Retail rents in Singapore stabilizing

Retail rents in Singapore stabilizing
 
SINGAPORE : Positive consumer sentiment and the Great Singapore Sale have provided some support for the retail property market in Singapore.
 
But given the general uncertain global outlook, tenants have resisted committing to higher rents.
 
And according to property consultants DTZ, that has kept the retail sector stable during the second [...]

CDL opens Livia condo at Pasir Ris for preview

CDL opens Livia condo at Pasir Ris for preview
Initial units are priced at $650 psf on average; Kovan Residences launched
 
 
CITY Developments Ltd (CDL) has begun to preview its much-awaited Livia condo at Pasir Ris at an average price of about $650 psf for the initial batch of units, BT understands.
 
 
And next to Kovan MRT Station, [...]

US inflation rate ’still relatively contained’: Paulson

US inflation rate ’still relatively contained’: Paulson
 
(LONDON) Treasury Secretary Henry Paulson said inflation that strips out food and fuel costs in the US remains in check and he praised the job Federal Reserve chairman Ben S Bernanke is doing conducting monetary policy.
 
‘Core inflation is still relatively contained,’ Mr Paulson said in an interview that [...]

Frasers’ serviced apartments goal: Grow to 8,500 by 2010

Frasers’ serviced apartments goal: Grow to 8,500 by 2010
 
DRIVEN by rising corporate demand, Frasers Hospitality (Frasers) expects to grow its brand of serviced apartments to 8,500 by 2010. This will involve adding 5,000 apartments under the Frasers brand in the next two years.
 
 
China, India and Vietnam are three key areas of expansion for the hospitality [...]

Asian gateway S’pore not top draw for FDI: survey

Asian gateway S’pore not top draw for FDI: survey
209 senior execs polled see S’pore behind Japan, China, HK for HQ, logistics
 
 
(SINGAPORE) Singapore is seen as a less attractive investment destination than Japan, China and India, according to a survey by the Japan External Trade Organisation and Ernst & Young.
 
 
In the survey, which studied the perceptions [...]

Paulson: US downturn is biggest focus, not inflation

Paulson: US downturn is biggest focus, not inflation
 
LONDON – THE downturn in the United States economy is a greater worry than inflation at the moment, Treasury Secretary Henry Paulson said yesterday.
In a radio interview with the BBC, Mr Paulson, on a visit to London, was asked whether his main focus was growth or prices. [...]

Dow in bear territory

Dow in bear territory
 
NEW YORK – THE Dow Jones Industrial Average on Wednesday entered a bear market for the first time since 2002, with United States companies poised for the worst profit slump in six years.
The index slipped to 11,215.51 points on Wednesday from a high of 14,164.53 on Oct 9, causing firms to shed [...]

Singapore one of Asia’s most attractive investment destinations

Singapore one of Asia’s most attractive investment destinations
 
SINGAPORE is one of Asia’s best investment destinations for foreign firms, according to a study released yesterday.
The study covered over 200 international company executives – from chief executive officers to the heads of strategy.
 
The executives were asked in a survey conducted by financial advisory firm Ernst [...]

Frasers looking to expand in China, India and Vietnam

Frasers looking to expand in China, India and Vietnam 
Hospitality arm of F&N aims to add 5,000 serviced units over next two years
 
FRASERS Hospitality, undaunted by the uncertain global economic outlook, is pursuing an aggressive expansion strategy in China, India, Vietnam and other markets.
The hospitality arm of Singapore-listed conglomerate Fraser & Neave is a [...]

GUOCOLEISURE CHAIRMAN BUYS MORE SHARES

GUOCOLEISURE CHAIRMAN BUYS MORE SHARES
 
THE appetite of insiders for GuocoLeisure shares is growing even as bearish market conditions deter other investors.
 
Executive chairman Quek Leng Chan snapped up another 170,000 shares in the firm at 78 cents apiece on Wednesday, according to a company statement yesterday.
 
This is on top of the numerous purchases the [...]