Singapore is to trial the import of electricity from Laos via Thailand and Malaysia following an agreement between Keppel Electric and Electricite du Laos (EDL). The agreement between the two companies is part of the Laos-Thailand-Malaysia-Singapore Power Integration Project (LMTS-PIP) that will see the four governments studying the feasibility of cross-border power trade, Straits Times reports. […]
Read MoreThe private housing market is expected to maintain its positive momentum for the rest of the year, after developers chalked up fairly healthy sales in August despite limited new launches and heightened restrictions to combat the pandemic. 1,215 new private homes were moved in August, nearly 24 per cent lower than July’s take-up, though analysts […]
Read MoreSKILLS transfers from foreigners to Singaporeans should be publicly tracked, while a new type of fixed-term work pass could be introduced to promote skills transfers, Workers’ Party (WP) Member of Parliament and Leader of the Opposition Pritam Singh said in Parliament on Tuesday. During the debate on two motions relating to jobs and foreign worker […]
Read MoreSINGAPORE – Local companies’ business confidence improved further for the fourth quarter amid resilient demand and a positive outlook for manufacturing and the financial services sectors, according to a survey out on Tuesday (Sept 14). However, the outlook for the construction and transportation sectors remained downbeat. The overall Business Optimism Index (BOI) rose to +5.78 […]
Read MoreSINGAPORE – Demand for resale non-landed private homes remained robust in August, with prices climbing and more units changing hands despite the Hungry Ghost Festival when sales typically slow down. Condominium resale prices climbed 0.5 per cent month on month, albeit at a slower pace than the revised 0.9 per cent jump in July, according to […]
Read MoreSINGAPORE’S outward-facing sectors will continue to grow at a healthy pace in the second half of the year, “barring a major setback in the global economy”. That’s the prognosis from the Ministry of Trade and Industry (MTI), in a reply on Monday to a parliamentary question on the economic outlook. Meanwhile, the economy is expected […]
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