Resorts World at Sentosa is expected to give Singapore small and medium-sized companies a big lift. In its first news conference since winning the bid to build Singapore's second integrated resort last Friday, the Genting International-Star Cruises consortium said up to S$200 million (US$120 million) worth of goods and services will be procured from local companies each year. The $5.2 billion resort is...
All Singapore
Singapore's total population at the end of June this year stood at 4,483,900. This was an increase of 3.3 percent from the previous year.Of this, 3.6 million were Singapore residents – made up of citizens and permanent residents – and 0.88 million were non-residents. Releasing its latest report on Population Trends in Singapore, the Department of Statistics said figures also showed that non-resident...
Singapore's tourism sector reached a milestone early Wednesday morning, when its 9 millionth visitor landed at Changi Airport's Terminal 2. The Singapore Tourism Board says the record-setting figure is testament to a strong growth momentum that might also see total tourist receipts break the S$12 billion mark. With colourful drums, costumed dancers and a rain of petals, it was an unusual morning call for...
The committee which oversees the development of the Southern Islands have consulted about 20 foreign and local investors over one year. These investors, mainly in the resort business, have given mostly positive feedback. This is revealed after the Singapore Tourism Board announced recently that it wants to develop a cluster of Southern Islands. The cluster of Southern Islands includes St John's, Kusu...
The Singapore Tourism Board (STB) plans to develop the six islands off the southern tip of Sentosa into a tourist attraction.This, as its $12b Sentosa masterplan -- which includes Harbourfront and the Southern Islands -- is expected to be completed ahead of schedule in 2010. The comment came on the sidelines of an industry conference where STB also revealed that Singapore is set to welcome another record...
The Singapore Tourism Board (STB) will soon reveal plans for a vibrant Singapore Riverfront that never sleeps. A tender for qualified surveyors to study the site - stretching from the Esplanade Drive in the east to Kim Seng Road in the south - was recently called. Upon appointment, the site survey must be completed within six weeks. The STB said it intends to appoint a design consultant to "develop...
Two developers have already applied for the government's lighting incentives. The Urban Redevelopment Authority (URA) has received two formal applications since the incentives were announced in March this year. One of them has already been granted approval. Under the lighting incentive plan, developers and building owners will be given a grant that covers at least half of the installation costs. The...
A new $40 million road tunnel is to open in the Fort Canning area in January, after three years of construction. Motorists along Stamford Road will be able to drive straight through where the old red-bricked National Library used to stand.Currently, motorists have to slow down, turn and stop at two traffic light junctions, but when the tunnel opens, they can go straight to Penang Road into the town area...
Singapore's retail sales rose 1.7 percent from a year ago to S$2.30 billion due largely to increased sales at department stores and supermarkets, and higher spending on items such as clothes and footwear. The Department of Statistics said on Wednesday that compared to August, sales were up a seasonally adjusted 0.9 percent in September. Economists had expected the index to rise in September from August...
Singapore's strong infrastructure and robust intellectual property regime have been attracting foreign investors to set up shop here.According to the Intellectual Property Office of Singapore, or IPOS, the number of patents in force in Singapore last year stands at 43,024. This is a 48 percent increase from 2001. In the last 5 years, the Economic Development Board has been attracting investors to Singapore...