Shares of major property developers in Singapore were battered Monday after the government introduced new measures at the weekend to cool the real estate market.

In any casino, the odds favor the house. Using its house edge, Singapore is seeking to maximize economic profits and minimize social costs with tighter rules and tougher fines for two casino operators, along with new steps to curb problem gambling.

Singapore escaped a technical recession after the economy grew in the fourth quarter thanks to a boost from services, government data showed Wednesday, but prospects for 2013 remain gloomy.

Even as Singaporeans wake up to a sobering economic forecast for this year, many will not be letting it affect what has become their yearly tradition — a Chinese New Year vacation.

Investment bank JPMorgan has deemed Kirin's offer for Fraser & Neave's food and beverage unit to be “fair but not reasonable” from a financial viewpoint.

The tills rang for retailers over the Christmas season, but not everyone had cause to rejoice.

Singapore likely slipped into recession in the three months to December, analysts told AFP on Monday, as data showed growth in 2012 came in lower than expected.

The Singapore stock market has been on a roll, racking up an eight-session winning streak, and analysts are expecting more gains in the new year.

With its wealth of natural resources and its prime geographical location at the crossroads of Asia and Europe, Turkey is fast becoming a top investment destination among Singapore firms.

Farm commodities supplier Olam on Tuesday parried the latest salvo by U.S.-based short seller Muddy Waters after bringing out its “big gun” Temasek Holdings to support a US$1.25 billion bond and warrant sale.