD, USD-JPY futures
Six consecutive monthly contracts of each currency pair will trade Monday to Friday from 10.00am up to midnight SGT starting from April 29.
Changi Airport appoints Lim Liang Song as CEO
Mr Lim, 51, will be the CEO of Changi Airports International with effect from 3 May 2011.
AXA Insurance Singapore appoints Chua Kim Soon as Principal Officer and CEO
His key responsibilities will be to maintain AXA's position as the to insurers in Singapore.
Inflation to hover around and above 5% in the coming months
Underlying demand-led pressures will join up with rising commodity prices to keep inflation readings on the high end for a while, HSBC said.
Home price index may increase by 8% for 2011
OCR will lead the way with 10% growth, said PropNex.
Inflation rises to 5.0% in March 2011
On a month-on-month basis, consumer price index rose marginally by 0.1 per cent.
Sembcorp Marine bagged $20mn worth of contract
Jurong Shipyard, Sembcorp Marine's subsidiary, has secured a contract from Golar LNG Energy to convert the LNG Khannur to a Floating Storage and Regasification Unit.
Industrial output to report a solid 23.8% for March 2011
It will further reinforce the point about a positive output gap in Singapore. said DBS.
Home prices up 2.2% in 1Q 2011
Prices of industrial, office and shop properties also increased by 8.3% 4.9% and 0.5% respectively.
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