Archive | November 19, 2007

Plans unveiled for Punggol waterfront park

4.9-km promenade, lotus pond, horse riding centre, among amenities in pipeline By LYNETTE KHOO THE waterfront promenade coming up at Punggol Point will be a new sea sports and recreation centre with rustic seaside dining venues. The Urban Redevelopment Authority (URA) yesterday unveiled the design proposals for the waterfront and park, which will add to […]

Leave a Comment Continue Reading →

S’pore needs to slow growth: economists

Economy will be fully stretched if it maintains 7-8% growth (SINGAPORE) While Singapore’s underlying growth potential has risen in recent years, the economy will be fully stretched at the seams if it continues to grow between 7 and 8 per cent, as it has on average between 2004 and 2007, economists say. They now see […]

Leave a Comment Continue Reading →

Business confidence takes a dive

Sentiment indicators for next 6 months sliding amid signs of nascent slowdown: BT-UniSIM survey (SINGAPORE) Business confidence here has taken a dive, according to the latest BT-UniSIM quarterly survey of business activity. Companies are much less optimistic about the next six months and there are signs that a slowdown in business activities has started. The […]

Leave a Comment Continue Reading →

Bigger but unequal pay gains seen for ’08

(SINGAPORE) With the economy still hot and workers harder to come by, bigger pay hikes are expected in the coming year. But not everyone will get an equal share of the bounty, according to a recent poll of 126 companies by human resource services firm Hewitt Associates. The survey showed that salaries will rise by […]

Leave a Comment Continue Reading →

Services workers most willing to jump ship amid tight labour market: poll

In manufacturing, managers are the least loyal group (SINGAPORE) Job-hopping is more rampant in the services sector than among manufacturing employees, a survey has found. But while it is manual and general staff in the services sector who are more ready to jump ship in Singapore’s current tight labour market, in the manufacturing sector, it […]

Leave a Comment Continue Reading →

Howard faces bust despite Aussie boom

(SYDNEY) Australia’s economy is booming, so the question of why the opinion polls show the government heading for defeat in elections on Saturday puzzles Prime Minister John Howard. The conservative leader has gone from suggesting the electorate must be joking to complaining that Asian growth is getting the credit that is rightfully his for the […]

Leave a Comment Continue Reading →

INSIDE MARKETS – Directors and shareholders active; buyback activity surges

THE corporate shareholder activity surged last week with huge numbers posted by directors, substantial shareholders, and listed companies, based on filings on the Singapore Exchange from Nov 12 to 16. The increase in the trading coincided with the 4.4 per cent drop in the Straits Times Index (STI) last week to 3,440.96. Directors and substantial […]

Leave a Comment Continue Reading →

S’pore, China to jointly develop eco-city

Tianjin Eco-City to be a model of sustainable devt (SINGAPORE) In a highly anticipated landmark signing at the Istana yesterday, the governments of Singapore and China inked a framework agreement to jointly develop an eco-city in Tianjin, which will deepen cooperation and bring bilateral relations to greater heights. The vision is for the Sino-Singapore Tianjin […]

Leave a Comment Continue Reading →

Tough times ahead seen for China if bubble pops

Retired Japanese official says soft landing unlikely, social disquiet rising IN TOKYO CHINA’S economy has little chance of achieving a soft landing once the ‘bubble’ in stock market and real estate prices there bursts, according to former senior Japanese finance ministry official Toyoo Gyohten, who now heads one of Asia’s leading economic research institutes. Meanwhile, […]

Leave a Comment Continue Reading →

Walk along coast, golf in Punggol

A 4.9km waterfront promenade will feature a host of attractions by 2010 THE vision of Punggol as a vibrant waterfront town was given more flesh yesterday. A $13 million plan to redevelop a part of its surrounding coastline will put at residents’ doorsteps a 4.9km walking trail that opens up access to the Punggol coast. […]

Leave a Comment Continue Reading →

two cents’worth – Traits a good property investment should have

IT’S important to keep this in mind: It’s easy to get into properties, but very difficult and costly to get out. Hence you must get it right the first time and every time. Try to meet as many of the following criteria as you possibly can. Buy in high-growth areas These places experience traffic congestion. […]

Leave a Comment Continue Reading →

En bloc fever catches on in HUDC estates

Shunfu Ville, Eunosville, Serangoon North residents trying to go private to enable collective sales THE collective sale fever that has swept through condominiums has spread to three HUDC estates. Residents in Shunfu Ville, Eunosville and Serangoon North are trying to privatise their estates so that they can sell their flats to private developers for a […]

Leave a Comment Continue Reading →

wallstreet – Bargain-hunting lifts volatile stock markets

NEW YORK – US STOCKS rose on Friday after a day of sharp price swings. The S&P 500 narrowly averted a third straight week of losses as bargain-hunting lifted the beaten-down technology sector while shares of oil companies advanced on buoyant crude prices. After see-sawing through most of the day as the market was buffeted […]

