Chip Eng Seng wins $124m contract to build HDB flats in Sengkang
Chip Eng Seng has won a $124m HDB contract to build five residential blocks in Sengkang. The contract also includes the construction of a multi-storey car park, with a planned community facility on the first floor and a precinct pavilion. Construction is expected to begin this month, and be completed by 2011. The new contract … Read more
Singapore ranked 2nd in Asia, 4th in the world as key centre of commerce
Singapore ranks second in Asia after Tokyo as a key centre of commerce, according to a study by MasterCard Worldwide Research. The study ranks the top 75 centres of commerce by comparing how they perform critical functions that connect markets around the world. Globally, Singapore takes fourth spot ahead of Hong Kong which is sixth … Read more
Singapore upgrades
Does the Urban Redevelopment Authority’s Draft Master Plan live up to its ambitious vision? What do you like most about the plan, and what would you change or add? THE URA’s Draft Master Plan focuses boldly on decentralisation, bringing buzz to the outskirts. I am positive that with this plan in place, Singaporeans will be … Read more
Expat schools make room for growing population
Aussie school’s $45m extension is latest; long waiting lists at popular ones THE Australian International School’s new campus extension in Lorong Chuan makes it the latest among international schools here to address the issue of the squeeze on places. The $45 million junior school complex is a self-contained one on the school’s existing campus. The … Read more
BRIC economies gaining clout in wake of crisis: Goldman analyst
They may overtake many of the West’s leading economies in the next 50 years The Western financial crisis means that the fast-growing economies of Brazil, Russia, India and China (BRIC) will grow their share of the world economy even faster than originally forecast, the founder of the four-nation BRIC concept told Reuters. The term BRIC … Read more
Tharman: S’pore not headed for recession
But there will be discomfort on the ground, he says DESPITE the growing prices of food and oil around the world, Singapore is not heading for a economic recession, Finance Minister Tharman Shanmugaratnam said yesterday. According to Channel NewsAsia reports, Mr Tharman said at a community event that from all indications at this point, he … Read more
No signs of a recession, says Tharman
But the hike in fuel prices in Malaysia will cause discomfort here SINGAPORE is not heading for a recession, said Finance Minister Tharman Shanmugaratnam, although fuel price increases in Malaysia would lead to discomfort. ‘From all indications we have at this point, I don’t think we’re heading for a recession. ‘But there will be discomfort … Read more
Tharman Shanmugaratnam says S’pore not headed for a recession
Finance Minister Tharman Shanmugaratnam on Sunday gave the assurance that Singapore is not heading for a recession. Speaking at a community event, Mr Tharman said, “From all indications we have at this point, I don’t think we’re heading for a recession. But there will be discomfort on the ground. Unfortunately, the fuel price increase in … Read more
