News
Budget surplus to exceed $6bln in FY2010
Rising tax receipts and a buoyant economy pulled the budget surplus higher, setting the stage for a generous FY2011 budget.
Budget surplus to exceed $6bln in FY2010
Rising tax receipts and a buoyant economy pulled the budget surplus higher, setting the stage for a generous FY2011 budget.
Inflation may reach 5% in 1H 2011
Increasing commodity prices may exacerbate the CPI inflation, OCBC said.
December exports recover from November slump
Demand for non-oil domestic exports in December rose 8.9% on-month and 9.4% on-year.
Singaporeans would rather travel than eat
Travel remains the top spending priority of Singaporeans, with 64 % saying it was the last category of discretionary spending they would cut.
Almost half of Singaporeans own a second property
According to OCBC, ST reported that 4 in 10 homebuyers in Singapore hold more than 1 property loan in the first 11 months of 2010.
Scrimping Singaporeans lag Asia in spending on dining and entertainment
A new survey from Mastercard has found that whilst 69% of consumers in Asia Pacific planned to spend on dining and entertainment this year, in Singapore the figure was just 58 per cent.
SGX lists Zhongmin Baihui Retail on Catalist
The retailer’s listing to SGX adds numbers of companies catering to Chinese consumers.
Changi Airport posts record 42mln passengers in December
Monthly traffic crosses 40-million mark for first time in history in December as airport sees double digit growth registered for cargo movements in 2011.
Sembcorp Marine's subsidiary clinched US$182mln contract
PPL Shipyard signed another turnkey contract to build a jack-up rig with Atwood Oceanics Pacific Limited.
Singapore ranked third most active in Asia Pacific investments
China remained the most liquid market in Asia Pacific in 4Q 2010, accounting up to 50% of the activities in the region.
No rest for the well-paid as Singapore Exchange will introduce continuous all-day trading
To enhance access to companies listed on SGX, trading hours will be from 9:00am to 5:00pm.
CapitaCommercial Trust distributable income up 11.3% in FY2010
Distributable income came in at $221 million, according to CapitaCommercial Trust Management Limited.
Singapore Exchange securities daily average value forecast at $1.9bln for FY11
After consistently disappointing Phillip Securities' estimates, Phillip Securities lowered their SDAV estimates for 3QFY11 and 4QFY11 to $2 billion.
Singapore Airlines load factor dropped 3.6ppt in December 2010
The lower load factor was attributed to smaller volume of lower fare promotions.