Govt tenders in FY 2008 projected to exceed $8b
The government will be calling S$8 billion worth of tenders in its financial year 2008. Of these, about S$5.8 billion will involve building and construction projects which are proceeding as planned. These include projects to improve traffic on the Central Expressway as well as the Gardens by the Bay projects which will keep the Marina … Read more
Seletar Aerospace Park tenants hazy about future
Some unhappy incumbent operators at Seletar Aerospace Park are grumbling about facilities being taken away and poor communication by authorities who are developing the 300-hectare aerospace park. Better communication: Prithpal Singh, who runs EJA, says the agencies should engage tenants regularly Several tenants who spoke to BT said they feared their days in Seletar could … Read more
Be cautious in response to inflation: Stern
Mostly commodities driven; but changing diets is a worrying trend, says economist Policymakers should not overreact to rising inflation, which is largely commodities driven, according to eminent economist Nicholas Stern. However, there are some worrying long-term trends that could keep upward pressures on prices, he said. Mr Stern: Reckons that Asian economies would be affected … Read more
Your millions will not move me
This house dwarfed by tall condos, owners refuse to budge ON St Francis Road lies a piece of old Singapore – an old house between two tall, modern condominiums. The stilt-bungalow is a relic from a time when bullock carts, not cars, plied the roads, and old attap houses, not condominiums, lined the streets. But … Read more
Farm fun on Singapore vacations
More farms going into agri-tainment for extra income CITY-SLICKERS here can now go a little bit country if they want to. And the place to do it is in Singapore’s boondocks, where farms are re-inventing themselves. D’KRANJI FARM RESORT: Visitors can expect a spa, a seafood restaurant and a beer garden with a live band. … Read more
Asian policy makers face inflation vs growth dilemma
THAT banging sound across much of Asia is the stable door being slammed shut long after the galloping horse that is inflation has bolted. Governments are resorting to everything from rice export bans to price controls to prevent an unprecedented spike in food and energy costs from metamorphosing into more generalised inflation. Economists at Lehman … Read more
Decision to let Sing$ strengthen ‘not a response to spike in inflation’
Policy change not a knee-jerk reaction, but aimed at medium term, says Tharman THE decision to let the Singapore dollar rise further was not a knee-jerk response to a recent spike in inflation, but a decision with longer-term considerations in mind, said Finance Minister Tharman Shanmugaratnam yesterday. ‘Short term, we’re not in a crisis and … Read more
Tharman says recent MAS moves not in response to inflationary pressures
Finance Minister Tharman Shanmugaratnam on Sunday said Singapore has to be on its guard against inflation, or the country’s growth could be undermined. Responding to questions about the recent monetary adjustments made by Singapore’s central bank, Mr Tharman said the adjustments were not made in response to short-term inflationary pressures. “If you don’t continuously focus … Read more
