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    • SingCham is the premier business chamber for Singaporean interests in Indonesia. Founded in 2006, SingCham aims to promote the business interests of individuals or companies operating in Singapore and/or Indonesia. SingCham provides networking activities, events, and useful information for its members, and acts as the liaison between the Singaporean business community and the Singapore and Indonesian governments. With a focus on fostering better networking and feedback among members, SingCham is committed to providing valuable resources and insights to help members connect, learn, and grow their businesses in Indonesia. Join SingCham today and become part of a thriving business community that benefits from exclusive resources, networking opportunities, and business insights.

    16Aug, 2018
    New Zealand to ban foreign home buyers – except Australians and Singaporeans

    New Zealand’s Parliament passed a law on Wednesday (Aug 15) to ban many non-resident foreigners from buying existing homes, completing the Labour-led government’s election campaign pledge.

    The ban only applies to non-residents. Australians and Singaporeans are exempted because of free-trade deals.

    Jacinda Ardern, New Zealand’s popular 38-year-old prime minister, campaigned before last September’s election on a promise to clamp down on house price growth and reduce high rates of homelessness, in part by banning foreign buyers.

    (read more: The Straits Times)

    25Jul, 2018
    Most middle-market Singapore firms see 6% or more growth this year: EY

    Middle-market firms in Singapore are brimming with optimism this year, with nine in 10 expecting growth in excess of the global average growth rate of 6 per cent, according to the annual EY Growth Barometer released on Wednesday (July 25).

    Middle-market firms are those with sizeable annual revenues that fall centrally within the market in which they operate. Thus, they straddle the middle market between smaller companies and the billion-dollar giants.

    Singapore ranked fourth for growth expectations in Ernst & Young’s survey of 2,766 middle-market executives across 21 countries, including 103 from Singapore.

    Just under two-fifths of the Singapore respondents are aiming for growth of more than 10 per cent for the year, compared with about a quarter of respondents globally. Another 51 per cent of Singapore respondents are targeting growth of 6 per cent to 10 per cent.

    Said EY global growth markets leader Annette Kimmitt: “We are seeing a rare synchronisation of growth across all major global economies that is boosting executive confidence, particularly led by the Asia-Pacific region. For the first time, middle-market company leaders are getting ahead of change and shaping their businesses through investment, expansion and prioritisation to ride the wave of opportunity.”

    For Singapore respondents, the most-cited growth strategies were overseas expansion (30 per cent) and mergers and acquisitions (19 per cent). However, a quarter of respondents also plan to divest part of their business.

    (Read more: The Strait Times)

    5Jul, 2018
    HDB resale prices in June down 0.3% from May, SRX Property data shows

    SINGAPORE – Resale prices of Housing Board flats fell 0.3 per cent last month from May, according to flash data released by real estate portal SRX Property on Thursday (July 5).

    The data also showed that prices fell by 1.9 per cent from the same month last year, and by 13.3 per cent since the peak in April 2013.

    Price declines for mature and non-mature flats were relatively similar, at 0.2 per cent and 0.4 per cent respectively.

    Photo: The Strait Times

    According to HDB resale data compiled by SRX Property, 1,988 HDB resale flats were sold in June 2018. This was a 13.4 per cent increase from May’s 1,753 units.

    (Read More: The Strait Times)