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SGD will fare around $1.35 against USD in 2018: Fitch Solutions

19 Oct 2018 - Singapore Business Review
It could be hit by the escalating US-China trade wars paired with US Fed hikes. The Singapore dollar will remain ‘range-bound’ against the USD in the near-term despite headwinds from global trade developments as the Monetary Authority of Singapore (MAS) pushed to modestly appreciate the SGD nominal effective ...

Fitting out an office is cheaper in Hong Kong than Singapore

19 Oct 2018 - Singapore Business Review
The Lion City’s average fit out costs are $100 psf versus the SAR’s $94. Fitting out an office in Singapore costs US$100 or $132 which makes it the fourth most expensive market in the Asia Pacific region, according to real estate consultant JLL. Average fit-out costs of offices come inclusive of builders ...

Singapore ranked fifth in Global Power City Index

19 Oct 2018 - Singapore Business Review
It topped rankings in employee life satisfaction globally and startup environment in Asia. Singapore retained its fifth spot out of 44 countries in the Global Power City Index (GPCI) by the Institute for Urban Strategies at the Mori Memorial Foundation in Japan. In its 10th consecutive year as the fifth ...

Singapore clinches ninth spot in highest average wealth per adult: Credit Suisse

19 Oct 2018 - Singapore Business Review
It hit $390,280, thanks to high savings and asset price increases. With an average wealth per adult of $390,280 (US$283,120) as of mid-2018, Singapore placed ninth in the world for the biggest household wealth per adult, according to the Global Wealth Report by Credit Suisse. The average amount has more ...

Chart of the Day: 2 in 10 tourist arrivals in August came from China

19 Oct 2018 - Singapore Business Review
Indonesia accounted for 16% of the tourist arrivals. This chart with data from Singapore Tourism Board (STB) and CGS-CIMB shows that 20% of tourist arrivals in Singapore as of August YTD came from China. Meanwhile, visitors from Indonesia (16%) came in next. They were followed by those from Europe (11%), ...

Singapore's clinches ninth spot in highest average wealth per adult: Credit Suisse

19 Oct 2018 - Singapore Business Review
It hit $390,280, thanks to high savings and asset price increases. With an average wealth per adult of $390,280 (US$283,120) as of mid-2018, Singapore placed ninth in the world for the biggest household wealth per adult, according to the Global Wealth Report by Credit Suisse. The average amount has more ...

Blockchain-based commodity trading platform launched in Singapore

19 Oct 2018 - Singapore Business Review
It has reached a turnover of US$200m covering markets like China, Switzerland, and Australia. Commodities Intelligence Centre (CIC) launched Singapore’s first physical commodity B2B e-trading platform that is built on blockchain technology. It allows commodity traders to access services such as transaction ...

Hotels brace for more business as tourism drives RevPAR for seventh straight month in August

19 Oct 2018 - Singapore Business Review
Revenue per available room rose 5.5% and 3.4% year-to-August. It’s turning to be an increasingly good year for the hospitality scene in Singapore as a steady influx of tourists is driving the local hotel business through the roof with revenue per available room (RevPAR) rising by 5.5% in August and 3.4% ...

Daily Briefing: Singapore HealthHub hit by 27,000 unusual log-in attempts; Three firms sanctioned over supply of luxury goods to North Korea

19 Oct 2018 - Singapore Business Review
And here's a new delivery scheme for Lazada customers. From Yahoo! News Singapore: Investigations by the Health Promotion Board (HPB) and the Integrated Health Information Systems (IHiS) revealed that more than 27,000 unusual attempts on log-ins were detected in the HealthHub portal over four days in ...

LTA to raise number of COEs for November to January by 8.9%

18 Oct 2018 - Singapore Business Review
The quota for motorcycles will inch up 34.65% to 2,207 per month. The Land Transport Authority revealed that they will allow for more Certificates of Entitlement (COE) from November to January. The quota for bidding exercises for the next three months will rise by 8.9% to 10,046 from the current 9,225. ...