Tuesday, October 30, 2012
Revision of ERP rates for six gantries during morning peak hours
Revision of ERP rates for six gantries during morning peak hours
Posted: 29 October 2012 1552 hrs
SINGAPORE: The Electronic Road Pricing (ERP) rates for six gantries leading to the CTE and ECP will be revised from 5 November.
Four of the affected gantries are located on the southbound CTE after Braddell Road. From 7.30am to 8.00am, the ERP charge will go up by $1 to $4.
Two other affected gantries are located at Fort Road leading to the ECP and the KPE slip road onto the ECP. From 8.30am to 9am, the ERP charge will go up by $1 to $5.
The rates for the other gantries remain unchanged.
The Land Transport Authority announced the rate revision after completing its quarterly review of traffic conditions on ERP-priced roads and expressways.
- CNA/de
- wong chee tat :)
Posted: 29 October 2012 1552 hrs
SINGAPORE: The Electronic Road Pricing (ERP) rates for six gantries leading to the CTE and ECP will be revised from 5 November.
Four of the affected gantries are located on the southbound CTE after Braddell Road. From 7.30am to 8.00am, the ERP charge will go up by $1 to $4.
Two other affected gantries are located at Fort Road leading to the ECP and the KPE slip road onto the ECP. From 8.30am to 9am, the ERP charge will go up by $1 to $5.
The rates for the other gantries remain unchanged.
The Land Transport Authority announced the rate revision after completing its quarterly review of traffic conditions on ERP-priced roads and expressways.
- CNA/de
- wong chee tat :)
我国今年第三季度的多用户工业厂房价格比第二季度大幅上涨了百分之十。
Updated: Mon, 29 Oct 2012 18:55:29 GMT
我国今年第三季度的多用户工业厂房价格比第二季度大幅上涨了百分之十。
尽管制造业前景不明朗，我国今年第三季度的多用户工业厂房价格仍比第二季度大幅上涨了百分之十。
市区重建局公布的第三季产业数据显示，这个涨幅比第二季度百分之8.3的季对季价格增幅来得高。
房地产分析人士说，政府推出私人住宅房地产的降温措施，促使投资者转而购买工厂和货仓。
另一方面，本地办公楼产业的价格则在第三季度止跌回升，升幅为百分之1.9。不过，办公楼租金的走势仍疲弱，第三季的租金微跌了百分之0.1，延续了第二季的下跌趋势。
店屋的价格则在第三季度上升了百分之1.1，比第二季百分之0.7的增幅来得高；租金则下跌了百分之0.3，跌幅同第二季度一样。
- wong chee tat :)
我国今年第三季度的多用户工业厂房价格比第二季度大幅上涨了百分之十。
尽管制造业前景不明朗，我国今年第三季度的多用户工业厂房价格仍比第二季度大幅上涨了百分之十。
市区重建局公布的第三季产业数据显示，这个涨幅比第二季度百分之8.3的季对季价格增幅来得高。
房地产分析人士说，政府推出私人住宅房地产的降温措施，促使投资者转而购买工厂和货仓。
另一方面，本地办公楼产业的价格则在第三季度止跌回升，升幅为百分之1.9。不过，办公楼租金的走势仍疲弱，第三季的租金微跌了百分之0.1，延续了第二季的下跌趋势。
店屋的价格则在第三季度上升了百分之1.1，比第二季百分之0.7的增幅来得高；租金则下跌了百分之0.3，跌幅同第二季度一样。
- wong chee tat :)
新航收购维珍澳洲10%股权
30/10/2012
新航收购维珍澳洲10%股权
新加坡航空公司将以1亿零800万美元，收购澳大利亚第二大航空公司维珍澳洲百分之10的股权。
维珍澳洲表示，将以每股0.4288澳元的价格，发行股票给新航。这比维珍澳洲股票0.46澳元的最后交易价低。
与此同时，维珍澳洲同意以3千600万美元，收购我国廉价航空公司虎航集团旗下的虎航澳洲百分之60的股权。虎航澳洲也同意，如果在5年内，达成预订财务表现目标，将支付550万美元给虎航集团。
另外，维珍澳洲也同意通过现金和股票交易，收购澳洲区域航空公司Skywest。
维珍澳洲表示，不会在收购行动结束后裁员。
- wong chee tat :)
新航收购维珍澳洲10%股权
新加坡航空公司将以1亿零800万美元，收购澳大利亚第二大航空公司维珍澳洲百分之10的股权。
维珍澳洲表示，将以每股0.4288澳元的价格，发行股票给新航。这比维珍澳洲股票0.46澳元的最后交易价低。
与此同时，维珍澳洲同意以3千600万美元，收购我国廉价航空公司虎航集团旗下的虎航澳洲百分之60的股权。虎航澳洲也同意，如果在5年内，达成预订财务表现目标，将支付550万美元给虎航集团。
另外，维珍澳洲也同意通过现金和股票交易，收购澳洲区域航空公司Skywest。
维珍澳洲表示，不会在收购行动结束后裁员。
- wong chee tat :)
S'pore will grow between 1.5% and 2.5% this year: MAS
S'pore will grow between 1.5% and 2.5% this year: MAS
Posted: 30 October 2012 1241 hrs
SINGAPORE: Singapore is likely to see lacklustre economic growth and elevated inflation for the second consecutive year in 2013, said the Monetary Authority of Singapore (MAS).
