[SINGAPORE] Singapore has a property glut that could take years to clear, threatening to kill a nascent price recovery amid an already uncertain economic outlook. The city-state had an overhang of 31,948 units as of Sept 30, according to the Urban Redevelopment Authority. Sales have averaged about 2,500 homes per quarter this year, and at […]
Read MoreBUSINESS sentiment among local firms has risen slightly for the first quarter of 2020, with the services sector being the most upbeat, according to Singapore Commercial Credit Bureau’s (SCCB) latest Business Optimism Index study. Business sentiment rose to +5.31 percentage points in Q1 2020 from +4.82 percentage points in Q4 2019, with five of six […]
Read MoreSINGAPORE – Salaries in Singapore will see another modest increase next year, forcing companies to turn to other incentives to retain staff, according to a survey by global consultancy firm Mercer. The overall salary increase projected for 2020 is 3.7 per cent, compared with 3.6 per cent in 2019, said the firm in its annual […]
Read More[SINGAPORE] All 22 Sasa International shops in Singapore will be shut down, the cosmetics retailer announced on Monday, in a move that is likely to affect about 170 workers. The company said its decision came after its stores in the Republic recorded losses for six consecutive years despite its efforts to turn the business around. […]
Read MoreThe General Department of Taxation (GDT) is sourcing for an advanced IT system in Singapore to modernise the Kingdom’s tax system and improve its collection process and efficiency. GDT director-general Kong Vibol led a delegation on a three-day learning visit from November 27 to 29 in Singapore and toured the country’s data management centre Starhub […]
Read MoreSINGAPORE (BLOOMBERG) – Underpinned by a global hunt for yield, Singapore’s real estate investment trusts (Reits) are having a bumper year in deal-making as well as fundraising. The mantra that bigger is better will continue to drive capital market activity in the sector, analysts say. Singapore-listed Reits have forked out US$16.9 billion (S$23.1 billion) to […]
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