Rental reversions for retail REITS have remained resilient, but they are likely to moderate in the near term amid pressure by continued headwinds, say analysts.
The new facility is expected to reinforce Singapore's position as a hub for synthetic rubber production in Asia. It has an annual production capacity of 140,000 metric tonnes and this is expected to be ramped up gradually.
The new and larger premise boasts 160 co-working and permanent desks, eight team rooms and flexible event spaces that can hold up to 200 people.
A total of 66 Singapore firms have signed the agreement, a voluntary initiative by companies to adopt sustainable and responsible business practices.
There are plans to train 100 Singaporean entrant-level ICT professionals over the next two years, as Singapore gears up to become a Smart Nation.
The survey by the Singapore Chinese Chamber of Commerce and Industry found that 51 per cent of respondents adopted new technologies or purchased automation equipment, up from 42 per cent last year.
Net profit came in at S$125 million for the three months ended in June, compared to S$133.2 million in the same period a year ago.
Malls such as ION Orchard saw a jump in foot traffic and restaurants report increased takings over the four-day weekend in celebration of Singapore's 50th year of independence.
Singapore is the third largest Asia-Pacific investor in Brazil and Mexico, and more than 100 Singapore companies have projects in the region.
Consumers may be adopting a wait-and-see approach ahead of the MediShield Life scheme, which will be launched in November, says the Life Insurance Association.