News

Hyflux bent on capturing China market by 2014

The utility company aims to derive 40% of its total revenue from Asia's largest economy as the Chinese government gears to double its spending on water conservancy projects.

Hyflux bent on capturing China market by 2014

The utility company aims to derive 40% of its total revenue from Asia's largest economy as the Chinese government gears to double its spending on water conservancy projects.

36% of companies to hire more employees in 2Q11

For most employers, this entails a 5-10% increase to current staff numbers.

Insurers attained 45% growth in 1Q 2011

The $460 million weighted new business premiums was spurred by robust sales across all products.

Parkway REIT unshaken by Japan tragedy

Revenue contributions from 12 Japanese nursing homes boosted the company's NPI 14.6% YoY to S$19.7mln.

More than half of Singaporeans wary of cooling measures' success

58.4% of survey respondents are undecided whether the measures will succeed in cooling Singapore's red-hot property market.

Number of employed jobseekers drop to 2,800 in 1Q11

The figure is down from the 4,800 job seekers place in the same period last year.

Trend shows PAP win tied to STI gains

Data from past polls show the index typically outperforms if the percentage of votes won by PAP is high, said DMG Research.

Policy risks hang over Roxy Pacific's latest launches

Sales might be strong for the Toh Tuck Road project, but OCBC Research says policy overhang might slow down the company's momentum.

Manufacturing PMI surged 2.4 points in April 2011

The PMI grew more than expected to 52.5, after slipping for the last two consecutive months, said OCBC.

SGX average daily trading volume rose 12% in April 2011

Futures & options average daily trading volume rose from 224,575 to 252,401.

Marriott to launch membership program in Asia with free internet access as benefit

The hotel chain's executive vice president Asia Pacific & Australia, Craig Smith, says this programme change is a great incentive for frequent travelers.

Stocks selling at a bargain as GE nears

Various developer stocks are currently trading at a sharper discount to their book value, or at a smaller premium than before.

Government raises income limit for BTO flats to S$10,000

Prime Minister Lee Hsien Loong indicated that couples who were about to exceed the current $8,000 ceiling may "get some relief".

Industrial leases soar in 1Q11 despite rates increase

1Q11 average monthly rent for island-wide industrial properties rose 3.27% QoQ and 23.4% YoY to $1.58 psf, according to CBRE.

KKR in talks to buy Oceanus

The deal to privatise the abalone farmer is worth ~US$500mln (S$612.5mln), according to various sources.

Singapore hotel room rates to increase by up to 15% in 2011

The STB's target of 12 million to 12.5 million visitors is expected to be met this 2011, said CBRE.

ST Electronics to divest interest in subsidiary

ST Engineering's electronic arm entered into an agreement to sell its entire 51% equity interest in Brightspot Interactive Learning Pte Ltd (BSIL).