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Archive for April, 2008

US economy limps ahead with 0.6% growth

US economy limps ahead with 0.6% growth
Posted: 30 April 2008 2254 hrs
WASHINGTON: The US economy managed to avert the onset of recession as it struggled to grow at a 0.6 percent annual pace in the first quarter, government figures showed on Wednesday.
The first estimate of gross domestic product was slightly better than expected and came [...]

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US stocks mostly lower after weak consumer, housing data

US stocks mostly lower after weak consumer, housing data
Posted: 30 April 2008 0537 hrs
NEW YORK: Wall Street ended mainly lower on Tuesday as a weak reading on consumer confidence and a survey showing steeper home prices declines offset the positive impact of a sharp drop in crude oil prices.
Trade was cautious a day ahead [...]

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MRT ridership up 7.9% to over 469m last year

MRT ridership up 7.9% to over 469m last year
By Timothy Ouyang, Channel NewsAsia | Posted: 30 April 2008 0013 hrs
SINGAPORE : SMRT has seen ridership going up since it increased train runs in February.
Ridership for January to March alone shot up 10.9 percent, following the increase in taxi fares.
For the entire year, ridership was [...]

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More jobs created in early 2008

More jobs created in early 2008
Posted: 30 April 2008 1145 hrs
Singapore - More jobs were available in the Singapore’s services sector in the past few months, contributing to a growth in employment figures.
Preliminary estimates show that employment grew by 68,400 in the first quarter of 2008 as the economy picked up pace. This growth in [...]

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Underpass linking City Hall MRT to Suntec City Mall opens to public

Underpass linking City Hall MRT to Suntec City Mall opens to public
By Lynlee Foo, Channel NewsAsia | Posted: 30 April 2008 1755 hrs
SINGAPORE: An underground public walkway connecting One Raffles Link to Suntec City Mall is now open once again.
And from now till 4 May, Suntec City Mall is giving away free coffee, chocolates [...]

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Keppel Land enters joint venture with Sunsea Yacht Club

Keppel Land enters joint venture with Sunsea Yacht Club
By Channel NewsAsia | Posted: 30 April 2008 2105 hrs
SINGAPORE: Keppel Land has entered into a joint venture with Sunsea Yacht Club to develop its first integrated residential cum marina lifestyle development in Zhongshan, Guangdong.
Keppel Land will have an 80 per cent stake in the venture [...]

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Smith Street market reopens on Thurs, 10% of stalls will resume business

Smith Street market reopens on Thurs, 10% of stalls will resume business
By Heather Tan, Channel NewsAsia | Posted: 30 April 2008 2123 hrs
SINGAPORE : After 22 months of renovations, the Smith Street market in Chinatown is set to re-open on Thursday.
However, only about 10 percent of the stalls will resume business as a majority [...]

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40% of Tekka Centre tenants opt to move to temporary market

40% of Tekka Centre tenants opt to move to temporary market
By Chitra Balagumaran, Channel NewsAsia | Posted: 30 April 2008 2144 hrs
SINGAPORE : Only 40 percent of shop owners at the Tekka Centre in Little India have opted to move to the temporary market along Race Course Road.
The Tekka Centre along Serangoon Road [...]

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JTC releases North Buona Vista Drive site for sale

JTC releases North Buona Vista Drive site for sale
Posted: 30 April 2008 2151 hrs
SINGAPORE : JTC Corporation releases its North Buona Vista Drive (LX 1-1) site for sale under the government’s reserve list .
The 99-year lease site is located at the junction of North Buona Vista Road and Commonwealth Avenue West.
Under the Reserve List [...]

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US home prices in steeper fall

US home prices in steeper fall
Posted: 29 April 2008 2320 hrs
WASHINGTON : Home prices in major US cities slumped an average of 12.7 percent year-to-year in February, a survey showed on Tuesday in a sign of even deeper troubles for the ailing housing market.
The Standard & Poor’s/Case-Shiller index of prices in 20 major cities [...]

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