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Temasek: Our share of Singapore economy only about 10%
The investment firm made the clarification amidst “mistaken claims” that Temasek’s stake in the Singapore economy could be almost 60%.
Temasek: Our share of Singapore economy only about 10%
The investment firm made the clarification amidst “mistaken claims” that Temasek’s stake in the Singapore economy could be almost 60%.
Singapore may have only 80k-85k new jobs for 2012
From 110k-115k jobs initially, an analyst now expects less jobs due to US and EU’s credit woes.
Labor market growth likely to be gradual in 2011
The unemployment rate in Asia peaked in late second half of 2009 and has since drifted lower, says UBS.
Non-oil domestic exports drop 2.8% in July
And electronic exports plunge 16.9% as key electronic products recorded weaker sales.
Soft patch: Property sales volume to soften in coming months
The property market sentiment is apparently less optimistic than perceived.
Ka-ching! Asian private consumption resilient with 5% growth
This typically accounts for 50-60% of GDP, except in China and Singapore.
GDP growth in Asia to ease in 2011 to a decent 7.2%
And Singapore is one of the six Asian economies which reported 2Q GDP registered sequential
CapitaLand buys Hangzhou prime residential site for S$213.27mn
The site has potential gross floor area of 80,105 sq.m. located in the city’s upcoming Grand Canal central business district.
Singapore tightens employment pass eligibility requirements
New employment policy will maintain the foreign share of the workforce at only one-third.
Cozy condos: Executive condo sales up 21% to 1,362 units
Thanks to the whopping 125% MoM jump in sales in the rest of central region.
Singapore Exchange launches Reach trading engine
Reach offers 10 times more capacity with ultra-low latency of less than 90 microseconds.
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.
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.
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.
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.
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.
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