Latest News

SMEs to benefit from free business advisers

Businesses in the North Eastern part of Singapore can now get free business advice and job matching services.

These new initiatives are part of a joint collaboration between the Association of Small to Medium Enterprises (ASME), SPRING Singapore and the North East Community Development Council.

Business advisers from the ASME will be seconded on a permanent basis to the Tampines head office of the North East Community Development Council (NECDC).

Retail rents in S'pore edge up in Q2

Singapore's retail rents remained resilient in Q2 2012, supported by a high employment rate and tourist arrivals.

According to property consultancy DTZ, the average rents of prime retail space in Orchard/Scotts Road rose marginally by 0.1 per cent quarter-on-quarter to S$30.33 per sq ft per month. Meanwhile, average rents in suburban areas increased 0.2 per cent to S$28.35 per sq ft per month.

Over 1,200 exhibitors at CommunicAsia2012

Some 53,000 ICT professionals from 48 countries are expected at CommunicAsia2012 and EnterpriseIT2012 at Marina Bay Sands. BroadcastAsia2012, which focuses on the broadcasting market, will take place concurrently from June 19 to 22 at Suntec Singapore.

Event organiser Singapore Exhibition Services (SES) expects the four-day event to attract professionals from the information and communications technology (ICT) industry, who can expect to see the latest developments in technology and discuss industry trends and problems.

S'pore companies to budget US$5.3b for digital spending by 2016: PwC

The growing use of technology in Singapore has prompted more businesses to develop digital strategies to connect with their customers, according to the latest Global Entertainment and Media Outlook report by accounting firm Pricewaterhouse Coopers (PwC).

PwC said digital spending will increase to nearly half of all entertainment and media budgets for companies operating in Singapore in the next five years, growing from 39 per cent in 2012 to 45 per cent in 2016.

US$4b worth of ICT deals to be inked at CommunicAsia 2012

More innovative mobile technologies are slated to be unveiled at this year's CommunicAsia, which kicks off next Tuesday at Marina Bay Sands.

Organisers said there'll be more than 1,200 exhibitors, 80 per cent of which are from overseas. Two hundred exhibitors are taking part for the first time to launch their latest products.

The four-day trade event, which will be held alongside BroadcastAsia, is expected to draw about 53,000 participants.

Orange Business Services named Data Communications Service Provider of the Year 2012

Orange Business Services, a leading global integrator of communications solutions for multinational corporations, has been named the 2012 Data Communications Service Provider of the Year by international market research and technology analysts Frost & Sullivan. Orange is the recipient of the prestigious award for the second consecutive year.

France's GDF Suez sets up trading unit in Singapore

French gas and power group GDF Suez opened a trading floor in Singapore this week, seeking to boost investment in Asia with financial trading of crude oil, refined oil products, coal and gas, the company said on Thursday.

While initially focusing on oil derivatives, it plans to set up a physical coal trading desk by next year.

The Asian expansion was aimed at offsetting stagnation in the European and US markets, said Mr Philippe Vedrenne, deputy chief executive officer of GDF Suez Trading.

CPI inflation forecast to average between 3.5% and 4.5% in 2012

MAS says CPI-All Items inflation is expected to remain elevated and volatile over the coming months.

The Monetary Authority of Singapore noted:

CPI-All Items inflation moderated from 5.5% in Q4 2011 to 4.9% in Q1 2012 due to the lower contribution of oil-related items, food and, notably, cars. Meanwhile, accommodation cost, which remained the single largest contributor to CPI-All Items inflation, increased by 10.1%, led by the sharp rise in residential property rentals.