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MAS survey says economy may expand 6.5% in 2010
Surveyed economists also predict a 9.7 percent increase in manufacturing after a 4.1 percent drop in 2009.
MAS survey says economy may expand 6.5% in 2010
Surveyed economists also predict a 9.7 percent increase in manufacturing after a 4.1 percent drop in 2009.
REIT markets post double digit positive returns
Attributed to the REIT model’s resiliency, real estate investment trusts are what's giving the property investment sector its way out of the economic downturn.
Lian Beng Group secures $144mln condominium deal
Awarded by UOL Development (Dakota) Pte Ltd, the design-and-build contract covers the construction of 616 apartment units.
Budget for health subsidies up 10% to $2.2bln
The Finance Ministry also topped up Medisave accounts, Medifund and Eldercare Fund by $710mln.
Lippo raised OUE stake via S$957mln deal
Lippo Group has raised its effective stake in Overseas Union Enterprise from 44 percent to almost 89 percent after buying out Malaysian billionaire Ananda Krishnan.
Singapore employers forecast healthy headcount growth
Survey shows the most robust hiring prospects are in the Finance, Insurance & Real Estate sector, where the Net Employment Outlook is +37%.
Qingmei launches IPO in Singapore at S$0.31/share
A total of 184 million shares, with net proceeds of approximately S$44.1 million, are part of Qingmei’s IPO in line with its proposed listing on the SGX Mainboard.
Manufacturing index up 0.5 points in February
Compared with January 2010, Singapore's Purchasing Managers' Index expanded and was at 51.9 points in the previous month.
Government introduces $250mln package for construction sector
The incentives will cover Workforce Development, Technology Adoption and Capability Development.
STB launches $5 million iDigital Scheme
The Singapore Tourism Board introduced the scheme to enable tourism businesses to be digitally-ready and build capabilities in e-commerce.
Marina Bay Sands team moves into property pre-opening
Team members of the Marina Bay Sands have started moving into the Heart-of-House (HOH) for final preparations before the resort's 27 April Preview.
URA launches tender for Yishun Avenue 6 site
The industrial site at Yishun Avenue 6 (Parcel 1) is now for sale by public tender with minimum bid price of S$11.5 million.
New property measures protect Singapore homeowners
Considered most notable is the extension of the second HDB concessionary loan to downgraders.
Singapore expects 12 million visitors for 2010
The Singapore Tourism Board (STB) announced its forecast for this year of S$17.5 – S$18.5 billion in tourism receipts.
OCBC Cycle Singapore raised over $35,000 for charity
Enthusiasts and professionals alike enjoyed a weekend of cycling to help the National Cancer Centre Research Fund and the Singapore Children’s Society.
StanChart profits up 4% to $3.38bln on strong wholesale banking
Client income, which made up 74 percent of all Wholesale Banking revenue, grew 22 percent to US$6.88 billion.
Asian REIT markets saw continued recovery in 2009
Aside from acquisitions, Singapore REITS also saw surge in fundraising activity through rights issues and new units placement.
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