After having offered its bounteous 8,200 new flats barely a couple of months back, the Housing and Development Board (HDB) Thursday launched seven new Build-to-Order (BTO) projects in which another 4,200 flats will be offered.
Chinese phone-equipment maker ZTE Corp. has reportedly decided to invest 2 billion Yuan, or around 314 million dollars, in a facility to support China Unicom's e-book service.
Singapore’s National Development Minister Khaw Boon Wan has declared that the current household income ceiling for Housing and Development Board (HDB) rental flats would not be raised as median household income of the bottom 20 per cent households hasn’t gone up.
In a Sunday statement, labour chief Lim Swee Say – who also happens to be a Minister in the Prime Minister’s Office – said that more-than-expected workers will be retrenched this year vis-à-vis last year; and that the rate of retrenchment will further be much higher in 2012.
In a Monday release, the Singaporean Ministry of Trade and Industry (MTI) said that a slow down in exports has led to projections about a notably slower economic growth in 2012 than earlier estimated. While it was predicted that the economic growth in the current year will be around 5 percent, the projections for the next year have been lowered to between 1 percent and 3 percent.
According to the most recent figures released by the Department of Statistics, Singapore witnessed a 0.3 percent month-on-month increase in seasonally-adjusted retail sales in September, excluding motor vehicle sales which plunged 9.8 percent during the month.
Leaving out motor car sales from the figures, retail sales increased 3.1 percent year-on-year.
In what is a marked strategy towards ensuring that the Singapore cruise-infrastructure industry attains a lead role in the growth of the country’s tourism sector, Singapore has unveiled its plans of making heavy investments in cruise infrastructure.