• Here's why Singapore can depend on F&B industry for economic growth

    The food industry has done more than relieving hunger as it has also made huge impact in the overall economic growth of Singapore, contributing a bulk to the city-state’s GDP. According to the Food Industry Asia report by the Oxford Economics, F&B industry contributes an estimated $14.4 billion to GDP and employs nearly …

  • Goldman Sachs' chief investment banker based in Singapore to leave later this year

    The head of the investment banking arm of Goldman Sachs in Southeast Asia is set to to leave before the year ends but sources of Reuters said the departure has nothing to do with recent job cut plans. Michael Smith, a former banker at UBS for around 10 years has been with Goldman since 2006. Based in Singapore, he is …

  • Singapore amongst top markets for photo-sharing apps

    The use of social media platforms Instagram and Snapchat continue to grow as the popularity of highly-visual channels rises, according to Connected Life, the latest study of over 70,000 consumers from global research consultancy Kantar TNS. Developments in mobile technology are a clear driver, with the number of smartphones …

  • Private condo prices crumble 0.6% in August: NUS index

    According to National University of Singapore's August 2016 flash estimate of Overall Singapore Residential Price Index (SRPI), the price contraction this month is in contrast from the 0.3% gain in July. Price index for non-central units declined 0.9%, further deepening the 0.1% dip in July. Meanwhile, after a flat growth …

  • SIA's Singapore-Jakarata-Sydney flights to take off in November

    It will also add eight weekly flights to Jakarta. Singapore flag carrier Singapore Airlines (SIA) announced today that it will launch a new route linking Jakarta with Sydney in November. The new route ...

  • Will the slowdown in the aviation sector badly hurt SATS?

    August's traffic growth at Changi Airport fell 0.6% YoY. With around 80% of market share in Changi Airport providing gateway services and food solutions to airline, SATS revenue from Singapore is correlated to traffic handled at the airport. "In our view, SATS’ on-going plans to diversify out of Singapore and away from …

  • 3 things that could send Sheng Siong off the tracks

    It would seem like Sheng Siong is hanging on a thread before its positive catalysts completely dry out, now that its planned expansion in China is further delayed. Sheng Siong may also forgo the rights to place a bet at the online stakes as it has no plans to expand its online sales coverage. Yap noted that Singapore's …

  • Mercedes AMG Petronas F1 Team's British driver Lewis Hamilton signs autographs during a 'meet the fans' session in Kuala Lumpur, on September 27, 2016, ahead of the Malaysian Grand Prix

    Lewis Hamilton said he will give everything at this weekend's Malaysian Grand Prix as he looks to bounce back in the Formula One championship after losing his lead to a rampant Nico Rosberg. The triple world champion lies eight points behind his Mercedes team-mate after the increasingly impressive Rosberg powered to a …

  • A Jakarta commercial court had decided on Sept. 26 to postpone a deliberation meeting, the firm said in a filing to the Singapore stock exchange. Applications by trustees for note holders to vote in the meeting were rejected because there was no documentation, agreement or authority, Trikomsel said in a separate statement …

  • Duterte has given almost half his public addresses as president to a military audience -- far more than his predecessors. “Clearly he is trying to curry favor," said Joseph Franco, a research fellow at Nanyang Technological University in Singapore who previously worked for the chief of staff of the Armed Forces of the …

  • Toshiba, which makes everything from computers to nuclear power equipment, in August reported its first operating profit in six quarters. “Apple’s recent upgrades to its smartphone embedded memory have also helped Toshiba’s cause,” Amir Anvarzadeh, Singapore-based head of Japanese equity sales at BGC Partners Inc., wrote …

  • Pritam Singh

    Opposition party advocates for government to reject the launch of online betting services in Singapore.

