Singapore's macro fundamentals are sound, says the managing director of the Monetary Authority of Singapore.
Excluding motor vehicles, total retail sales were 2.1 per cent lower than November last year.
Malaysian restaurant chain PappaRich Malaysia is considering a valuation of at least S$200 million (US$140 million) in the share sale to fund expansion.
This will help to encourage productivity and innovation during the period of downturn, KPMG said, as it released its recommendations for the coming Budget.
Unveiled by the Singapore Lift Company on Wednesday (Jan 11), the lift, named “8”, uses lightweight composite materials and marks a shift away from steel - the material that is used traditionally in the manufacturing of lifts.
Commonwealth Capital, which unveiled the S$70 million facility on Wednesday (Jan 11), manages food brands like PastaMania, Swissbake, the Soup Spoon and Udders.
Singapore must, however, not be complacent and ensure that its port remains competitive, says Senior Minister of State for Transport Josephine Teo.
Value of construction contracts could reach between S$28 billion and S$35 billion in 2017 on the back of more public sector projects.
Swiss national Jen Sturzenegger was charged with 16 counts of failing to report suspicious transactions and for providing false information to the authorities.
The government should consider developing globally competitive companies and introduce broad-based support for SMEs, said the SMEC.