Singaporean economy suffered a quarter-on-quarter fall of 0.9 per cent in retail sales in December 2012, obviously as consumers cut back on spending.

Fresh figures released by the Singapore Department of Statistics also showed that the country's retail sales slipped 1.5 per cent year-on-year.

Singapore's National Development Minister Khaw Boon Wan has claimed that the government can cater to a bigger population of 6.9 million while also raising their quality of life.

According to reports, Singapore telco M1 will apparently launch the S$998-priced Samsung smartphone - the much-hyped and eagerly-awaited Samsung Galaxy S III - from Tuesday, May 29.

Singapore’s bank lending jumped 2.3 per cent to settle at S$415.8 billion in November from the previous month.

Business loans jumped 2.9 per cent to S$240.1 billion, while consumer loans climbed 1.4 per cent to settle at S$175.7 billion.

Singapore’s Prime Minister Lee Hsien Loong has said that the country would have to take this year’s economic fluctuations in their stride.

Delivering his New Year message, Mr. Lee said “The economy goes up, goes down - we have to take it in our stride.”

Fortune Real Estate Investment Trust (Fortune REIT) has announced its plans to buy Hong Kong-based two retail properties, viz. Belvedere Garden Property and Provident Centre Property, for HK$1.9 billion.

The Housing Development Board (HDB) will construct 1,600 new car park lots during 2012, National Development Minister Khaw Boon Wan has announced.

The new parking lots to be constructed next year will be in addition to the 3,400 parking lots constructed during the past two years.The construction of parking lots will cost to the tune of $66 million.