News

Property tax changes benefit low income earners: PropNex

PropNex CEO Mr Mohamed Ismail said the Budget 2010 aims to level the playing field further, especially for the lower-income bracket households.

Warren Buffet's 2ic praises Singapore in parable about America gone wrong

Charles Munger lauds the concept of good regulation in the form of a "good father" "Benfranklin Leekwanyou Vokker" as the right way to run an economy as America sinks into the abyss. Munger is Warren Buffet's right hand man at Berkshire Hathaway.

Resorts world to lease Tiger planes

Resorts World has entered into a deal to lease its first plane from Tiger to fly in the punters from around Asia starting later this year.

Measures take effect to ensure a stable property market

The Government introduced a Seller’s Stamp Duty (SSD) and lowered the Loan-to-Value (LTV) limit to 80% for all housing loans.

OCBC 2009 profit up 12% on non-interest income surge

37% growth in non-interest income together with lower cost-to-income ratio helped lender earn S$1,962mln.

75% of Singaporeans satisfied with current beauty spending

91% don’t follow trends without thorough beauty product knowledge as prudent Singaporeans seek more holistic benefits.

2010 growth forecast pegged at as much as 6.5%

Expectations are higher with the Ministry of Trade and Industry revising its forecast following the 4% GDP expansion during the last quarter.

Roxy-Pacific Q4 2009 profit up 104% to S$5.9mln

87% rise in Group’s property development propelled profit to S$5.9mln in Q4 2009 amidst economic downturn.

2010 will be year for holidays for Singaporeans

Survey revealed more Singaporeans are planning their holidays this year compared to 2009, with regional destinations being more popular.

Foreign students biggest losers as government puts citizens first

All Polytechnics in Singapore announced the fee for local students will rise by $50 this year whilst PR's will pay up to $800 more and foreigners up to $1070.

Singaporeans gambled ‘til they dropped

Singaporeans gambled ‘til they dropped, then slept on the floor, then gambled some more, to maximise their 24 hours under the $100 levy system.

Sembawang Shipyard secures S$130mln contracts

Sembawang Shipyard, Sembcorp Marine's subsidiary, renewed its long-term contract with Eitzen Group and won others worth S$130mln.

Singapore's 2009 private homes transactions grew by 131%

Country manages jump in private homes transactions despite 47% plunge in quarter-to-quarter sales in 2009 Q4.

The good, the bad and the ugly at Resorts World opening

This correspondent made the trek to Resorts World Sentosa to bring you the first business review of the new casino.

2009 economic results out 19 February

It's judgment day for the economy on Friday as the Ministry of Trade and Industry is set to release key economic findings at 8:00 am.

First Sentosa, now Genting wants Las Vegas

Genting Chairman Lim Kok Thay said they are actively looking at the U.S., with the Singapore project being the model for future investments.