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March 2008 - Posts
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5 March 2008 Analysts paint bleak earnings outlook Companies in Singapore may see earnings per share (EPS) improve by a mere 5.9 per cent in 2008, making it the market with the third worst outlook in Asia. Hong Kong fares even worse, with its companies Read More...
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4 March 2008 PetroChina eyeing refinery in S’pore PetroChina, the world’s largest listed company by market capitalization, is looking at building a world-scale refinery "of at least 400,000 to 500,000 barrels per day" in Singapore. Read More...
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Rupee not likely to repeat 12% rise this year: minister For this year, the Indian government expects its economy to grow close to 9% and inflation to be contained at 4%. However, it does not expect its rupee currency to appreciate as sharply as last year, Read More...
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The Straits Times, P3 Makeover to add night buzz to S’pore River The Singapore River will get its biggest makeover with $16 million spent to improve the pedestrian walkways there. Work will begin next month to create a night-time buzz along the Read More...
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The Business Times Property players sweat over lending squeeze Banks have tightened financing for property investment deals, which include big transactions like sales of office blocks and development sites, amid turmoil in the global financial market Read More...
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The Business Times Two more hotel sites put up for tender Two more hotel sites have been put on the market – a freehold plot in Bencoolen Street now occupied by Peony Mansion, and a 99-year leasehold plot in Race Course Road offered by the Urban Read More...
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The Straits Times Hotel rates up, as visitor arrivals hit record In January, 883,000 visitors arrived in Singapore, up almost 7% from a year ago. Average hotel room rate hit an all-time high of $237, fuelling concerns that Singapore risks pricing itself Read More...
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The Business Times S’pore January inflation rate rises to hit 6.6% The inflation surged to another 25-year high of 6.6 per cent in January – and is not expected to ease for a while yet. This is up from December’s 4.4 per cent, which Read More...
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The Straits Times January inflation may be as high as in 70s oil crisis Inflation could hit levels not seen since the oil crisis of the late 1970s, with consumer prices possibly jumping by as much as 7 per cent last month from a year ago. Causes for the Read More...
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The Sunday Times Bought last year, stuck this year Property agents said those who have bought condos in property fever last year with the intention of flipping are having difficulties now. HSR’s Mr. Cheng said it’s all about holding power Read More...
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The Business Times, P7 Wheelock may not launch Orchard View this year Wheelock Properties (Singapore) is likely to hold off launching Orchard View at Angullia Park for sale until next year, when the project is scheduled for completion. The group said Read More...
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The Business Times, P1 Singapore’s Olympic dream comes true Singapore has won the right to host the very first Youth Olympic Games (YOG) in 2010. The YOG, which will be held in August 2010, is expected to welcome some 5,000 athletes and officials Read More...
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The Business Times, P1 Mass-market safe, high-end may take a hit In a worst-case scenario according to most property players polled by BT, luxury-home prices could fall by up to 20 per cent in 2008, while the mass market may hold its own or ease 5-10 Read More...
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The Straits Times, P1 Record $6.9b aerospace output last year Singapore’s aerospace industry enjoyed a record output of $6.9 billion last year, and new projects are set to propel it ever higher. Among them is the Seletar Aerospace Park, which is Read More...
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The Business Times Modest weekend sales at Waterfront Waves ...The sale brought the total sold so far at the 99-year leasehold project to 100 units, including 80 sold earlier .... The Business Times Amex signs up for Marina Bay Financial Centre It is Read More...
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The Business Times, P1 6-digit fees for place at international school Demand for places at international schools in Singapore is showing no sign of letting up with some top institutions asking for six-digit fees in exchange for skipping the queue. For Read More...
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The Straits Times, P1 $1.8 billion giveaways Budget 2008 revealed yesterday includes: 1) $865m in growth dividends for all adult Singaporeans, including $400 for the low-income, $100 for national servicemen, and 50% more for the elderly, 2) $380m for Read More...
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