World economy is ‘teetering on brink’ of downturn: UN

World economy is ‘teetering on brink’ of downturn: UN 
 
UNITED NATIONS - THE world economy is ‘teetering on the brink’ of a severe downturn and will grow by only 1.8 per cent in 2008, the United Nations said in its midyear economic projections.
That’s down from a global growth rate of 3.8 per cent in [...]

US April housing starts rise best since Jan 2006

US April housing starts rise best since Jan 2006
 
Construction starts on new US homes rose by a surprisingly strong 8.2 per cent in April and applications for new building permits turned up for the first time in five months, the Commerce Department said on Friday in a report showing the hard-hit housing sector still had [...]

UN slashes world 2008 growth forecast

UN slashes world 2008 growth forecast
 
UNITED NATIONS - The United Nations on Thursday sharply curtailed its forecast for world economic growth this year because of worsening US housing and credit markets.
 
In a midyear update of its annual economic survey, the world body predicted a rise in global gross domestic product of just 1.8 per cent [...]

Allgreen to contest appeal related to Regent Garden

Allgreen to contest appeal related to Regent Garden
 
Allgreen Properties Limited said it would ‘vigorously contest’ the notices of appeal related to its Regent Gargen enbloc purchase that was served to the property developer on Friday.
 
‘Allgreen was served today with notices of appeal. This appeal is curious given that the sale and purchase of Regent Garden [...]

Genting forms JV to build cooling plant on Sentosa

Genting forms JV to build cooling plant on Sentosa
 
Genting International on Friday announced the formation of DCP (Sentosa) Pte Ltd, a joint venture between Resorts World at Sentosa, its indirect subsidiary, and Sentosa Leisure Management (SLM).
 
The purpose of the joint venture is to build and operate a district cooling plant on Sentosa Island to supply [...]

Reason HDB repairs take two months

Reason HDB repairs take two months 
 
WE REFER to Mr David Soh’s letter last Friday ‘Why so long for simple repair jobs?’, on why Marine Parade Town Council takes two months to complete simple projects such as repair, washing and repainting of the external walls of HDB flats.
The repairs and redecoration programme (R&R), which [...]

Bar raised; no gold BCA design awards

Bar raised; no gold BCA design awards
 
By LIM WEN JUIN
 
THE Building and Construction Authority (BCA) announced the results of its 2008 Universal Design Awards yesterday.
 
Out of 34 entries - one more than in the inaugural competition last year - three buildings garnered a silver award and six attained a bronze award.
 
Buildings were judged on six [...]

CDL reveals what it does for society and environment

CDL reveals what it does for society and environment
 
By CONRAD TAN
 
CITY Developments Ltd (CDL) yesterday launched its first annual report focusing on the property developer’s impact on the environment, such as energy usage and carbon emissions.
 
The 54-page voluntary report, one of the first of its kind for a Singapore public-listed company, also details CDL’s [...]

Banyan Tree posts 38% Q1 profit jump

Banyan Tree posts 38% Q1 profit jump
Revenue boosted by strong growth in hotel investment and property sales
 
By SARA LIM
 
RESORT operator Banyan Tree Holdings has reported a 38 per cent increase in net profit to $15.4 million for its first quarter ended March 31.
 
Total revenue, including other operating income of $7.8 million, rose 34 per [...]

Slower profit growth ahead, warn analysts

Slower profit growth ahead, warn analysts
 
Volatile markets, higher raw material costs and possible US recession could hurt bottom lines
 
CORPORATE Singapore enjoyed a sparkling first quarter despite the threat of a worldwide economic slowdown, spiralling inflation and a global credit crunch.
 
And while analysts warn that the road ahead will get rougher, results from the three months [...]