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Can Singapore become Asia's leading IP hub?

26 Apr 2012 - Singapore Business Review
Government seems to think so with a new IP Steering Committee formed to galvanize IP services development. Intellectual property is a fast-growing global industry, and Singapore would do well to focus on becoming the regional leader in IP-related legal and financial services, said the Minister for Law ...

Will Scoot bite into Tiger Airways' market share?

26 Apr 2012 - Singapore Business Review
Upstart carrier announces S$88 Singapore-Bangkok fares that may well steal steal passengers from its pricier sibling. Singapore-Bangkok flights now cost roughly S$200 via Tiger Airways -- or almost twice the price of Scoot's -- and will lead to "some cannablisation" between the two SIA Group airlines, ...

Chart of the Day: New home sales up to 6,682 units in Q1

26 Apr 2012 - Singapore Business Review
The new high surpassed even the full-year sales of 2000, 2003, 2004, and 2008. Savills Research said: Buying interest gathered pace in January this year with 2,077 new units transacted, three times the 670 units sold in December 2011 after the release of cooling measures earlier that month. New homes ...

Disappointing industrial production figures loom

26 Apr 2012 - Singapore Business Review
Analysts project overall industrial production output to have shrunk by 10.7%, based on the significant decrease in non-oil domestic export growth. The NODX growth was earlier reported to have dropped by 16.8% MoM versus consensus forecast of -4.3% MoM sa, though analysts from DBS say that trade and ...

Singapore Airlines gets caught up in global turmoil

26 Apr 2012 - Singapore Business Review
Earnings are estimated to plunge by 56%, worsened by jet fuel prices and the unstable European economy. More sobering news plague SIA as cargo yields decline by about 5% YoY. Segregation of routes between Tiger Airways and Scoot also awaits resolution. Here's more from Maybank Kim Eng: Singapore Airlines ...

Maritime industry survival hinged on innovation

25 Apr 2012 - Singapore Business Review
Singapore minister says it is the only way firms can overcome brutally low demand and steep fuel prices. Innovation is the answer to the daunting business challenges of the maritime sector, said Mr Goh Chok Tong, Emeritus Senior Minister, which is why the government is focusing so much on fostering it ...

Chart of the Day: Singaporeans are living longer

25 Apr 2012 - Singapore Business Review
Life expectancy has improved steadily over the last three decades from 72 years in 1980 to 82 years in 2010. The National Population and Talent Division of the Prime Minister’s Office said that Singapore’s expectancy is currently one of the highest in the world.

Surging COE premiums to drive inflation in the coming months

25 Apr 2012 - Singapore Business Review
The hike may be due to the government's target to decrease car population growth rate from 1.5% to 0.5% per annum. According to DBS, the government’s unwavering determination to bring car population growth rate down to 0.5% per annum, from 1.5% previously, as well as the continued high demand for private ...

Higher foreign labor costs to hurt local consumers

25 Apr 2012 - Singapore Business Review
With the tightening in foreign labour policy, wage cost pressure will keep core inflation elevated at around 3-3.5% level. According to DBS, apart from higher transportation costs, domestic inflationary pressure is likely to stay elevated due to higher wage cost. Much has to do with the government measures ...

Tourist arrivals in Singapore to boost CapitaMalls Asia's retail sales

25 Apr 2012 - Singapore Business Review
With a forecast of 14.5 million tourists this year, CMA expects more people to shop till they drop. In a release, CapitaMalls Asia Limited announced that it posted profit after tax and minority interests of S$66.8 million for 1Q 2012, an increase of 36.1% from the S$49.1 million for 1Q 2011. Earnings ...