Retailers gearing up for competition from new malls

Retailers gearing up for competition from new malls
 
SINGAPORE : The expected influx of retail space in Singapore in the next few years, and the promise of newer concepts from retailers overseas, are keeping current stores in Singapore on their toes.
 
The Singapore Retailers Association said many local names are starting to gear up for the [...]

Marina Bay hotels in demand for National Day Parade

Marina Bay hotels in demand for National Day Parade
 
SINGAPORE: Demand for hotel rooms around the Marina Bay area this weekend is high as many Singaporeans will be checking in to watch the National Day parade.
 
Many view the hotels as vantage points to watch the parade in air-conditioned comfort.
 
Some Singaporeans are willing to splurge, [...]

Heeton Holdings reports 94% plunge in H1 net profit

Heeton Holdings reports 94% plunge in H1 net profit
 
SINGAPORE : Heeton Holdings on Friday said its net profit for the six months ended June 30 plummeted 94 per cent to S$4.2 million due in part to losses from associated companies and higher operating expenses.
 
The company reported a 40 per cent improvement in revenues to [...]

7 blocks at Commonwealth Drive picked for SERS

7 blocks at Commonwealth Drive picked for SERS
 
SINGAPORE : Seven blocks along Commonwealth Drive are the latest to come under the Housing and Development Board’s (HDB) Selective En bloc Redevelopment Scheme (SERS).
 
Blocks 74 to 80, which are 44 years old, will make way for redevelopment. The latest site has a total of 669 flats. [...]

Singapore cuts 2008 GDP growth forecast to 4%-5%

Singapore cuts 2008 GDP growth forecast to 4%-5%
 
SINGAPORE: Singapore Prime Minister Lee Hsien Loong, in his National Day message, has cut the 2008 GDP growth forecast to between 4 per cent and 5 per cent from an earlier estimate of between 4 per cent and 6 per cent.
 
He also said the country faces a [...]