Leave a Comment Continue Reading →

The incredible shrinking dollar

How do we ensure that our savings are not eroded by inflation? Finance Correspondent Lorna Tan looks at how rising prices affect the value of your money and highlights the need to start financial planning early INFLATION could hit 5 per cent in the first quarter of next year. This would be a 25-year historic […]

Leave a Comment Continue Reading →

Banyan Tree to sell hotel suites

SINGAPORE is expected to show strong demand when Banyan Tree Residences holds a launch here this weekend for its branded hotel residences. Banyan Tree Residences – one of the business segments of mainboard-listed Banyan Tree Holdings – offers the sale of hotel villas or suites to investors under a leaseback scheme. Investors can choose to […]

Leave a Comment Continue Reading →

Inflation rising as Hong Kong looks to grow 6% this year

Govt revises target from 5-6%, but inflation hits 2.5% for first nine months IN HONG KONG HONG Kong’s economy is tipped to grow by 6 per cent this year as the city continues to enjoy strong domestic demand and low unemployment, but inflation has hit levels not seen since the 1997 handover. ‘The momentum for […]

Leave a Comment Continue Reading →

M’sia property drawing Middle Eastern money

Over RM6b invested in past two years in Klang Valley, IDR and Penang projects IN KUALA LUMPUR MORE than RM6 billion (S$2.58 billion) from the Middle East has been invested in Malaysian property in the past two years – and more is set to follow. Analysts say that Islamic funds will continue to flow into […]

Leave a Comment Continue Reading →

Even a monkey can get 24% with this investment formula

Investors could beat the S&P 500 just by imitating Warren Buffett’s trades (NEW YORK) Buying whatever billionaire Warren Buffett bought, often months after his share purchases, delivered twice the return of the Standard & Poor’s 500 Index during the past three decades. Investors would have earned an annual return of 24.6 per cent by buying […]

Leave a Comment Continue Reading →

No flat = No wedding

Newly-weds who find it hard to get a flat amid buoyant property market are putting off their weddings AS PROPERTY prices rise, some newly-wed couples are postponing their traditional ceremonies while they wait for a new Housing Board flat. Many have been priced out of the resale market while others want to buy a new […]

Leave a Comment Continue Reading →

TAKING STOCK – STI falls on US problems, weak yen; China New Town sinks

SHARE prices tumbled across Asia, as deepening credit woes in the United States and renewed weakness of the greenback against the yen prompted traders to liquidate positions before the weekend. Yet, for all the regional bloodletting, local investors took some solace that the fallout in Singapore was not as severe as in other markets. The […]

Leave a Comment Continue Reading →

Trade among Asean nations drops to 21% of total exports

Fall raises question of whether 2015 target for a unified market can be met THE 10 Asean economies may be booming, but trade among member countries has fallen as a proportion of their total exports. This casts a worrying shadow on the region’s long-standing ambitions to become a unified economic market by tearing down trade […]

Leave a Comment Continue Reading →

SCALE-BACK IN LOANS – US could face $3 trillion lending shock: Goldman

LONDON – THE impact of the United States mortgage market crisis on the underlying economy could beĀ ‘dramatic’ as leveraged investors may need to scale back lending by up to US$2 trillion (S$2.9 trillion), according to investment bank Goldman Sachs. In a report on Thursday, Goldman’s chief US economist Jan Hatzius said a ‘back-of-the-envelope’ estimate of […]

Leave a Comment Continue Reading →

Recession risk ‘due to mess left by Greenspan’

LONDON – MR JOSEPH Stiglitz, a Nobel-prize winning economist, said the United States economy risks tumbling into recession because of the sub-prime crisis and a ‘mess’ left by former Federal Reserve chairman Alan Greenspan. ‘I’m very pessimistic,’ Professor Stiglitz said in an interview in London yesterday. ‘Alan Greenspan really made a mess of all this. […]

Leave a Comment Continue Reading →

It’s paying off for copycats of Warren Buffett

NEW YORK – BUYING whatever billionaire investment guru Warren Buffett bought, even months after his share purchases, delivered twice the returns of the Standard & Poor’s (S&P) 500 Index during the past three decades. Investors would have earned an annual return of 24.6 per cent by buying the same stocks as Mr Buffett after he […]

Leave a Comment Continue Reading →

US credit woes hurt foreign funds to Asia

While inflow is fast slowing for HK, China and India, S’pore is experiencing outflow THE flood of foreign funds surging into Asian bourses over the past four weeks has been reversed by the ongoing credit woes in the United States. Singapore has started experiencing an outflow, with a net sale of US$2.1 million (S$3 million) […]

Leave a Comment Continue Reading →