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S'pore attracts record investment commitments in 2011: EDB

Singapore attracted record investment commitments in 2011 despite the challenging global economic environment, said the Economic Development Board (EDB).

Data released at its annual Year-In-Review briefing showed that total business spending less depreciation was S$7.3 billion, up 1.4 per cent from its previous record year in 2010. 

Total business spending less depreciation refers to the adjusted annual operating expenditure of a project once it is fully implemented. 

Singapore's NODX up 9% on-year in December

Singapore's Non-Oil Domestic Exports (NODX) grew by 9.0 per cent on-year in December 2011, following a 1.4 per cent increase in the previous month.

On a month-on-month seasonally adjusted basis, NODX grew by 16 per cent in December, following the previous month's 5.8 per cent expansion, due to the rise in non-electronic NODX that outweighed the contraction in electronic NODX.

Mediakeys Singapore is officially a member of the Singapore Advertisers Association (SAA) and The Institute of Advertising (IAS)

Mediakeys is now glad to announce its affectation as an official member of the Singapore Advertisers Association (SAA) and the Institute of Advertising (IAS).

Mediakeys Singapore was recently invited to participate at the Cannes Lion Awards event. One of the most important events, in the World of Advertising organized in Singapore by Singapore Advertisers Association.

Also, we are pleased to take part in the Institute of Advertising in Singapore as an official member.

Singapore’s gross gaming revenue could hit US$7b

DBS Vickers Research said:

We expect Singapore’s gross gaming revenue (GGR) to hit an impressive US$6bn in 2011E and US$7bn in 2012F (yet to include potential impact of junkets). While junkets could lead to potential cannibalisation of the direct VIP segment and lower margins due to commissions, these should be mitigated by stronger volume growth and lower receivable provision/ impairment.

S'pore Q3 tourism receipts up 12%

Tourism receipts in Singapore rose 12 per cent from a year earlier to about S$6 billion in the third quarter of last year, the Singapore Tourism Board said yesterday. 

This takes the total tourism receipts to about S$17 billion for January to September, up 22 per cent year-on-year. 

Real estate investment sales reach S$28.6m in 2011

Singapore's real estate investment sales hit S$28.6 billion in 2011. This is slightly more than the S$27.9 billion worth of deals concluded in 2010.

This is based on data compiled by property consultancy firm DTZ Research on transactions that are above S$5 million in value. It excludes the S$1.1 billion worth of transactions in single residential units and lots that cannot be redeveloped or subdivided into more than one plot.

Singapore's economy grows by estimated 4.8% in 2011

The economy grew 3.6 per cent in the final three months to December to lift growth for the whole year to 4.8 per cent.

But in a worrying sign of things to come, the pace of growth dropped significantly with the economy contracting on a quarter on quarter basis.

The economy shrank 4.9 per cent in the last quarter when compared to the June to September period.

Watch the Video! La Paulée de Singapour

Click here to watch the video!


On Sunday 4 December, the French Chamber of Commerce in Singapore (FCCS) together with L’Angelus launched the first edition of La Paulée de Singapour at Fort canning Park!