P&G starts building its Biopolis innovation centre
By Mustafa Shafawi | Posted: 24 January 2011 2030 hrs
SINGAPORE: Consumer products maker, Procter and Gamble (P&G), has begun construction of a S$250 million innovation centre at the Biopolis.
The US-based firm said the centre will develop designed-in-Singapore products for regional and global markets.
The centre, which is slated for completion in 2013, will become the largest private tenant at the Biopolis, taking up some 32,000 square metres of floor space.
P&G also said it will continue to expand its existing research collaborations in Singapore, including its Master Research Collaboration Agreement signed recently with A*STAR.
It also recently announced early phase research on product design and development for senior consumers (those aged 50 and above) in Asia in collaboration with the University of Cincinnati and the Singapore Polytechnic.
- CNA/ir
- wong chee tat :)
Monday, January 24, 2011
Inflation in S'pore continued rise in December
Inflation in S'pore continued rise in December
By Travis Teo | Posted: 24 January 2011 1436 hrs
SINGAPORE: Data released on Monday by the Department of Statistics (DOS) showed that the consumer price index (CPI) rose by 4.6 per cent on-year.
Higher costs in transport, housing and food led to the price hike.
DOS said that excluding housing, the consumer price index went up by a lower 4.3 per cent.
Meanwhile, compared to the previous month, CPI in December rose by 0.2 per cent due to higher costs of transport, food and recreation.
DOS said the increase more than offset the decline in housing cost.
It added that excluding housing, the consumer price index was 0.5 per cent higher.
And for the full year of 2010, the consumer price index rose by 2.8 per cent compared with 2009.
Excluding housing costs, the consumer price index for 2010 grew by 3.3 per cent.
-CNA/ac
- wong chee tat :)
By Travis Teo | Posted: 24 January 2011 1436 hrs
SINGAPORE: Data released on Monday by the Department of Statistics (DOS) showed that the consumer price index (CPI) rose by 4.6 per cent on-year.
Higher costs in transport, housing and food led to the price hike.
DOS said that excluding housing, the consumer price index went up by a lower 4.3 per cent.
Meanwhile, compared to the previous month, CPI in December rose by 0.2 per cent due to higher costs of transport, food and recreation.
DOS said the increase more than offset the decline in housing cost.
It added that excluding housing, the consumer price index was 0.5 per cent higher.
And for the full year of 2010, the consumer price index rose by 2.8 per cent compared with 2009.
Excluding housing costs, the consumer price index for 2010 grew by 3.3 per cent.
-CNA/ac
- wong chee tat :)
S'pore slips to 3rd spot in global city rankings
S'pore slips to 3rd spot in global city rankings
By Travis Teo | Posted: 24 January 2011 1646 hrs
SINGAPORE : Singapore has slipped to third spot in the rankings for the most globalised city in the world last year.
The republic comes behind Hong Kong, which took the top spot, followed by Ireland, in the latest Ernst & Young Globalisation Index.
The index measures the world's 60 largest economies based on their degree of globalisation relative to their GDP.
Singapore took top spot in the index in 2009.
In its latest findings, the accounting firm found that the city state has lower scores for labour and technology compared to the year before.
Managing partner at Ernst & Young, Steven Phan, said: "The lower net migration, and reduction of trade in R&D as a proportion of GDP, has reduced Singapore's score."
But Singapore saw an improvement in score for cultural integration and has continued to perform strongly in terms of openness to trade and capital movements.
Looking ahead, Ernst & Young expects Singapore's globalisation score to steadily improve between this year and 2014.
Meanwhile, Hong Kong, which takes the top spot, saw improvements in all categories except technology, and is particularly strong in trade.
- CNA/al
- wong chee tat
By Travis Teo | Posted: 24 January 2011 1646 hrs
SINGAPORE : Singapore has slipped to third spot in the rankings for the most globalised city in the world last year.
The republic comes behind Hong Kong, which took the top spot, followed by Ireland, in the latest Ernst & Young Globalisation Index.
The index measures the world's 60 largest economies based on their degree of globalisation relative to their GDP.
Singapore took top spot in the index in 2009.
In its latest findings, the accounting firm found that the city state has lower scores for labour and technology compared to the year before.
Managing partner at Ernst & Young, Steven Phan, said: "The lower net migration, and reduction of trade in R&D as a proportion of GDP, has reduced Singapore's score."
But Singapore saw an improvement in score for cultural integration and has continued to perform strongly in terms of openness to trade and capital movements.
Looking ahead, Ernst & Young expects Singapore's globalisation score to steadily improve between this year and 2014.
Meanwhile, Hong Kong, which takes the top spot, saw improvements in all categories except technology, and is particularly strong in trade.
- CNA/al
- wong chee tat
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