Singapore Property and Real Estate News Portal

US stocks mark time amid easing oil, firming dollar Posted: 31 May 2008 0544 hrs NEW YORK – US stocks marked time Friday after three days of gains amid easing oil prices, a firming dollar and consumer spending and income figures in line with expectations. The Dow Jones Industrial Average fell 7.90 points (0.06 percent) [...]

Singapore more prepared for infectious disease outbreak By Hasnita A Majid, Channel NewsAsia | Posted: 31 May 2008 1906 hrs SINGAPORE: Singapore was declared SARS-free five years ago. Learning from that episode, the country is now more prepared to face an infectious disease outbreak. Dr Dessmon Tai was in charge of the Intensive Care Unit [...]

Govt to roll out more initiatives to bring innovation to the marketplace By Imelda Saad, Channel NewsAsia | Posted: 31 May 2008 2117 hrs SINGAPORE: Expect more initiatives to be rolled out this year to help researchers in Singapore transfer their ideas from paper to marketplace. Finance Minister Tharman Shanmugaratnam hinted at this when he [...]

Oil prices slide after US energy report Posted: 30 May 2008 0414 hrs NEW YORK: Oil prices fell sharply in volatile trade on Thursday as traders reacted to a weekly US energy report that revealed a slump in crude oil inventories. Prices had initially jumped higher in the wake of the report’s release, but values [...]

US dollar gains on US growth data, easing oil prices Posted: 30 May 2008 0612 hrs NEW YORK: The US dollar strengthened on Thursday after US growth figures were revised higher, suggesting underlying strength in the economy despite the ravages of the sub-prime mortgage crisis. Dealers said the dollar got a boost after first-quarter US [...]

US consumer confidence falls to 28-year low in May Posted: 30 May 2008 2237 hrs NEW YORK : A survey on Friday showed that US consumer confidence fell for the fourth straight month to a 28-year low in May, amid expectations of surging inflation. The Reuters/University of Michigan Surveys of Consumers said the index of [...]

US income, spending up 0.2% in April Posted: 30 May 2008 2239 hrs WASHINGTON : US consumer spending and incomes both rose 0.2 percent in April, data showed Friday, suggesting sluggish growth in the world’s biggest economy is continuing. The report, in line with analyst forecasts, indicated a slowdown from March when spending rose 0.4 [...]

Indian economy surprises with 9.0% growth but slowdown looms Posted: 30 May 2008 2252 hrs NEW DELHI : India’s economy grew nine percent in the last fiscal year, second only to China among big economies, but the better than expected figure was overshadowed by a surge in inflation, data showed Friday. Growth to March 2008 [...]

Houses at Cornwall Gardens Road monitored for cracks By Lynda Hong, Channel NewsAsia | Posted: 30 May 2008 1733 hrs SINGAPORE : Channel NewsAsia understands that the Land Transport Authority (LTA) is monitoring some cracks in the houses at Cornwall Gardens Road, where there was a big cave-in last week. Contractors are doing minor works [...]

Stretch of CTE between Ang Mo Kio Ave 1 and 3 to be widened Posted: 30 May 2008 1843 hrs SINGAPORE : The Land Transport Authority (LTA) will be widening various stretches of the Central Expressway (CTE). This was announced by LTA when it gave details of the first stretch to be widened – the [...]