Singapore
Average Singaporean now earns $2,500
Singaporeans should be happy with their monthly income rising by 4.2% over the year. According to OCBC, the median monthly income of residents in full-time employment rose faster than the marginal growth of 0.5% in 2009.
Average Singaporean now earns $2,500
Singaporeans should be happy with their monthly income rising by 4.2% over the year. According to OCBC, the median monthly income of residents in full-time employment rose faster than the marginal growth of 0.5% in 2009.
Singaporeans racking up more credit card debt
Credit card bills increased by 16.6% mom to $2.6b, according to OCBC. On the other hand, bad debts fell to 10.6% mom to $14.3m. Monetary aggregates accelerated to 17.9% yoy(M1) and 10.0% (M2) respectively in Oct, up from 17.1% and 8.2% in September.
Singapore Airlines Cargo pleads guilty to price fixing scam
The cargo division of Singapore Airlines agreed to pay S$63.4 million or US$48 million as criminal fine for US price fixing scam. According to Reuters, U.S. Justice Department said that Singapore Airlines Cargo plead guilty for the price fixing scam. The plea and the payment of US$48 million should be approved by the U.S. District Court.
Singapore's labour force participation rate up to 66.2%
The median monthly income from work of residents in full-time employment up 4.2% to $2,710 in 2010.
A*STAR to position Singapore as an innovation hub for oil and gas equipment sector
A*STAR and local universities collaborate to develop R&D capabilities in oil and gas equipment sector to support local marine and offshore industry.
DBS customers with StarHub plans to initially use NFC Mobile Payment Solution
Trialists can make everyday mobile payments, including bus and train fares, with their existing mobile handsets.
CrimsonLogic and IDA International to market Government eBusiness procurement platform
Public sector organisations utilising the platform can achieve greater transparency and fairer competition.
Singapore businesses to expand on 2011
97% of businesses in Singapore perceive their domestic regulatory and taxation environment to be business friendly. According to ICAEW Global Enterprise Survey 2010, Singapore businesses are most positive about the impact of continuing globalisation.
Mobile broadband overtakes Wi-Fi
70% of consumers rated mobile broadband as an important service despite having access to free public Wi-Fi. This is according to Acision’s research which was conducted by Toluna.
MPA and Temasek Polytechnic unveils new maritime fuel cell research project
Partners released research $6mln funding on the project that focuses on research, development, test-bedding and eventual commercialisation of fuel cell applications for the maritime industry.
URA put on sale industrial sites at Kaki Bukit Road and Tuas View Square
The two sites are among those to be released for sale under the Reserve List of the 2nd half 2010 Industrial Government Land Sales Programme.
Food and Beverage industry total operating receipts give 0.7% increase
An increase of up to $5,609 million came in for the total operating receipts in the Food and Beverage industry. However, according to the Singapore Department of Statistics, a decrease of 1.6 per cent came in for the operating receipts on a per establishment basis.
Employees to Singapore companies: It's bigger bonuses or goodbye
50% of Singapore companies are scrambling for ways to retain employees as 67% of them report of increasing attrition rates in 2010 due to employees being pirated by competitors offering more attractive salary packages.
Singaporeans seen to spend more on consumer goods, rent in 2011
Jones Lang LaSalle said the 6% y-o-y increase in retail sales in July 2010 and the 18% y-o-y increase in tourism arrivals indicate renewed consumer confidence and growth for retailers in the next 12 months.
Technics' subsidiary clinches S$25.6m contract
Norr Systems Pte Ltd, a 51% owned subsidiary of the compression systems provider, will construct two turnkeys and service two vessels for the next seven years.
Asia Square unveils five star hotel for business travelers in Marina Bay area
Premium integrated commercial development signs on Westin for an urban oasis in the New Downtown as part of Asia Square’s Work, Play, Live, Grow concept.
S-REITs told not to cry even as tenants are saying goodbye
Moody’s says the negative impact brought about by the current trend of commercial tenants shifting into newly built offices and out of properties owned by S-REITs should be only temporary.
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