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Singapore raised its economic growth forecast for this year after reporting better-than-expected fourth-quarter data, citing a pickup in trade and industrial production and stable financial markets.

The government now expects gross domestic product to grow by 4.5 percent to 6.5 percent in 2010, up from a forecast of 3 percent to 5 percent made only a month ago, the Ministry of Trade and Indust
Citigroup estimates that Resorts World Sentosa, slated to open in mid-February and which will include six hotels and a Universal Studios theme park, will have run a construction tab of roughly $4.5 billion. Adelson says his showpiece project on Marina Bay, boasting Singapore's largest hotel and one of Asia's biggest convention spaces, will cost roughly $5.5 billion by the time it's expected to op
The Government of Singapore Investment Corp (GIC) may be sitting on as much as $7.7 billion in unrealised losses from its investment in troubled Swiss bank UBS, based on calculations derived from its latest regulatory filing.

The GIC will convert 11 billion Swiss francs ($14.6 billion) worth of its UBS notes into 230.7 million ordinary shares of the bank on March 5, according to a regulatory f
SINGAPORE : Singapore is expected to lag behind Hong Kong and China next year when it comes to attracting initial public offerings (IPOs). Market watchers said that is because firms prefer to position themselves nearer the massive Chinese market.

A study by Ernst & Young has shown that there was a pickup in IPOs globally in the second half of this year, stirred by the market rebound.

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