Singapore’s unemployment rate rises to 2.3% in Q2

Singapore’s unemployment rate rises to 2.3% in Q2
 
SINGAPORE: Singapore’s unemployment rate rose to 2.3 per cent in the second quarter after seasonal adjustments amid economic uncertainties, according to estimates from the Ministry of Manpower.
 
For the second consecutive quarter, the overall jobless rate climbed from a seasonally adjusted 1.7 per cent in December to 2.0 [...]

Marina Bay IR’s operator Las Vegas Sands reports net loss in Q2

Marina Bay IR’s operator Las Vegas Sands reports net loss in Q2
 
Las Vegas Sands, the company behind the Marina Bay integrated resort, has reported a net loss in the second quarter due to higher costs
 
The casino operator posted a net loss of 8.8 million US dollars, or 2 cents per share, compared with a [...]

CapitaLand’s Australand unit suffers heavy share prices losses

CapitaLand’s Australand unit suffers heavy share prices losses
 
CapitaLand’s Australian unit Australand said it has raised 364 million Australian dollars from existing institutional shareholders.
 
In a filing with the Singapore Exchange, the firm said institutional shareholders were sold stocks at 60 Australian cents apiece.
 
It also plans to raise another 121.8 million Australian dollars from retail investors.
 
Shares [...]

PropNex implements self-regulatory measures to improve agents’ image

PropNex implements self-regulatory measures to improve agents’ image
Following its move to fire almost 3,000 of its agents, one of Singapore’s largest property firm PropNex has announced a new set of targets for its agents, in a bid to improve the image of its workforce.
 
For starters, all of its agents now have to sign up [...]

Singapore’s unemployment rate rose to 2.3% in Q2

Singapore’s unemployment rate rose to 2.3% in Q2
  
The jobless rate in Singapore rose to 2.3 percent by the end of the second quarter..
 
This is higher than the 2 percent in the first quarter and 1.7 percent in the final quarter of last year.
 
But economists say the figures still reflect a healthy labour market.
 
The latest [...]

Three parts to Dawson’s new face

Three parts to Dawson’s new face
 
THE public first got wind of the ambitious vision last August, when Prime Minister Lee Hsien Loong spoke of giving the 56-year-old Dawson Estate a new face.
 
Now, the surgeons who will design its new face have been appointed, and flats could go on sale by next year.
 
Construction [...]

Solved – the Rental spike mystery:

Solved – the Rental spike mystery:
 
:It was caused not by ajump in demand, but bya contraction in supply
 
LAST week, I suggested that the private housing oversupply may have been understated.
 
This is because units that have been bought by investors can still be considered as part of the housing supply until they are [...]

Lost in a labyrinth?

Lost in a labyrinth?
 
IT WAS modelled after Japan’s fashionable shopping districts and then successfully replicated on the first floor of Singapore’s Far East Plaza.
 
Naturally, the “LevelOne” concept — of vintage stores and first-time entrepreneurs selling homegrown fashion labels — was expected to be a hit when rolled out on a bigger scale at [...]

Award-winning architects to design new Dawson Estate

Award-winning architects to design new Dawson Estate
 
SINGAPORE: Two award-winning private architects have been officially appointed by the Housing and Development Board (HDB) on Wednesday to put a new spin to the old Dawson Estate in Queenstown.
 
SCDA Architects Pte Ltd and WOHA Architects Pte Ltd were earlier commissioned to draw up plans for two separate [...]

CDL Hospitality Trusts looks to foreign markets to grow

CDL Hospitality Trusts looks to foreign markets to grow
 
SINGAPORE: CDL Hospitality Trusts is setting its sights overseas for potential acquisitions, favouring markets like Japan and China.
 
It said that while the Singapore hospitality sector is still strong, it is also seeing many interesting offers from the rest of Asia.
 
Medical tourism and a growing financial [...]