Gross domestic product (GDP) growth "is likely to be positive though below-trend next year", the central bank said in its half-yearly macroeconomic review, adding that weakness in Europe and the slowdown in China will weigh on external-oriented sectors such as manufacturing.
As a result, MAS sees growth in the advanced economies subdued "for a protracted period as painful deleveraging continues", even as a muted recovery is envisaged for Asia ex-Japan.
But domestic-oriented sectors are set to remain resilient. This will provide support to Singapore's labour market, which should remain at close to full employment next year.
For 2012, the central bank is sticking to its projection that Singapore will grow between 1.5 and 2.5 per cent, down from 4.9 per cent last year and below the economy's growth trend of 3 to 5 per cent.
Singapore continues to face a short-term cyclical downturn in the macro economy as domestic restructuring policies are implemented, said the MAS.
In particular, trade-related activities, the IT cluster, and regionally exposed services have been most badly affected by the cyclical downturn.
On a bright note, domestic-oriented activities have been a key pillar of support, contributing almost 70 per cent of the growth in the first half of 2012 despite accounting for only a third of Singapore's GDP.
MAS also said that it is "important for medium-term restructuring in the domestic economy to proceed even as Singapore faces short-term cyclical headwinds".
Domestic restructuring, which saw the tightening of foreign worker policies, boosted demand for resident workers in the low- and mid-skilled segments, especially in domestic industries like construction and services.
This pushed up wages and added pressure to domestic costs, said MAS. It added that unit labour costs could rise by as much as 3 to 4 per cent in 2013, following the 4 to 5 per cent increase this year.
Higher business costs could be absorbed by firms through lower profit margins in the short term, but there may be some pass through to consumers.
MAS said that this sequential increase in core prices "while unlikely to reach the high in early 2012, is expected to pick up".
Core inflation, which excludes accommodation and private road transport, will likely stay above its long-term average at 2.5 per cent this year, and 2 to 3 per cent in 2013.
CPI-all items inflation is likely to slightly exceed the government's forecast of 4.0 to 4.5 per cent this year, and ease to the 3.5 to 4.5 per cent range next year.
- CNA/al
- wong chee tat :)
Posted: 30 October 2012 1241 hrs
SINGAPORE: Singapore is likely to see lacklustre economic growth and elevated inflation for the second consecutive year in 2013, said the Monetary Authority of Singapore (MAS).
Gross domestic product (GDP) growth "is likely to be positive though below-trend next year", the central bank said in its half-yearly macroeconomic review, adding that weakness in Europe and the slowdown in China will weigh on external-oriented sectors such as manufacturing.
As a result, MAS sees growth in the advanced economies subdued "for a protracted period as painful deleveraging continues", even as a muted recovery is envisaged for Asia ex-Japan.
But domestic-oriented sectors are set to remain resilient. This will provide support to Singapore's labour market, which should remain at close to full employment next year.
For 2012, the central bank is sticking to its projection that Singapore will grow between 1.5 and 2.5 per cent, down from 4.9 per cent last year and below the economy's growth trend of 3 to 5 per cent.
Singapore continues to face a short-term cyclical downturn in the macro economy as domestic restructuring policies are implemented, said the MAS.
In particular, trade-related activities, the IT cluster, and regionally exposed services have been most badly affected by the cyclical downturn.
On a bright note, domestic-oriented activities have been a key pillar of support, contributing almost 70 per cent of the growth in the first half of 2012 despite accounting for only a third of Singapore's GDP.
MAS also said that it is "important for medium-term restructuring in the domestic economy to proceed even as Singapore faces short-term cyclical headwinds".
Domestic restructuring, which saw the tightening of foreign worker policies, boosted demand for resident workers in the low- and mid-skilled segments, especially in domestic industries like construction and services.
This pushed up wages and added pressure to domestic costs, said MAS. It added that unit labour costs could rise by as much as 3 to 4 per cent in 2013, following the 4 to 5 per cent increase this year.
Higher business costs could be absorbed by firms through lower profit margins in the short term, but there may be some pass through to consumers.
MAS said that this sequential increase in core prices "while unlikely to reach the high in early 2012, is expected to pick up".
Core inflation, which excludes accommodation and private road transport, will likely stay above its long-term average at 2.5 per cent this year, and 2 to 3 per cent in 2013.
CPI-all items inflation is likely to slightly exceed the government's forecast of 4.0 to 4.5 per cent this year, and ease to the 3.5 to 4.5 per cent range next year.
- CNA/al
- wong chee tat :)
S'pore REIT market on the rise, but risks remain
S'pore REIT market on the rise, but risks remain
By Linette Lim | Posted: 29 October 2012 2150 hrs
SINGAPORE: The Singapore real estate investment trust (REIT) market is up about 40 per cent this year -- double the returns in major REIT markets like the US and Japan.
