Non-landed private residential resale prices increased by 0.6 per cent last month, compared with the month before, SRX Property said on Tuesday (Dec 8). The core central region and the rest of the central region recorded price increases of 3 per cent and 1.3 per cent respectively, while homes outside the central region posted a price decrease of 0.8 per cent.
Concerns over global economic growth are weighing on the sentiment of Singapore firms, with a Trade Confidence Index compiled by HSBC falling sharply. The Trade Confidence Score for Singapore fell to just 109 points in
Sembcorp Marine has forged a new industry record for the highest number of liquefied natural gas (LNG) vessel repair and upgrade projects in a single year. The company has topped the list for the fourth year running, securing a total of 34 such projects in the global market.
The slowing world economy looks set to get a boost from stronger consumer demand next year (2016), as low inflation boosts the real value of workers' pay rises to a three-year high, a survey said on Tuesday (Dec 8).
China has brought to an end Japan's dominance of Asia's high-technology exports, according to the Asian Development Bank. China's share of Asia's exports of high-tech goods such as medical instruments and aircraft and telecommunications equipment rose to 43.7 per cent in 2014 from 9.4 per cent in 2000, the ADB said.
The United States is temporarily easing trade restrictions on Myanmar by allowing all shipments to go through its ports and airports for six months, an effort to boost the country's opposition party after its landmark election win in November, US officials said on Monday.