A revamped Cuppage Terrace will feature a charming mix of haunts IN SINGAPORE, traces of the past tend to be replaced by developments for the future. But one commercial project is about to buck the trend. Cuppage Terrace will reopen at the end of the month, when Formula One comes to town, with several old haunts such as the Northern Indian restaurant, Maharajah, and the Chinese food and bar outlet, Cross...
General
Sales of private homes by Singapore developers dropped by 56 per cent for the year ended June 30, with only about 7,200 units being sold. However, Real Estate Developers' Association of Singapore (REDAS) believes private home prices will not drop sharply this year, despite the tight credit market and economic slowdown. President of REDAS, Simon Cheong, said: "If it drops, it will not be much more. This...
The offer for Japan Land Limited at 60 cents per share by International Capital Investment has lapsed. In an announcement released Friday, Japan Land said that valid acceptances of the International Capital offer totalled 0.32 per cent of its total share capital. International Capital is a vehicle of Indonesian tycoon Oei Hong Leong, who made the offer at the end of July. Independent financial advisors...
Singapore's economy will not boom over the next few years due to the global economic slowdown, but it will not go bust either. That's according to Swiss economist Marc Faber, who's also known as Dr. Doom after he accurately predicted earlier stock market crashes and other financial disasters. He was speaking at OCBC's Global Treasury Regional Economic and Business Forum on Friday. Marc Faber thinks that...
The Singapore River, once a lifeline to early immigrants, will spring to life for two weekends from September 19 to 28 for the Singapore River Festival. Among the many events leading up to the Formula One night race in late September is a dance drama spectacle "Legenda Singapura". The half hour-long performance, which will also include a float parade, tracks the journey of Sang Nila Utama and Singapore's...
Mega projects like the Marina Bay Integrated Resort and the upcoming Formula One race are expected to present a substantial boost to the Singapore economy. Some analysts expect the approximately S$120 billion worth of projects in the pipeline to support the economy until 2015. But others warn this may not be enough to offset external slowing, especially if the global economy worsens...
Chinese actor Jet Li and Australian pro golfer Adam Scott have both launched their own foundations in Singapore. They were at the Global Philanthropy Forum which is being held in Asia for the first time. The forum is a leading platform for promoting private philanthropy. Li said he made the move because he believes Singapore is emerging to be a leading centre for charity work. He also feels the country...
The idea of a self-contained township for foreign workers has been given a thumbs-up by foreign workers themselves. But foreign worker advocates said more should be done to help these workers integrate with the wider community. Singaporeans who do not want foreign workers living near them cite security concerns and even a downgrade in their property value as reasons. But are these fears rational? Some...
Television sets on its premises and in each of its 28 capsules showing live Formula 1 action. Fringe activities such as fire twirlers, samba dance and live band performances. Deejays hitting the deck and gigs by local celebrities like Kumar and John Molina. The Singapore Flyer is going all out with these to woo visitors during the Republic’s inaugural night Grand Prix race over the weekend of September...
Australian companies BHP Billiton and Macquarie Group have been confirmed as the newest tenants of Marina Bay Financial Centre (MBFC). Mining firm BHP Billiton and banking giant Macquarie will take up 142,000 and 74,000 sq feet of space respectively in Tower 1 of the office building at downtown Marina, said Raffles Quay Asset Management, which manages MBFC, in a statement. Both firms will take 10-year...