Singapore

Your Week Out

SINGAPORE (JAN 10): It’s the Singapore Art Week and here are more highlights from the art event of the year:

ART

 

Private Collection of Contemporary Southeast Asian Art

Now till Jan 19

Oxley BizHub

Art collectors Richard and Lauren Nijkerk invite the public to view select pieces from their extensive private collection of Southeast Asian contemporary art. Located in three corporate settings, their collection includes Singaporean artist Sarah Choo Jing’s Accelerated Intimacy.

A Smart Nation ascending to the public cloud

(Dec 13): The Singapore government recently released its National Artificial Intelligence (AI) Strategy, which if fully implemented, could lead the way for AI implementation in the region if not globally. To realise this enticing vision, Singapore will need to accelerate its adoption of the public cloud. Not only is the cloud a digital transformation enabler, providing easy access to AI and machine learning, along with nearly-instant data analysis – the crux of the National AI Strategy, it is an economic transformation enabler too.

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Tourists surging to Singapore help push hotel deals to record

(Dec 11): Hotel deals in Singapore are set for a record amid a surge in tourist arrivals buoyed by people wanting to avoid the protests in Hong Kong.

Hospitality transaction volumes were an unprecedented $5.7 billion as of Nov 30, according to preliminary figures from Colliers International Group Inc, about five times 2018 and the most in at least a decade.

A record 5 million visitors came to the island in the third quarter, led by tourists from Greater China, Singapore Tourism Board data show. That brought arrivals so far this year to 15.8 million.

Singapore's property glut could take years to clear

(Dec 9): Singapore has a property glut that could take years to clear, threatening to kill a nascent price recovery amid an already uncertain economic outlook.

The city-state had an overhang of 31,948 units as of Sept 30, according to the Urban Redevelopment Authority. Sales have averaged about 2,500 homes per quarter this year, and at that rate it will take almost four years to clear the backlog, according to Christine Li, head of research for Singapore and Southeast Asia at Cushman & Wakefield.

Your Week Out

The Nyetimber Secret Garden at 1880 Singapore
Until Feb 29, 2020

Singapore tourist arrivals hit new high

(Dec 2): It’s almost like a sequel to “Crazy Rich Asians.”

A year after the movie – set in Singapore – helped drive a record number of visitors to the city-state, the tourists are back again in full force, pushing arrivals to a new high in the third quarter.

About 5 million travellers came to the island between July and September, led by visitors from Greater China, with a 22% increase, according to data from Singapore Tourism Board’s website. The previous quarterly record was 4.83 million set in the same period a year earlier.

Singapore October core inflation eases to over three-year low

SINGAPORE (Nov 25): Singapore's core inflation rate eased to its weakest level in over three years in October, data showed on Monday.

The core consumer price index (CPI) rose 0.6% from a year earlier, compared with a 0.7% rise in September.

This was lower than the 0.7% forecast seen in a Reuters poll and the lowest since March 2016 when it also rose 0.6%.

The headline consumer price index rose 0.4% from a year earlier, lower than both September's figure and the poll forecast which were at 0.5%.

As Trump upends trade flows, no benefit felt yet from shift in global supply chains

SINGAPORE (Nov 25): Since the entry of China into the World Trade Organisation in 2001, national economies have been integrated into the global economy at an unprecedented pace. According to the WTO, more than half of world trade in goods and services consists of intermediate products which are mostly exchanged within global value chains, which have become worldwide networks for the production of goods and services.

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Singapore and Shanghai threaten Hong Kong's status as finance hub

(Nov 8): Hong Kong has long defied predictions it’ll lose its stature as Asia’s top international financial center — but for how much longer?

Proponents of the city say its laws make it the perfect place for China to plug into global markets and note many financial players have deep roots there. Yet by several measures the future isn’t so bright. Hong Kong now handles fewer stock trades than Shanghai. Its wealth management industry is struggling to keep assets as Singapore’s grows. Its taxes are low, but rents are sky high.

Singapore plans tree-planting bonanza to battle climate change

(Oct 22): Land-scarce, low-lying and increasingly hot Singapore is going to have to find room for more than a quarter of a million new trees and shrubs as the city-state steps up measures to respond to climate change.

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