News

Here's why bosses should not fully trust their IT specialists

 Nearly half of Singapore’s IT Leaders do not even know when to update corp apps.

Here's why bosses should not fully trust their IT specialists

 Nearly half of Singapore’s IT Leaders do not even know when to update corp apps.

Singapore second most favorite destination in Asia for travelers to splurge money

What foreign group do you think tend to be the biggest spenders in Singapore?

Hotel occupancies to suffer from oversupply of rooms

Revenue per available room could then drop to SG$227-229 in 2013F-2014F after hitting a new high in 2012.

Home sales volume sets record low

Not only is it the lowest achieved this year but it also breaks the streak during which sales volume of private homes breached the 2,000-unit level since February.

Parcel business could deliver SingPost from mail decline

Quantium Solutions and vPOST will leverage on SingPost's regional footprint and already analysts are seeing growth prospects from these investments.

Restaurants, cafes and canteens tanked their April sales

Restaurant receipts slowed 3.3% while cafes and canteens dipped 2.5% as the F&B sector as a whole crashed 1.9% m-o-m.

Chart of the Day: Government keeps housing supply steady

Recently announced sites can yield a total of 14,200 residential units.

Singapore start-ups in Beijing get fresh government backing

Entrepreneurs venturing into the popular Chinese investment hub can consult with the new overseas chapter of the ACE.

New home sales to struggle with double-digit declines

Sales are likely to drop significantly in the second half of 2013, says Savills.

Hotel occupancies at a high of 87%

Major MICE events in April saw more tourists checking in Singapore hotels.

Private home sales plunge 31% to 1,702 units

New launches are unable to sell more than 50% of their units in the initial launch phase.

Long-term unemployment increased in Q1

The Ministry of Manpower says 14,000 or 0.7% of the resident labour force had been looking for work for at least 25 weeks in March.

Costs of environmental impact on business double once in every 14 years

If companies had to pay for the full environmental costs of their production, they would lose, on average, 41 cents for every US$1 in earnings, says KPMG.

Asia Pacific bucks downtrend in public relation investments

Firms worldwide cut spending in corporate communications, except for Asia which grew by 17%.

Stats for stay-at-home dads rising

Singapore culture is yet to catch up with the new-age parenting concept of staying-home dad and breadwinning mothers.

Hotels poised for lackluster performance in 2Q

April tourism figures less rosy than 1Q’s while channel check shows weaker 2Q, says OCBC.

Why CapitaMall Trust is catering to necessity shopping

73.1% of its malls' gross revenue came from this market segment in what is clearly a defensive strategy versus the downturn.