By the time the Sentosa Cove land parcels are fully sold by the year-end, slices of Singapore’s Southern Islands could be up for sale to the world’s richest men looking for a mini-Monaco in Asia. According to documents obtained by Today from a Singapore Tourism Board (STB) presentation, the tourism body is planning to launch a Request For Concepts (RFC) for the cluster of seven islands by the first...
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East Coast Resort is set to get a $5 million makeover with new and upgraded facilities, as well as a new name - Island Park Resort. The new owners, Goldkist International, has signed a tenancy agreement with the Singapore Land Authority (SLA) for an initial term of three years and is renewable up to 2015. The Singapore-based company has promised an eco-friendly approach to the upgrading, which will be...
Singapore on Monday opened a light rail link to Sentosa island, which will become home to a gaming and entertainment complex. The 140-million-dollar (91 million US) Sentosa Express takes passengers on a four-minute journey from a station at the VivoCity shopping mall on the main Singapore island, Sentosa said on its website. The VivoCity station connnects to the city's main underground transport...
A dual economy is emerging in Singapore, says economists at the annual Singapore Perspectives Seminar organised by the Institute of Policy Studies. Moving forward, the Singapore economy will be growing at 3 to 5 percent every year, which is creditable for a mature economy. However, economists are warning of divergent growth patterns between different businesses and income groups in...
All-round trade growth is buttressing Singapore's position as the world's busiest container port and ship fuelling hotspot, despite increased competition from China and other parts of the world. In the latest numbers, a record 24.8 million container loads passed through the Singapore port last year. And to top it all, numbers for fuel sales and ship calls also hit record highs. 2006 was a bumper year...
While its efforts to attract foreigners here are bearing fruit, the Government needs to apply the same acumen to making sure they fit in once they land on our shores. To do so, it needs to stop viewing them in terms of purely dollars and cents — that is, offering them only economic opportunities. "We need to look at integration policies, which are as complex as our immigration policies … What we...
The newly reopened National Museum of Singapore has been celebrating its rebirth with a month-long festival to mark the event. Since it reopened its doors on December 8, the museum has seen some 60,000 visitors. This is a far cry from previous years where the average was 3,000 visitors a month. People from all walks of life, not just the elite literati and cultural types, want a bit of the museum...
Retailers are reporting strong sales this holiday season, if not better than last year's. They say this is partly due to more aggressive promotions this year. Some banks which are tying up with shopping malls for the first time this year have reason to cheer. They say their credit card sales are doing well. They note that since mid-November, spending on credit cards has risen by as much as 15 percent...
Singapore's robust economy created a record 124,500 jobs in the first nine months of the year, surpassing even the employment gains of 113,300 in 2005. The employment creation from January to September this year is the highest ever recorded, says the Ministry of Manpower in its Third-Quarter Labour Market report. The report also says the number of jobs created in the third quarter alone was an all-time...
Singapore's retail sales index rose 1.6 percent in October this year compared to a year ago. Total sales amounted to some S$2.5 billion thanks to higher sales, especially in fashion and footwear, supermarkets, food and beverages, and telecom and computer goods. Sales for these goods increased by between 7 and 10 percent over the same period last year. But receipts for recreational goods, and optical...