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2011 inflation forecast at 2.9%
While a 5.1% growth is to be expected, according to the latest MAS survey of professional forecasters. The growth and inflation for 2010 is 15.0% and 2.8% respectively.
2011 inflation forecast at 2.9%
While a 5.1% growth is to be expected, according to the latest MAS survey of professional forecasters. The growth and inflation for 2010 is 15.0% and 2.8% respectively.
2010 IPOs to exceed US$300bln
Surpassing the 2007 record of US$295 billion, total global IPO proceeds for this year are backed by Asian issuers raising the most capital.
Punggol residential site sold at $363m
Sim Lian Land and Sim Lian Development closed the tender for Punggol site at $406psf ppr.
1% of Singaporean companies still in recession mode
While 44% of Singaporean companies said that they have emerged from recession mode and are back in growth mode.
CapitaLand sold 205 apartments
CapitaLand has sold 153 units more last week at the d'Leedon.
Singapore investment deals top $10.6b
An increase of up to $32.5b came in this year due to the rise of investment deals of at least $5m each.
Singapore salaries seen to surge 4.4% in 2011
Banking industry is back in 2010 with the highest salary increases among all industries surveyed as higher rate of turnover reported across industries, compared to last year.
MAS’ attempt at currency control is mission impossible: DBS
DBS says the central bank’s US$17bn intervention in currency markets in October is part of its attempt to do the impossible— to control the currency and interest rates at the same time that capital is free to come and go.
DBS asset management acquires 7.25% interest in Nikko asset management
Nikko Asset Management will obtain DBS Asset Management for S$137 million in their signed agreement to combine both asset managements.
Overseas Union Enterprise unveils OUE Bayfront
The group’s office tower at 50 Collyer Quay achieves close to 60% take-up as project is due for completion in first quarter 2011.
Jurong Shipyard set to deliver drilling rig to Atwood Oceanics
The ultra-deepwater semi-submersible rig rated for 10,000 feet water depth is Atwood Oceanics’ second rig order with Jurong Shipyard.
MAS spends US$16.8bn to stop SGD strengthening
The central bank pumped US$8.2bn in the spot market and US$8.6bn in the forward market in October to keep the currency from appreciating beyond the bands that govern it.
Keppel expects 4.0% net profit growth for FY2012E
Keppel Corporation said year-on-year increase of 9.6% in net profit is expected for FY2010E. A slow and steady growth in its net profit is forecasted for the next three years. They forecast year-on-year increases of 2.3% and 4.0% in net profit for FY2011E and FY2012E.
CapitaLand divests 163 units at The Adelphi for $218.132mln
The group expects to generate an after-tax profit of about S$15.7mln.
Singapore new orders up 1.6 points
A PMI of 51.2 came in for November, according to OCBC. This is higher than October's PMI which is 50.7.
Singapore ranked Asia Pacific's 3rd biggest in investment volume
A huge rise of 358% growth in investment volumes was recorded for Singapore. According to Jones Lang LaSalle's Capital Markets Bulletin, this growth came from several large transactions in 3Q10.
Ascott unveils first Citadines Serviced Residence in Indonesia
Citadines Quartier Jakarta is Ascott’s 15th Citadines property to open in Asia Pacific.
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