News
Orange Tee sold half of "Everitt Edge" since March 19 launch
EXCLUSIVE: 18 out of 36 residential units have been sold in under 2 weeks. According to the property developer’s Senior Group Associate Director Roy Chang, the Orange Tee received “overwhelming” response driven primarily by a low interest rate environment and increase in household incomes.
Orange Tee sold half of "Everitt Edge" since March 19 launch
EXCLUSIVE: 18 out of 36 residential units have been sold in under 2 weeks. According to the property developer’s Senior Group Associate Director Roy Chang, the Orange Tee received “overwhelming” response driven primarily by a low interest rate environment and increase in household incomes.
New home take-up dropped to 3,200-3,400 for the year
The result is 20-25 percent lower than the 4,241 units sold in Q4 of 2010
Olam bags $1.3bn gas deal with Gabon
The agreement with Gabon is to set up a port-based Ammonia-Urea complex.
Government issues $2.5bn worth of SGS bonds at auction
This will be the largest 5-year SGS bond issue in 3 years.
Average resale price of leasehold condominiums inched up by 0.8% in Q1 2011:DTZ
The average resale price of freehold non-landed condiminiums in the prime districts of 9, 10 and 11 rose by 0.4% quarter-on-quarter.
Manufacturing growth forecast at 6% in 2011:OCBC
OCBC retains their forecast for 2011 manufacturing growth despite the 3.1% yoy decline last month.
SPRING provided $20mn worth of assistance last year
The money was used to assist 69 start-ups through various programmes.
Government suspends import of fruits, vegetables from Kanto Region in Japan
Radioactive contaminants have been detected in another two samples of vegetables.
Changi Airport sees 3.4M passengers sent off in February
Changi Airport saw 3.4 million passengers pass through in February. This is a 9.1 per cent increase from the same period last year and is attributed to the long Lunar New Year weekend. This puts the total passenger movement for the first two months of the year at 7.2 million.
Singapore economy to slow down in 2011:HSBC
HSBC believes Monetary Authority of Singapore will remain in tightening mode.
Singapore's manufacturing output up 4.8% in February 2011
Engineering industry expanded 30.7% y-o-y in February 2011, according to EDB.
Strong investor appetite moves CapitaMall Trust to raise a further $100mn in $350mn bond issue
The lead manager has upsized the option in full due to favourable demand for the convertible bonds.
Radioactive food from Japan detected in Singapore
Singapore said on Thursday it had found radioactive contaminants in four samples of vegetables from Japan.
Open Door Fund to receive $3.5mn for disabled employees
Employers who will be hiring staff with disability can claim up to $100,000 for such expenses incurred.
Production growth to pick up by 12.2%
Industrial activities will see a slight improvement from the 10.5% value in the previous report.
ST Engineering counters termination of contract
LDA's cancellation of contract is a breach so they are cancelling the Ropax contract on the basis of LDA's breach.
Insurance underwriting profits up 4.4%
Singapore's general insurance industry recorded a gross premium income of S$3.03 billion in 2010, up 3.7 per cent from the previous year. This was announced by the General Insurance Association of Singapore.
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