While returns and yield spreads on Singapore REITs may be the best in the world, some analysts said the market could become over-invested
In 2002, CapitaMall Trust became the first Singapore-listed REIT. A decade on, there are over 20 REITs across the commercial, industrial, hotel and healthcare property sectors.
Low interest rates on bank deposits have helped to keep investor interest high in REITs and other stapled securities.
Industrial REITs for example pay dividends of up to eight per cent -- more than the five to six per cent offered by blue chip stocks.
Gabriel Yap, executive chairman of GCP Global, said: "The REITs are trading at about 20 times the PE (price to earnings ratio) as compared to the real estate developers at only 12 times. Because it's a REIT structure that pays stable dividends, the valuations are much higher."
Some analysts said REITs may be an over-invested asset class.
Excluding other stapled securities and business trusts, such as Hutchison Port Holdings Trust, the REIT market in Singapore has a market capitalisation of around US$38 billion. That is up more than three times from its post-Lehman crisis bottom in 2008.
Terence Wong, executive director at DMG & Partners Research, said: "There is a risk of the sector being over-owned, since everybody wants a piece of the pie right now. We've seen that in 2006 and 2007, where REITs were seen very much as a growth stock. And I think that's the danger.
"Right now, we're seeing the same thing, with the REITs rising about 40 per cent so far this year. When complacency sets in, if the party ends, I think a lot of people will get hurt."
From 2004 to 2007, many REITs enjoyed high valuations due to the stock market boom. REIT managers borrowed money to acquire new properties, increasing their gearing.
But the financial crisis struck in 2008, and many REIT managers with over-geared balance sheets were forced to raise cash by issuing more equity, thereby diluting the value of the stock.
In a little more than six months, from May to December 2008, the market capitalisation of REITs had fallen 2.6 times.
-CNA/ac
- wong chee tat :)
By Linette Lim | Posted: 29 October 2012 2150 hrs
SINGAPORE: The Singapore real estate investment trust (REIT) market is up about 40 per cent this year -- double the returns in major REIT markets like the US and Japan.
While returns and yield spreads on Singapore REITs may be the best in the world, some analysts said the market could become over-invested
In 2002, CapitaMall Trust became the first Singapore-listed REIT. A decade on, there are over 20 REITs across the commercial, industrial, hotel and healthcare property sectors.
Low interest rates on bank deposits have helped to keep investor interest high in REITs and other stapled securities.
Industrial REITs for example pay dividends of up to eight per cent -- more than the five to six per cent offered by blue chip stocks.
Gabriel Yap, executive chairman of GCP Global, said: "The REITs are trading at about 20 times the PE (price to earnings ratio) as compared to the real estate developers at only 12 times. Because it's a REIT structure that pays stable dividends, the valuations are much higher."
Some analysts said REITs may be an over-invested asset class.
Excluding other stapled securities and business trusts, such as Hutchison Port Holdings Trust, the REIT market in Singapore has a market capitalisation of around US$38 billion. That is up more than three times from its post-Lehman crisis bottom in 2008.
Terence Wong, executive director at DMG & Partners Research, said: "There is a risk of the sector being over-owned, since everybody wants a piece of the pie right now. We've seen that in 2006 and 2007, where REITs were seen very much as a growth stock. And I think that's the danger.
"Right now, we're seeing the same thing, with the REITs rising about 40 per cent so far this year. When complacency sets in, if the party ends, I think a lot of people will get hurt."
From 2004 to 2007, many REITs enjoyed high valuations due to the stock market boom. REIT managers borrowed money to acquire new properties, increasing their gearing.
But the financial crisis struck in 2008, and many REIT managers with over-geared balance sheets were forced to raise cash by issuing more equity, thereby diluting the value of the stock.
In a little more than six months, from May to December 2008, the market capitalisation of REITs had fallen 2.6 times.
-CNA/ac
- wong chee tat :)
从下星期一起，本地两个公路电子收费路段的过路费将调高。
29/10/2012
从下星期一起，本地两个公路电子收费路段的过路费将调高。
从下星期一起，本地两个公路电子收费路段的过路费将调高。
其中，南向的中央快速公路，过了布莱德路路段的四个闸门，早上7点半到8点的收费将从3元，调高到4元。
另外，东海岸公园大道、位于炮台路的闸门，以及从加冷-巴耶里巴快速公路进入东海岸公园大道支路的闸门，早上8点半到9点的收费，则会从4元，调高到5元。
其他闸门的收费维持不变。
- wong chee tat :)
从下星期一起，本地两个公路电子收费路段的过路费将调高。
从下星期一起，本地两个公路电子收费路段的过路费将调高。
其中，南向的中央快速公路，过了布莱德路路段的四个闸门，早上7点半到8点的收费将从3元，调高到4元。
另外，东海岸公园大道、位于炮台路的闸门，以及从加冷-巴耶里巴快速公路进入东海岸公园大道支路的闸门，早上8点半到9点的收费，则会从4元，调高到5元。
其他闸门的收费维持不变。
- wong chee tat :)
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