Feb. 13 (Bloomberg) — Singapore’s economy probably expanded in the fourth quarter at the fastest pace in a year as surging drugs production and increased consumer spending helped offset slower electronics manufacturing and exports.

STOCKS NEWS ASIA-Asian ADRs at 3-wk highs, Alumina jumps 
HONG KONG, Feb 14 (Reuters) – Asian stocks listed on Wall Street rose 1.57 percent to near 3-week highs, posting their best gains in 4- weeks, as Alumina jumped 8.45 percent, spurred by takeover talk about U.S. aluminium maker Alcoa.

Straits Times Index Breaks 3,200 
Singapore’s benchmark Straits Times Index rose to a second straight record high Friday, led by banks and property stocks. The STI closed up 49.6 points, or 1.6 percent, to break the 3,200-point level at 3,217.68 points. This was after touching an intra-day high of 3,234.61.

24-01-2007: Thailand risks losing property buyers to neighbours 
Thailand risks losing some of its resort home market to Southeast Asian rivals Malaysia and the Philippines if it goes ahead with plans to close a loophole that lets foreigners own freehold property.

BRIEFING – ASIA REAL ESTATE – FEB 16, 2007 
Rising interest rates have dampened home building activity and high land prices and regulatory costs are making houses more unaffordable, says the Housing Industry Association (HIA).

25-01-2007: CapitaMall sees a third of assets abroad in 5 yrs 
CapitaMall Trust, Singapore’s largest property trust by market value, said on Jan 25 that a third of its portfolio would be in overseas property assets by 2012 as it expands outside the city-state.

Singapore Hot Stocks-CapitaLand up on strong Q4 profit 
Singapore, Feb 13 (Reuters) – Singapore’s Straits Times Index rose 1.31 percent to 3,190.34 points at 0111 GMT. Stocks and factors to watch:

29-01-2007: CapitaLand says projects not hit by higher sand costs 
CapitaLand, Southeast Asia’s biggest property firm, said on Jan 29 that its business had not been hit by higher sand costs after Indonesia last week banned sand exports to Singapore.

Asian Stocks Advance, On Positive US Economic Data On Personal Spending, Income 
(RTTNews) – The major markets in Asia are trading in the positive territory on Friday, following positive closing in overnight US markets and strong economic data in the world’s largest economy, the US, which vindicated the stance taken by the US Federal Reserve to hold interest rates unchanged at its recently concluded meeting.

This entry was posted on Tuesday, February 20th, 2007 at 1:01 pm and is filed under SGX news. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.