Why job hunters need to be extra careful with FB, Linked In profiles

15 Oct 2012 - Singapore Business Review
Nearly half of Singaporeans using social media for recruitment reject candidates based on what they see from their profiles. Singapore recruiters are more comfortable using social media to screen candidates compared to their counterparts in China, Hong Kong and Australia according to a recent survey ...

Check out why there may be less Grade A offices available for rent

15 Oct 2012 - Singapore Business Review
Occupancy rate climbed to the highest level in five quarters. According to Colliers International, although Singapore’s office property market continued to writhe in the slowing global economy, the pull-back in Grade A office rents generally eased for the second consecutive quarter due largely to a widened ...

This is the biggest property investment sale yet in 2012

15 Oct 2012 - Singapore Business Review
The deal was worth a whopping $825m. According to Colliers International, in the commercial sector, buoyed by the conclusion of several big-ticket deals, the total investment sales value lapped up rose 36.8% to $2.12 billion from the preceding quarter. Here's more from Colliers International: Leading ...

Here's how retail sales in Singapore fared in August

15 Oct 2012 - Singapore Business Review
Retail sales increased 3.2% compared to a year ago. According to the Department of Statistics, retail sales (seasonally adjusted) increased 0.9% in August 2012 compared to July 2012. Excluding motor vehicles, retail sales rose 0.4%. Compared to a year ago, retail sales increased 3.2% in August 2012. ...

Fast food outlets beat restaurants with a 5.6% increase in sales

15 Oct 2012 - Singapore Business Review
Sales of restaurants declined 0.8% in August. According to Department of Statistics Singapore, sales of food & beverage services (seasonally adjusted) increased 1.4% in August 2012 compared to the previous month. Compared to a year ago, sales of food & beverage services rose 6% in August 2012. Here's ...

Singapore economy to grow by up to 2.5% in 2012

15 Oct 2012 - Singapore Business Review
The economy grew by a mere 1.3% in 3Q12. According to a release, based on advance estimates, the Singapore economy grew at a modest pace of 1.3 per cent on a year-on-year basis in the third quarter of 2012, compared to 2.3 per cent growth in the previous quarter. On a quarter-on-quarter seasonally-adjusted ...

SPH's worsening newspaper print ad revenues slip 5% in 4Q12

15 Oct 2012 - Singapore Business Review
Classified ads also dipped by 9%. Here's more from DBS Vickers: FY12 marginally below expectations. FY12 results ended 6% down y-o-y to S$365.6m on the back of a drop in print ad revenues (-0.7%), higher operating expenses (+4.5%) and lower investment income (-35%). Notwithstanding the weaker profits, ...

Here's why you can't buy a home with just $1,000psf

15 Oct 2012 - Singapore Business Review
Launches below this amount are becoming rare. According to Knight Frank, mass market home sales have hit a new record high in September 2012 as developers released more units following the Hungry Ghost Month. Here's more from Knight Frank: Although home buyers are less affected by the superstitious practices, ...

Check out the biggest loser among new launches in September

15 Oct 2012 - Singapore Business Review
It has the cheapest price of $849 yet 146 units were unsold. This is the table from URA and Knight Frank Research showing data from the new projects launched in September 2012. Developers’ sales in the first three quarters recorded 17,913 units, surpassing the previous record in 2010 (16,292 units sold ...

M1 profit crashes 14.1% to S$108.6m

15 Oct 2012 - Singapore Business Review
Blame it on higher handset subsidies. In a release, M1 announced the unaudited group financial results for the nine months ended 30 September 2012. Service revenue grew 2.8% to S$577.4 million, driven by growth in customer base and higher contribution from fixed services. Net profit after tax decreased ...