News

Singapore industrial real-estate investment trusts' expansion into China poses risk:Moody's

The competition for industrial properties in Singapore is intensifying, said Moody's.

Singapore industrial real-estate investment trusts' expansion into China poses risk:Moody's

The competition for industrial properties in Singapore is intensifying, said Moody's.

Singapore bank loans to grow by 10%:Moody's

Banks are expected to produce solid profits during the next 12 to 18 months against a backdrop of moderate and sustainable GDP growth.

Inflation forecast at 3.8% for 2011:OCBC

The lower-than-expected February inflation does not affect OCBC's inflation forecast for this year.

Bank of America global commodities staff exodus continues

Two senior executives of BofA have gone from Singapore including some sales staff according to Reuters.

ST Engineering required to pay $129mn

The company could be liable for damages up to 10% of the Ropax contract value.

Singapore trade marginally hit by Japan quake calamity

Near-term disruptions in the Japanese logistic supply and production network may cause minimal impact on Singapore's bilateral trade.

Singapore office property market up 8% quarter-on-quarter in 1Q 2011:Colliers

Average monthly gross rents Grade A office space reached S$9.72 per sq ft in 2011.

Inflation rose by 5% year-on-year in February 2011

The CPI fell marginally by 0.1% over January 2011 as a result of lower cost of transportation.

Government to toughen up on Credit Rating Agencies

The MAS released a proposal to regulate the CRAs to meet international standards and practices.

Singapore will contribute 3% of world's total new office supply in 2011:CBRE

CBRE forecasts that 62% of all new office developments in 2011 will take place in Asia.

Singapore office market gross effective rent up 29% year-on-year in 1Q 2011

The average CBD Prime Grade A gross effective rent showed an increase of 7.0% q-o-q to $10 per sq ft per month.

Singapore radiation level safe

The likelihood of any radioactive plume reaching Singapore remains very low.

Government expects 12-13mn visitor arrivals in 2011

Singapore Tourism Board also forecasts $22-$24 billion worth of tourism receipts in 2011.

Singapore gaming market almost inflation-proof:Moody's

The current inflationary environment with strong economic growth will not adversely affect gaming operators in Macau, Singapore, and Malaysia.

Inflation impact on Asian corporates is limited:Moody's

Moderately higher inflation is credit negative, but will not exert rating pressure on most Asian corporates in the near term.

Mapletree puts $1bn IPO plans on hold

Mapletree Investments has postponed its planned commercial REIT IPO due to volatile markets arising from the earthquake and tsunami in Japan.

Commercial landlords to benefit from strong recovery in capital values

Prime Grade A office rents have continued to inch up in recent months, albeit at a slightly moderated pace.