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More buying smaller private units

Soaring prices and home loan curbs are forcing increasing numbers of buyers to turn to ever smaller homes as they struggle to get on the property ladder.The median size of private homes sold dropped to...

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Vehicle entry fee hike to hit firms needing daily supplies

Firms here relying on a daily supply of raw materials from Malaysia are expected to be the hardest hit by an imminent hike in vehicle entry permit fees.Under the increased charges announced by...

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Tianjin Eco-city firms can get yuan loans from S’pore

Companies in the Sino-Singapore Tianjin Eco-city (SSTEC) can now take yuan loans from banks in Singapore as part of a move announced by China's central bank yesterday, boosting the Republic's efforts...

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HDB flat renovations: The Dos and Don'ts

You've finally gotten the keys to your new home, but before you get all excited and carried away with your renovations, check first that what you plan to do is allowed by the HDB.For instance, did you...

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Taiwan faces difficulty in becoming renminbi offshore financial center

TAIPEI, Taiwan - While Taiwan has the edge in developing a Chinese yuan offshore financial centre, there are many obstacles ahead, such as capital flow constraints and the delay in signing cross-strait...

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DBS Group predicts gains in global equity market for investors

TAIPEI - DBS Group recently encouraged investors to ante up securities holdings, given that the uptrend in the global equity market from 2009 is unlikely to terminate in the third quarter after a...

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New JTC subletting rules may hit SMEs hard: Experts

Tough new JTC rules on subletting could mean higher rents for small and medium-sized enterprises (SMEs) and even force some to vacate their premises, analysts said yesterday.The new rules, which kick...

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$5m fund for aerospace sector to boost productivity

A new $5 million fund has been set up to boost productivity in the aerospace sector.The initiative, to be funded by the Civil Aviation Authority of Singapore, aims to strengthen Singapore's position as...

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Fewer new flats this year as demand falls

The supply of new Housing Board flats has been further reduced amid declining demand, as the resale market continues to cool for the fifth consecutive month.About 1,900 flats, or 8 per cent, have been...

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Fewer new flats this year as demand falls

The supply of new Housing Board flats has been further reduced amid declining demand, as the resale market continues to cool for the fifth consecutive month.About 1,900 flats, or 8 per cent, have been...

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First Sponsor launches IPO at $1.50 a share

Real estate firm First Sponsor launched its public initial offering (IPO) yesterday but with the size of its share offering significantly reduced.The Chinese developer, owned by Hong Leong Group...

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Iskandar: Too many homes, too soon?

Recent news about mega developments in Johor's Iskandar region has investors asking: Will there be an oversupply of homes? Perhaps. But no one knows for sure because no good data exists.It has been...

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A love for all things 'ugly'

CREATIVE director Ken Tan declares: "I don't like beautiful things. I like things that no one would like." Yet, his home, while not to everyone's taste, is well put together.Home for Mr Tan and his...

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Johor Bill to be in force next year

PASIR GUDANG - The Johor Real Property and Housing Board Bill - which was passed by the state legislative assembly on June 9 - will come into force next year.Mentri Besar Datuk Mohamed Khaled Nordin...

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Indian premier Modi pins hope on new BRICS bank

NEW DELHI - Indian Prime Minister Narendra Modi headed to Brazil Sunday for a meeting of the BRICS group of emerging powers, hoping to seal the long-discussed deal to open a new development bank.Modi...

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Lawmaker proposes profit-share instead of pay hike

MANILA, Philippines - Instead of a wage hike for workers, how about mandatory profit-sharing?A lawmaker has proposed that all companies institutionalize profit-sharing with their rank-and-file, "so the...

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MasterCard holders spend $1b at GSS in June

MasterCard holders spent US$881.5 million (S$1.1 billion) in the first month of the Great Singapore Sale (GSS) from May 30 to June 29.This is 10.5 per cent more than during last year's sale, MasterCard...

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Banks take centre stage in markets

Banks were the movers and shakers for many stock markets last week, and that trend looks set to continue for now.In Singapore, United Overseas Bank shares surged almost 4 per cent in price on Friday...

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Singapore GDP contracts in Q2 as manufacturing tumbles

SINGAPORE - Singapore's economy contracted in April-June for the first time in seven quarters, hurt by a sharp drop in manufacturing activity, data showed on Monday.Singapore's GDP shrank by 0.8 per...

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Singapore Q2 GDP grew 2.1% year-on-year

THE Singapore economy performed worse than the market had expected in Q2 - expanding 2.1 per cent compared to a year ago - according to advance estimates of gross domestic product (GDP) released by the...

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