News
Bank loans up 16.1% year-on-year in January 2011
The increase was boosted by business loans and consumer loans which increased 13.8% and 18.7% respectively.
Bank loans up 16.1% year-on-year in January 2011
The increase was boosted by business loans and consumer loans which increased 13.8% and 18.7% respectively.
Development charges rates for commercial use increased by an average of 13%
For the period from 1 March 2011 to 31 August 2011, DC rates for Group A recorded the largest increase of 29% in Sector 9.
Singapore room rates rising faster than in HK and Beijing
A new survey revealed that local hotel rates rose by 14% in 2010 on the back of higher visitor numbers and stronger Singapore dollar.
IDA issued code of practice for internet infrastructure
ISPs will be required to implement specific controls progressively as the Code comes into effect from 30 April 2011.
MAS needs to stretch and flex: Morgan Stanley
The bank warns that accommodation inflation will accelerate in 2011.
Biomedical sector output fell by 8.9% in January 2011
For the first time in 4 months, biomedical sector dipped, but the January industrial production of 10.5% marks an encouraging start for manufacturing.
$1.1bn 20-year SGS bond re-opening fetched yield of 3.26%
The SGS bond had a 9bp tail to cut off at 3.35%, and a bid-cover ratio of 1.9x.
Manufacturing output jumped 10.5% in January 2011
However, the growth was not driven by the erractic pharmaceutical sector which actually declined 9.5% in January 2011.
80% of Singapore employees will barely feel their salary increase in 2011
A survey reveals that only 20% of the country’s workforce can expect to be paid 6% higher this year.
Home prices to drop 3-5% in 2011
This comes after private residential sales fell 10.7 m-o-m to 1,189 units in January.
January PMI seen to swell to 9.6% YoY
The industrial production index for the previous month due today grew from a mere 9% in December.
Technical consumer goods market grew 4% in 2010
Singaporeans are not tech-savvy enough compared to the Hong Kong market which registered a 14% growth.
31% of Singaporeans commuted to work by MRT in 2010
However, those who used the public bus to commute to work declined from 25 percent to 19 percent.
Singapore real estate investment sales up 65.7% in 2H 2010
A total of $21.77 billion worth of sales transactions were concluded during the second half of 2010.
Mainland Chinese buyers of residential properties in Singapore reach record 23% in Q4 2010
The proportion of mainland Chinese buyers rose 3% in Q4 2010 from 20% a quarter ago.
Spike in crude prices may slow economic growth in Singapore
The other big issue about oil, apart from the risk of inflation, is its potential impact on growth.
Banyan Tree braces for a bumpy 2011
A weak European economy and the continuing political instability in Thailand pose challenges for the leisure property developer.
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