The transport operator's profit for FY2016 rose 20.1 per cent to S$109.3 million.
The Trade and Industry (Industry) Minister said that if the scheme is well-received, then participation would be broadened and encouraged.
Singapore overtook London in February 2014, but the trend started to reverse in January this year.
A supply glut is likely to exert more downward pressure on occupancy rates, says JTC.
Prices of homes in the non-central region, excluding small units, led the decline, falling 1.4 per cent from the previous month, according to flash estimates from the Singapore Residential Price Index.
A total of 4,600 workers were made redundant last quarter, compared to the 5,370 in the previous quarter. However, the number was higher compared to the same period a year ago, according to the Manpower Ministry.
The bank's net profit came in at S$766 million in the three months ended March, versus S$801 million a year earlier.
Sembmarine says earnings were depressed in part due to customer requests for deferment of rig building projects.
Trade and Industry (Trade) Minister Lim Hng Kiang said the ASEAN Competition Policy and Law Programme is the first of its kind in the region that aims to bring key stakeholders of competition policy together.
While the US is still expected to grow at a modest pace, Singapore may not be able to fully capitalise on it as most of US growth will be driven by domestic spending, says MAS.