Philip Chua Business Blog

Posts Tagged ‘board’

SINGAPORE'S real GDP growth could rise 1-1.5 percentage points on the back of higher tourism receipts if the Singapore Tourism Board's (STB) targets are met at the end of the year. In a report, Credit Suisse estimates that every dollar increase in tourism spending could add an additional $0.80 to GDP growth. 'If this forecast is correct, we estimate it would increase the ratio of tourism receipts ... more

(SINGAPORE) Banks and big insurers here will have to fill more than half the positions on their boards and key board committees with independent directors, instead of the minimum one-third now, under new proposals to strengthen the corporate governance of financial institutions here by the Monetary Authority of Singapore (MAS).
The definition of independence would also be tightened; a director wou… more

THE Housing Board has released 1,534 flats at two new projects, in the latest move to allay widespread fear of a public housing shortage.
Yesterday, it launched 750 build-to-order (BTO) units in Punggol and 784 in Woodlands. A further 1,000 BTO flats in Sengkang and Sembawang are slated for launch next month.
The launches are in line with the HDB’s plan to offer an islandwide spread of 7,000 BTO f… more

MANUFACTURING output increased by 14.4 per cent last month on a year-on-year (y-o-y) basis.

And excluding the volatile biomedical manufacturing cluster, output increased by 23.9 per cent.

The electronics cluster saw the biggest jump with a 57.3 per cent increase in output last month (y-o-y).
The Singapore Economic Development Board (EDB) attributed this to higher demand, coupled with the low b… more

THE Housing and Development Board (HDB) yesterday launched four new build-to-order (BTO) projects – including two highly anticipated developments in Queenstown – bringing the total supply of BTO units to 13,500 this year.
2,670 new units are being offered in the latest BTO exercise – the largest number of flats at any one launch in recent years, HDB said.
The Queenstown projects are SkyVille@Dawso… more

AGGRESSIVE promotions and new model launches combined with a three- week interval to push COE premiums up across the board.

There is usually a two- week break between bidding exercises for certificates of entitlement. So when it is longer than usual, more orders are collected – giving premiums a boost.

In yesterday’s tender, Category A, for cars below 1,600cc, jumped $1,313 to $18,502, while C… more