SINGAPORE: Singapore has become the second most expensive location in Asia for business travel this year with an average trip now costing US$515 per day, an increase of US$34 from a year before, according to ECA International. (US$1=RM4.47) In its latest Daily Rates research, ECA International found that the most expensive location is Hong Kong […]
Read MoreFEWER used cars changed hands in the first two months of 2023 compared with the same period last year, despite high certificate of entitlement (COE) premiums that would typically drive some buyers to shop for second-hand vehicles. There were 1,143 used cars sold in January and February, a drop of 7.72 per cent from 2022. […]
Read MoreSingapore’s Energy Market Authority (EMA) said that it has granted conditional approval for the local conglomerate Keppel Energy to import 1 gigawatt (GW) of electricity from Cambodia to the country. The approval, the first to be awarded by EMA for large-scale electricity imports, marked a significant milestone in Singapore’s ambition to import up to 4GW […]
Read MoreSINGAPORE’S key exports contracted for the fifth straight month in February, albeit at a slower pace than the month before, as the decline in non-electronic shipments eased, data from Enterprise Singapore (EnterpriseSG) showed on Friday (Mar 17). Non-oil domestic exports (NODX) declined by 15.6 per cent year on year in February, an improvement from the […]
Read MoreSINGAPORE: Despite total employment returning to pre-pandemic levels, the number of retrenchments in the fourth quarter of 2022 (4Q22) between October and December doubled to 2,990 from the 1,300 in 3Q22. However, fewer jobs were cut in the second half of 2022 – 890 – than expected in the information and communications sector, which covers […]
Read MoreSALES of new private residential units rose for the second straight month in February, supported by sustained buying by foreigners. But year on year, sales were still down. The Urban Redevelopment Authority (URA) on Wednesday (Mar 15) said that developers sold 432 units, excluding executive condominiums or ECs in February, up 9.9 per cent from […]
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