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January 2008 - Posts
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29 Jan 2008 Nanyang MBA breaks into FT Top 50 Nanyang Business School’s MBA Programme has been ranked 46th in Financial Times’ (FT) World Top 100 MBA 2008 – the highest that a Singaporean business scholl has ever been ranked in the survey Read More...
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28 Jan 2008 Changi park shaping up as financial backroom hub OCBC might be setting up their operations units at Changi Business Park. Earlier on, Credit Suisse has taken a quarter of 200,000 sq ft HansaPoint@CBP building. The prime land is at $60 psf Read More...
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25 Jan 2008 79 Anson Rd stake sold for 3rd time in 2 years A 55% stake in the freehold 79 Anson Road has changed hands for the 3rd time in two years. The latest deal involves a fund managed by Ferrell Asset Management selling the space to a German pension Read More...
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24 Jan 2008 MIT to make S’pore its second home Singapore is set to become the largest international research base for the Massachusetts Institute of Technology (MIT), enabling the Republic to benefit from the American’s institution’s Read More...
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23 Jan 2008 Dramatic 75 basis point cut in US rates US central bank yesterday slashed interest rates by a dramatic 75 basis points. This is the biggest single cut since the US Federal Reserve used the short-term rate as a principal monetary policy instrument Read More...
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22 Jan 2008 STI plunges 6% in worst one-day fall since Oct 1987 Singapore’s Straits Times Index plunged 6.03% yesterday, diving 187.1 points, worst since October 1987. The STI has fallen 15.8% since Jan 1, wiping $62 billion of the value of local Read More...
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21 Jan 2008 Al-Futtaim makes cash offer for Robinson and Co Middle-eastern based retail giant Al-Futtaim yesterday made a surprise cash offer for all the issued shares in Robinson and Co (RCL) at $6.25 per share, valuing the company at $537.1 million. Read More...
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18 Jan 2008 Export growth slumps to slowest pace in five years Expansion last year hit just 2.3%, well under official forecasts of between 4 and 6% and small change compared to 8.5% growth in 2006. This is mainly because of shrinking exports in the electronic Read More...
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17 Jan 2008 Strong demand for Boon Keng flats 3,500 people have applied for 714 units of City View @ Boon Keng flats, at the closing yesterday. This means that there were about five potential buyers for every available flat. The flats, three-to-five-room Read More...
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16 Jan 2008 S’pore again ranked world’s second-freest economy An annual report published by The Wall Street Journal and American’s The Heritage Foundation ranked S’pore the second-freest economies in the world, scoring 87.4% just Read More...
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15 Jan 2008 Goldman cuts Asian growth forecasts on fears of US recession Goldman Sachs reduced its growth forecasts for Asia on concerns over recession in the US will erode demand for the region’s exports. S’pore’s GDP growth forecast Read More...
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14 Jan 2008 S’pore growth could hit 7.2% S’pore economy will grow by 7.2% this year, outpacing many other economies in the region, a United Nations (UN) report predicts. Overall, East Asia is expected to grow by 7.7% and world trade to expand Read More...
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11 Jan 2008 River Valley High to get $79m campus in Jurong Jurong will get one of largest and most expensive govt schools in Singapore. River Valley High’s new campus will be built at the junction of Jalan Boon Lay and Boon Lay Avenue, on a site Read More...
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10 Jan 2008 Plunge in key interest rate may lead to cheaper home loans Singapore interbank offered rate (Sibor) dropped 0.8% to 1.7625% yesterday, lowest level since 1.75% in February 2005. It is expected to sink further by 30-50 basis points by mid-year. Read More...
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9 Jan 2008 Sub-prime woes won’t hit Asia-Pac growth: World Bank World Bank in its latest Global Economic Prospects said East Asia and Pacific economies will be hardly deflected by fallout from the US sub-prime mortgage crisis. It also maintains Read More...
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8 Jan 2008 Two landed sites to go on sale with tenancies Two plots of 21,066 sq ft and 31,043 sq ft on Meng Suan Road, off Mandai Road will be sold via auction later this month. Indicative price is between $250 and $260 psf, inclusive of development charge. Read More...
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7 Jan 2008 Uphill trek ahead as building costs keep rising Construction costs look set to keep climbing through 2008. Building costs is already on par with HK, double that of Beijing and just 30% below NY. According to report by construction cost consultancy Read More...
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4 Jan 2008 Condo-like flats in Boon Keng going on sale Under the design, build and sell programme, Hoi Hup Sunway Development is launching 714 unit of condo-like apartments in Boon Keng, offering condo-like tappings such as timber flooring, built-in wardrobes Read More...
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3 Jan 2008 Growth falls to 6% in fourth quarter S’pore economic expansion shrank from 9% to 6% in the fourth quarter last year. Economists said the slowdown is due to sharp slump in the volatile pharmaceutical industry, which is expected to bounce Read More...
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1 Jan 2008 Ruling on rental income cheers serviced apartment operators The Income Tax Board of Review has ruled that a service apartment operator’s rental income should be treated as normal recurrent business income, and not as income from property Read More...
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31 Dec 2007 Star stockbrokers buy workers dorm Follwing Morgan Stanley’s move to purchase dorms from JTC Corp, Duchess Development owned by David Loh and Han Seng Juan recently bought a Westlite Dormitory near IMM Building of Toh Guan Road East Read More...
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28 Dec 2007 1,100 flats go on sale in Punggol and Yishun More than 1,100 flats at new projects - Damai Groove in Punggol and Jade Spring @ Yishun are being offered yesterday under the build-to-order (BTO) system. Damai Groove consists of 738 flats with Read More...
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27 Dec 2007 More HDB condo-like flats coming up A 1.5 ha plot in Bishan Street 24, suitable for about 460 flats that could build up to 50 storeys high, was put up for tender by the Housing Board. Consultants estimated that four-room flats could sell for Read More...
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25 Dec 2007 Nov inflation highest in 25 y ears at 4.2% S’pore inflation accelerated to 4.2%, highest in 25 years due to price increase in food and transportation. The Monetary Authority of Singapore expects consumer prices to rise next year at double Read More...
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24 Dec 2007 S’pore residential market is world’s hottest this year S’pore housing market is the world’s hottest this year, with local home prices recording the fastest increase. Residential property prices in the Republic surged Read More...
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