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Singaporeans expect prices to rise by 2.97%

16 Jan 2018 - Singapore Business Review
Despite general economic growth, geopolitical worries remain. Singaporeans' inflation expectations for the year ahead rose by 2.97% in December 2017, due to geopolitical worries amidst broader economic growth, the Singapore Management University (SMU) revealed. According to Sim Kee Boon Institute for ...

Daily Briefing: Rail contract tests Singapore's Malaysian ties; Keppel DC REIT's giant competitors loom overseas

16 Jan 2018 - Singapore Business Review
And here are three bank account types you might want to open this year. From Reuters via Yahoo! Finance: The leaders of Malaysia and Singapore are expected to discuss plans for a high-speed rail project linking their countries during summit talks on Tuesday, as a deadline to award the multi-billion dollar ...
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Malaysia-Singapore ties tested by high-speed rail contract

15 Jan 2018 - The Star Online
KUALA LUMPUR/SINGAPORE: The leaders of Malaysia and Singapore are expected to discuss plans for a high-speed rail project linking their countries during summit talks on Tuesday, as a deadline to award the multi-billion dollar project nears. The high-speed rail valued by analysts at about $17 billion ...

Petronas Chemicals, Genting lead KLCI to higher close

15 Jan 2018 - The Star Online
KUALA LUMPUR: Blue chips closed higher on Monday, underpinned by gains in Petronas Chemicals and Genting Malaysia but the broader market showed signs of weakness. At 5pm, the FBM KLCI was up 3.42 points or 0.18% to 1,825.91. Turnover was 5.4 billion shares valued at RM3.33bil. There were 378 gainer, ...

431 private homes sold in December

15 Jan 2018 - Singapore Business Review
Around 13,000 to 14,000 units are expected to be sold in 2018. Developers sold 431 private homes in December, a 45.3% decrease from last month's sales and a 17.4% YoY increase from last year's sales of 367 units. According to Cushman & Wakefield, the fall in sales can be attributed to seasonal factors ...

Aspen plans serviced apartments in Selangor, GDV RM300m

15 Jan 2018 - The Star Online
KUALA LUMPUR: Aspen (Group) Holdings Ltd plans to build service apartments in Seri Kembangan, Selangor with an estimated gross development value (GDV) of RM300mil. The Singapore-listed property company said on Monday the Selangor Agricultural Development Corporation (PKPS) had accepted a tender by ...
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Rising home vacancy rates drag construction sector recovery

15 Jan 2018 - Singapore Business Review
The vacancy rate for private homes hit 8.4% by September 2017, compared to the 5.5% average between 2010 and 2013. Singapore's construction sector could still be in the red for at least one to two years, because of excess stocks in the residential and non-residential market, BMI Research said. According ...

Singapore to grow sea transport industry by $4.5b

15 Jan 2018 - Singapore Business Review
It also wants to create 5,000 jobs by 2025. Singapore aims to grow the sea transport industry's value by $4.5b and add 5,000 jobs by 2025, according to the Sea Transport Industry Transformation Map (ITM). According to a press release, the ITM was developed by the Maritime and Port Authority of Singapore ...

Singapore central bank head hopes cryptocurrency tech will survive "crash"

15 Jan 2018 - The Star Online
SINGAPORE: Singapore's central bank head said on Monday he hoped the technologies underpinning cryptocurrencies such as blockchain would not be undermined by an eventual crash in the virtual coins. The city-state is among many global central banks voicing concern about potential losses for citizens and ...

Top Glove shares rise on Aspion acquisition

15 Jan 2018 - The Star Online
KUALA LUMPUR: Shares in Top Glove Corp Bhd rose 2% in early trade, boosted by its acquisition of Aspion Sdn Bhd for RM1.37bil. The glovemaker saw its shares rose 2%, or 18 sen to RM9.18, its all time high. It is currently trading at a PE of 30.92 times. The surge today came on news that Top Glove has ...
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