News
CIMB ceases merger talks with RHB
“Based on our various discussions and our assessment of the present expectations of key stakeholders, we do not believe that we will be able to arrive at a value creating merger, said Dato’ Sri Nazir Razak, Group Chief Executive, CIMB Group.
CIMB ceases merger talks with RHB
“Based on our various discussions and our assessment of the present expectations of key stakeholders, we do not believe that we will be able to arrive at a value creating merger, said Dato’ Sri Nazir Razak, Group Chief Executive, CIMB Group.
Property Shocker: West Coast property bid comes in below 20% forecast
The top bid for a URA residential site opposite West Coast came in at $175.8m or $461 per square foot per plot ratio, compared to analysts’ forecast of $580 psf ppr.
Inflationary pressures won't ease significantly: HSBC
This amidst robust demand conditions and the tightness of labor markets.
Singapore is still Asia’s leading business hub
The country ranked 9th amongst the best cities for doing business.
70% of Singaporeans are shopaholics
Shopping becomes a national pastime with 80% of Singaporeans unable to resist a good bargain.
Singapore clinches 2nd place in consumer confidence survey
The country got 77.9, just 0.4 points from China who took the top spot.
4,000 new homes to be sold in Q2
This would be 11.3% higher than Q1’s sales volume of 3,595 units, says CB Richard Ellis.
Bank of Singapore Centre opens at Raffles Place
BoS expands as its earning asset base delivers strong growth in the first five months of 2011, reaching US$36.3 billion.
Singapore conquers wealth management in Asia
The country is expected to rise as the new center of wealth management in the world, overtaking Switzerland and London in the next two years, says PwC.
85% of Singapore SMEs are looking to expand in China
China was Singapore's second largest partner in 2010, with total trade amounting to S$95 bn, says HSBC.
Hong Kong’s loss is Singapore’s gain
Shortage of office space in Hong Kong is driving expanding companies to set up their regional bases in Singapore.
"Will you marry me?" Seems like less said yes in 2010
Not only did the number of marriages fall, divorces rose with “unreasonable behaviour” as one of the top reasons.
Singapore’s GDP falls by 3.7% in 1Q11
Real GDP estimates, on the other hand, have been raised between 5% and 7% from the previous 4% to 6%, according to AmFraser’s report.
What’s next for CapitaMalls Asia after its $2bn shopping spree in 2011?
According to Phillip Securities Research, it is targeting to increase its portfolio of malls in China from the current 53 to 100 in five years.
25% of managers hope to avoid a devastating price war
And almost 50% of executives thought that they could effectively manage an increase of 3% or more during the next 12 months.
Collective sale market revives on lowered prices
The recent en-bloc at Braddell Park for $665 psf is encouraging others like Brookvale Park to seek a sale at $950 psf, notes DMG.
Flights at Changi Airport soared by a record 12.8 % to 24,994 in May
Passenger traffic also increased by 11.3% to 3.77m.
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