Check latest hot topics and new pictures Last Updated: 19 April, 2014
Singapore

Housing Development Board offers another 4,200 new BTO flats

Housing Development Board offers another 4,200 new BTO flatsAfter 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.

ZTE to invest 2bn Yuan in facility for China Unicom E-book service

ZTE to invest 2bn Yuan in facility for China Unicom E-book serviceChinese 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.

Ceiling for HDB rental flats won’t be raised: Khaw Boon Wan

Ceiling for HDB rental flats won’t be raised: Khaw Boon WanSingapore’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.

Lim Swee Say: Higher rate of retrenchment expected in 2012

Lim Swee Say: Higher rate of retrenchment expected in 2012In 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.

Singapore projects 5% economic growth this year; 1-3% growth in 2012

Singapore projects 5% economic growth this year; 1-3% growth in 2012In 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.

Singapore’s seasonally-adjusted retail sales increased 0.3% in September

Singapore’s seasonally-adjusted retail sales increased 0.3% in SeptemberAccording 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.

Singapore investing heavily in cruise infrastructure

Singapore investing heavily in cruise infrastructureIn 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.