SINGAPORE REAL ESTATE
Tampines EC draws over 5,000 visitors on launch weekend; prices start from S$1.1m
Developers of Tenet have reported over 5,000 visitors at the launch weekend of the latest executive condominium (EC) project at Tampines Street 62. The project attracted “thousands of interested buyers” to its show gallery over the weekend, according to Qingjian Realty’s deputy general manager Yen Chong on Monday (Nov 14).
https://www.businesstimes.com.sg/real-estate/tampines-ec-draws-over-5000-visitors-on-launch-weekend-prices-start-from-s11m
https://www.straitstimes.com/business/tampines-ec-draws-over-5000-visitors-on-launch-weekend-prices-start-from-11m
Jurong Regional Library will move to transport hub with CC, sports centre
On Nov 3, The Straits Times reported that the library will be among several buildings affected by the next phase of development for Jurong Lake District.
https://www.straitstimes.com/singapore/jurong-regional-library-to-relocate-to-jurong-east-integrated-transport-hub-which-will-have-a-cc-sports-centre
SINGAPORE ECONOMY
‘Like-minded’ Singapore and Germany must work together to tackle challenges in Asia, Europe: PM Lee
Like-minded partners like Singapore and Germany must work together to tackle common challenges confronting Asia and Europe, Prime Minister Lee Hsien Loong said on Monday (Nov 14), after both countries endorsed a joint declaration on cooperation in areas such as climate change, defence, and the economy.
https://www.businesstimes.com.sg/government-economy/like-minded-singapore-and-germany-must-work-together-to-tackle-challenges-in-asia
https://www.straitstimes.com/singapore/politics/germany-and-singapore-to-deepen-collaboration-including-in-climate-action-and-defence
Collaboration and growth opportunities between Germany and Singapore remain, despite headwinds: DPM Wong
In the face of economic and geopolitical headwinds, Germany and Singapore can strengthen their collaboration for growth, in areas such as sustainability, said Deputy Prime Minister and Minister for Finance Lawrence Wong on Monday (Nov 14).
https://www.businesstimes.com.sg/government-economy/collaboration-and-growth-opportunities-between-germany-and-singapore-remain
National Wages Council urges employers to raise pay for lower-wage workers by 5.5-7.5%
Employers should give their lower-wage workers a built-in wage increase of 5.5 to 7.5 per cent, or at least S$80 to S$100, whichever is higher, the National Wages Council (NWC) said in its 2022/2023 wage guidelines on Monday (Nov 14).
https://www.businesstimes.com.sg/government-economy/national-wages-council-urges-employers-to-raise-pay-for-lower-wage-workers-by-55
https://www.straitstimes.com/business/employers-should-raise-salaries-in-fair-and-sustainable-way-amid-inflation-uncertainties-nwc
https://www.todayonline.com/singapore/nwc-calls-pay-rises-lower-wage-workers-2044886
https://www.channelnewsasia.com/singapore/lower-wage-workers-salary-increments-nwc-mom-3069716
VIEWS, REVIEWS, FORUM AND OTHERS
Payouts to offset GST hike to start in Dec with cash handouts of up to S$700 for eligible Singaporeans: MOF
Singapore — About 2.9 million adult Singaporeans will receive up to S$200 in cash in December, as part of the Assurance Package that the Government had announced earlier, to cushion the impact of the Goods and Services Tax hike.
https://www.todayonline.com/singapore/payouts-offset-gst-hike-start-dec-cash-handouts-s700-eligible-singaporeans-mof-2046026
How data can enable high-quality carbon credits for a sustainable Singapore
A wave of green is sweeping through the economy as everywhere businesses of all sizes – from neighbourhood mom-and-pop shops to large corporates like BlackRock – are recognising the significance of sustainability as a core consideration for long-term economic success.
https://www.businesstimes.com.sg/opinion/how-data-can-enable-high-quality-carbon-credits-for-a-sustainable-singapore
Getting second Covid-19 infection not more dangerous, say S’pore experts rebutting US study
Singapore – An American study suggesting that people who are infected with Covid-19 for a second time are at higher risk of organ failure and death is questionable, with inherent limitations and overstated conclusions, say local experts.
https://www.straitstimes.com/singapore/getting-second-covid-19-infection-not-more-dangerous-say-s-pore-experts-rebutting-us-study
GLOBAL ECONOMY & GLOBAL REAL ESTATE
US may skirt recession in 2023, Europe not so lucky: Morgan Stanley
https://www.businesstimes.com.sg/global-enterprise/us-may-skirt-recession-in-2023-europe-not-so-lucky-morgan-stanley
Corporate America cuts thousands of jobs as recession looms
https://www.businesstimes.com.sg/government-economy/corporate-america-cuts-thousands-of-jobs-as-recession-looms
Fed vice chair says ‘appropriate soon’ to slow rate hike
https://www.businesstimes.com.sg/government-economy/fed-vice-chair-says-appropriate-soon-to-slow-rate-hike
UK home sellers slash asking prices after mortgage rates jump
https://www.businesstimes.com.sg/real-estate/uk-home-sellers-slash-asking-prices-after-mortgage-rates-jump
China lets developers access pre-sale funds to ease cash crunch
https://www.businesstimes.com.sg/real-estate/china-lets-developers-access-pre-sale-funds-to-ease-cash-crunch
China’s Country Garden plans $500 million share sale to refinance offshore debt
https://www.channelnewsasia.com/business/chinas-country-garden-plans-500-million-share-sale-refinance-offshore-debt-3072531
Japan Q3 GDP unexpectedly contracts at annualised rate of 1.2%: government
https://www.businesstimes.com.sg/government-economy/japan-q3-gdp-unexpectedly-contracts-at-annualised-rate-of-12-government
https://www.straitstimes.com/business/japan-q3-gdp-unexpectedly-contracts-at-annualised-rate-of-12
https://www.channelnewsasia.com/business/japan-q3-gdp-unexpectedly-contracts-annualised-rate-12-govt-3072256