Singapore's prosperity doesn't translate into booming sales for local retailers
Article Abstract:
Singapore's economy is one of the fastest-growing in the world and the country is undeniably affluent. However, many observers are puzzled as to why this affluence is not reflected in consumer buying activity. The Singapore retail sector has been complaining about slow business for some time now and many have become alarmed as sales refuse to pick up even during the traditionally strong holiday season. The problem is being aggravated by the influx of more foreign-based retailers such as Japan's Takashimaya Co. and US-based Kmart Corp. into the country. Analysts believe that weak consumer spending is an offshoot of inflation and the Singapore government's policies.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1995
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Singapore makes clear in letter its tolerance of criticism is limited
Article Abstract:
The administration of Prime Minister Goh Chok Tong of Singapore intends to blunt open public criticism of government in accordance with the policies of its predecessors. In response to criticism and a clamor for more artistic freedom and the exercise of more political openness, the press secretary defended the government's policy by citing the need for a still fragile economy such as Singapore to hold onto some means of control otherwise there would be confusion and eventual decline.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1995
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Brokers say Singapore property sector offers some bargains, but stock selection is critical
Article Abstract:
Analysts believe that Singapore's property market offers investors many opportunities, with a large number of real estate company shares trading at 10-15% below their ideal asset values. They stated that the Singapore real estate market is currently undergoing a consolidation and that the presently depressed share prices are largely due to investor overreaction to a price decline which started in Jan. 1994.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1995
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