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A 'disorderly' default in Europe is now a possibility and holds grave dangers for the Singapore economy, the Government warned on Thursday.
The increased risk that the European crisis will spin out of control is a key reason the Trade and Industry Ministry (MTI) is sticking to its growth forecast of between 1 and 3 per cent this year, despite positive signals from the economy in recent months.
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Singapore has reported record tourist arrivals since the integrated resorts opened in 2010, but the increase in numbers has not helped boost retail sales.
A record 14.5 million tourists are expected to visit Singapore in 2012, up 10 per cent from 2011.
Tourism receipts are also projected to grow 8 per cent to reach S$23 billion to S$24 billion.
But the Singapore Retailers Association (SRA) said the proportion of tourists' retail spending has remained unchanged at one quarter of total retail sales, even after the opening of the integrated resorts.
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Singapore has reported record tourist arrivals since the integrated resorts opened in 2010, but the increase in numbers has not helped boost retail sales.
A record 14.5 million tourists are expected to visit Singapore in 2012, up 10 per cent from 2011.
Tourism receipts are also projected to grow 8 per cent to reach S$23 billion to S$24 billion.
But the Singapore Retailers Association (SRA) said the proportion of tourists' retail spending has remained unchanged at one quarter of total retail sales, even after the opening of the integrated resorts.
Please click here to read the news |
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You may have noticed prominent green cubes adorning cabs and train stations recently.
What you may not know is that these cubes are part of Manulife Singapore's newly launched multi-channel branding campaign. Manulife's iconic green cubes are featured with key messages that relate to life insurance, wealth management and retirement planning.
Manulife is committed to provide solutions for their clients' most significant financial decisions.
This new campaign includes TV commercials, out-of-home displays, an interactive online game and even a social media programme. The commercials have already aired on Channels 5, 8, Channel NewsAsia and Starhub Cable.
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The Singapore economy grew by 1.6 per cent on a year-on-year basis in the first quarter of 2012, compared to 3.6 per cent in the preceding quarter.
On a quarter-on-quarter seasonally-adjusted annualised basis, the economy expanded by 10.0 per cent, reversing the 2.5 per cent contraction in the previous quarter.
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Brisk economic growth but at the same time, rapidly rising income inequality. Well-connected industries doing just fine, and more high net worth individuals than ever – but more than half of the population clustered around the poverty line. Sound like a fast-forward version of the US? This is Indonesia, right now.
One high-ranking government official proposes a long-term solution. “We need more entrepreneurs,” according to Dr. Gusti Muhammad Hatta, the newminister of research and technology who has taken a leading role in a buddingeffort to jump-start innovation and, he hopes, the new businesses and employment it can create.
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Singapore has come out tops in Asia, according to a new ranking that rates countries on how good they are at providing higher education.
The Republic took the 11th spot in the ranking of 48 countries and cities, commissioned by Universitas 21, a global network of research-intensive universities which include the National University of Singapore (NUS).
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Dear Members,
ICCS in collaboration with Singapore Chinese Chamber Institute of Business is pleased to announce the first course: GATEWAY to MANDARIN.
GATEWAY to MANDARIN is a conversational based course, which is specially designed for those with absolutely no knowledge of Mandarin. Participants are introduced to language for every day situation, the Hanyu Pinyin phonetic system and simple Chinese phrases.
Course Outline
- Ø Introduction to Hanyu Pinyin and Greeting
- Ø Self-Introduction and Getting to know Each Other
- Ø Work and Family
- Ø Facts and Figures
- Ø Time and Daily Activities
- Ø Dates and Schedules
- Ø Sports and Hobbies
- Ø Shopping and Colours
ICCS Members Fee: 560+GST
For more information regarding the course please contact ICCS |
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Singapore Telecommunications Ltd (SingTel) said on Wednesday that its group mobile customer base reached 445 million users as of March 2012, up nearly 11 per cent from a year ago.
Its total mobile customer base grew by 273,000 customers or 8.3 per cent from a year ago to 3.58 million as at March 31
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Indonesia’s central bank is expected to hold the policy rate when it meets on Thursday after economic growth was the slowest in six quarters, a Reuters poll has found.
All 16 economists polled by Reuters forecast the benchmark rate would be kept at a record low of 5.75 percent for a third straight month this Thursday.
Banks currently have to maintain 8 percent of their total deposits as cash reserves and 2.5 percent as securities or bonds. Reserve requirements on dollar deposits are also at 8 percent.
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