The inaugural Formula One Grand Prix in Singapore will give the island's economy a significant boost. F1 supremo Bernie Ecclestone is convinced the first night race on a downtown street circuit is where multi-billion-dollar business deals will be sealed from September. Apart from an estimated 40,000 tourists visiting the island during the race, the 77-year-old told TODAY in an exclusive interview from...
All Singapore
Singapore is an increasingly popular choice for Korean students. It's not just the local education system that's attracting them here. There has been a small but growing number of students who are coming to Singapore, specifically to enroll in international schools. Students at the Singapore Korean School Weekend classes at the Singapore Korean School have become the only time where many of the...
Small and medium enterprises (SMEs) remain positive about Singapore's economic outlook this year. But sentiment has turned somewhat cautious, according to the latest survey by banking giant HSBC on Small Business Confidence in Asia Pacific. Compared to 2007, SMEs will be taking on a more conservative approach this year as the economy is expected to moderate amid a likely slowdown in the US. HSBC is...
Roads leading to Sentosa and the area around Harbourfront will be upgraded this year. The Land Transport Authority (LTA) said this is to prepare for an expected increase in traffic when the integrated resort at Sentosa – Resorts World at Sentosa – is completed in 2010. When fully upgraded in two years' time, the roads can accommodate 30 percent more traffic. According to LTA, during peak period, the...
The Singapore resident population - comprising citizens and permanent residents - hit some 3.58 million (3,583,100) by end of June last year, compared to 3.53 million (3,525,900) at the end of June 2006. But the Department of Statistics says the latest figures showed that Singapore's total population as at end of June this year was 4.59 million (4,588,600). This includes the non-resident population,...
Prime Minister Lee Hsien Loong Thursday launched the University Town project at the National University of Singapore (NUS), which will also be the site of the Youth Olympic Village if the country wins the bid to host the Games. The government has confirmed that the project has been given top priority and will be completed by 2010. According to the Ministry of Community Development, Youth and Sports, the...
The government will spend S$14 billion to improve Singapore's road infrastructure over the coming years. The money will go towards building the new North-South Expressway, the earlier announced Marina Coastal Expressway, widening the Central and Tampines Expressways, and improving various interchanges. The Transport Ministry is optimistic the changes will soften the traffic gridlock. The go-ahead has...
Singapore will announce its national budget for the fiscal year of 2008 on 15 February, in a parliamentary seating. Analysts say they expect the government to announce measures to help Singaporeans cope with inflation and the higher cost of living. In December 2007, consumer prices rose 4.4 percent over the previous year, touching a 25-year high in the Republic's history. For the whole year, the...
In a massive new investment, the government will pump in another S$20 billion on new rail lines and extensions islandwide, Transport Minister Raymond Lim announced Friday. This is over and above the S$20 billion the government has already committed for the on-going Boon Lay extension, the Circle Line and the Downtown Line. Mr Lim said the new and extended lines will go to places as diverse as Marine...
The "Cool Dome" design, submitted by the Singapore Sports Hub consortium, will be Singapore's next iconic structure. Singapore Sports Hub Group's proposal The Singapore government on Saturday revealed the consortium as its preferred bidder for the Singapore Sports Hub project. The consortium beats two other bids. The winning team's strong programming line-up gave it the upper hand over their...