  • Singapore cements its third spot as top global financial powerhouse

    The city-state has solidified its position as a global financial center, maintaining a lead against its rival Hong Kong in a recent study. According to the latest Global Financial Centers Index Measure, Singapore has cemented its third position behind London and New York as top financial centers. Under the instrumental …

  • Condos in a Garden City The Edge Property
    Condos in a Garden City

    Singapore’s Garden City journey began in 1963, when then Prime Minister Lee Kuan Yew launched the campaign. The most recent transaction was in September where an 829 sq ft two-bedroom unit fetched $1,060,000 or $1,279 psf.

  • URA shortlisted five teams for Jurong Lake planning

    Check out the local architectural firms which made the cut. Singapore companies are well represented in the list of architectural firms picked to help devise a masterplan for the Jurong Lake District, billed as Singapore's second central business district. According to Urban Redevelopment Authority, five teams were picked …

  • Singapore can do more to fight money laundering, says report

    Transnational threats need to be addressed. An independent watch dog lauded Singapore for improvements made in combating money laundering, but says it needs to pursue more complex transnational cases. "Singapore has a reasonable understanding of its ML risks and has taken steps to mitigate them. Nevertheless, moderate …

  • Daily Briefing: Singapore urged to fight financial crimes harder; Foreign factors contribute to pick up in luxury home sales

    Singapore is urged to take more aggressive action against complex cross-border money-laundering. The Paris-based Financial Action Task Force said the city-state has made significant money-laundering and counter-terrorist financing framework since the last assessment in 2008. The tax amnesty in Indonesia may not be the …

  • Daily Markets Briefing: STI up 0.36% Singapore Business Review
    Daily Markets Briefing: STI up 0.36%

    Expect local sentiment to be fairly buoyant this morning. According to SGX, the Straits Times Index (STI) ended 10.29 points or 0.36% higher to 2860.23, taking the year-to-date performance to -0.78%. Meanwhile, ...

  • Singapore has improved its efforts against money laundering and terrorist financing but has prosecuted fewer complex cross-border cases than would be expected, according to a review by the Financial Action ...

  • Traffic growth at Changi Airport declined 0.6% YoY

    Other signs of slowing down were also reported. Singapore aviation industry is possibly going through tough times with Singapore Changi Airport yesterday posting moderate growth in its operating statistics ...

  • Setting up a business in Singapore

    Singapore has gained a reputation for being a conducive environment to start a business. It has a...

  • Singapore population rose 1.3% to 5.6 million

    Singapore's population growth remained low even though more babies were born last year. Data released by the National Population and Talent Division show that Singapore's population grew by 1.3% to reach 5.61 million in June.

  • Sam Allardyce gave advice on how to circumnavigate transfer rules, criticised the FA's decision to rebuild Wembley and mocked his England predecessor Roy Hodgson while being secretly filmed by Daily Telegraph reporters posing as Far East businessmen

    Sam Allardyce's reign as England manager came to a humiliating end on Tuesday as he departed after just 67 days in charge following his controversial comments in a newspaper sting. The 61-year-old was secretly filmed giving advice on how to circumnavigate transfer rules, criticised the FA's decision to rebuild Wembley …

  • 4 Hobbies That Are Not Only Free to Pick Up But Also Boost Your Street Cred

    Everyone knows there are free or very cheap hobbies out there, but the problem is that a great many of these interests just don’t sound that appealing to the average person. Sure, you could spend all your time feeding your obsession with Korean dramas or gaming, but in the big bad world, the amount of street cred these …

  • Sam Allardyce gave advice on how to circumnavigate transfer rules, criticised the FA's decision to rebuild Wembley and mocked his England predecessor Roy Hodgson while being secretly filmed by Daily Telegraph reporters posing as Far East businessmen

    Sam Allardyce is set for crisis talks with his Football Association employers on Tuesday as the England manager fights to save his job after being caught in a newspaper sting. Allardyce gave advice on how to circumnavigate transfer rules, criticised the FA's decision to rebuild Wembley and mocked his England predecessor …

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