Parkway Life REIT beats forecasts with gross revenue of S$11.9m

Parkway Life REIT beats forecasts with gross revenue of S$11.9m
 
SINGAPORE: Mainboard-listed Parkway Life REIT has booked a distributable income of S$9.8 million for the first quarter.
 
That works out to a distribution per unit (DPU) of 1.62 cents.
 
All in, gross revenue hit S$11.9m on the back of sustained demand for private healthcare.
 
The REIT’s [...]

PM Lee says Singapore will continue to develop financial sector

PM Lee says Singapore will continue to develop financial sector
 
SINGAPORE: Prime Minister Lee Hsien Loong said Singapore will continue to develop the financial sector as more activities are being moved to the city-state.
 
Mr Lee, who was speaking to 120 bankers at the hour-long Thomson Reuters Dialogue on Tuesday, added that more would be done [...]

Developers may get grants of up to S$1m when installing solar panels

Developers may get grants of up to S$1m when installing solar panels 
 
SINGAPORE: The Economic Development Board (EDB) has unveiled more details of the Solar Capability Scheme, aimed at spurring demand for clean technology and building up expertise in the new industry.
 
The S$20 million scheme was first announced in Parliament in April by Senior [...]

Sg property mkt sees $8.5bn in investment activity in Q1

Sg property mkt sees $8.5bn in investment activity in Q1 
 
Investment activity in Singapore’s property market remained upbeat in the first quarter, despite uncertainties arising from the instability of global financial markets.
 
A report from property consultancy CB Richard Ellis said 8.5 billion dollars’ worth of investment transactions were recorded here over the first quarter. [...]

M&C profits up 16 pct in Q1

M&C profits up 16 pct in Q1 
  
Millennium and Copthorne Hotels, which runs more than 110 properties worldwide, said its first-quarter profit rose 16 percent after customers paid more for rooms in Singapore and New York.
 
Net income grew to 28 million US dollars, while revenue per available room gained 7.4 percent.
 
Millennium is 53-percent owned [...]

Private sector to get S$20m for solar capability development

Private sector to get S$20m for solar capability development
 
SINGAPORE: The private sector can tap on S$20 million to offset part of the capital costs of installing solar technologies in new building projects, the Economic Development Board (EDB) announced on Tuesday.
 
The Solar Capability Scheme (SCS), launched at SEMICON Singapore 2008, is the latest programme by [...]

They’re Young And Wealthy but Normal

They’re Young And Wealthy but Normal
 
·  They drive hybrid cars
 
·  They donate to needy
 
·  They say no to luxuries
 
WHEN Mr Ray Sidney, a software engineer at Google, cashed in his stock options in 2003, they yielded him more money than he could ever spend in his lifetime.
 
06 May 2008
 
WHEN Mr Ray Sidney, [...]

CHIN SWEE ROAD’S ‘SPIDER-MAN UNCLE’

CHIN SWEE ROAD‘S ‘SPIDER-MAN UNCLE’
 
Retiree, 68, climbs in & out of 10th-storey flat for past six months His reason?
 
I keep losing my KEYS
 
ONE slip, and it can mean certain death.
 
By Chong Shin Yen
 
 
06 May 2008
 
ONE slip, and it can mean certain death.
 
Yet, 68-year-old Heng Teck Song insists on climbing in and out of [...]

Warren Buffett says the ‘R’ word

Warren Buffett says the ‘R’ word
 
Housing woes seen hurting bank results for a couple of years
 
(OMAHA, Nebraska) Warren Buffett, the world’s richest person, said on Sunday that the US economy is in recession, putting him at odds with a government report that showed weak growth.
 
Mr Buffett offered his assessment during a wide-ranging news [...]

Greenspan: US is in an ‘awfully pale recession’

Greenspan: US is in an ‘awfully pale recession’
 
Continued stagnation this year may be the best the US can hope for
 
(WASHINGTON) Former Federal Reserve chairman Alan Greenspan said the US has slipped into an ‘awfully pale recession’ and may continue to languish for the rest of the year.
 
‘We are clearly receding’, with economic [...]