- PM Lee Hsien Loong said that layoffs in the unionised sector this year may at least be 20% higher than in 2010; while the retrenchment outlook for 2012 is also uncertain.
- ADB said that the open economies of Singapore and Hong Kong would be worst hit among all East Asian countries if the eurozone crisis results in a recession in Europe.
- Singapore has topped the charts for the best economy in the Asia- Pacific region to invest in, according to a survey by a Singapore-based political risk consultancy firm.
- Parkson Holdings Bhd has plans to enter new markets in South-east Asia to tap the region's growing affluence.
- Latest figures released by the US Treasury show that US investors increased their holdings of SGX-listed stocks by a net US$1.16b in 3Q11, versus US$990m in 2Q11.
- One of Sunpower Group's subsidiaries has secured a US$6.8m contract from CTCI Corporation.
- Cerebos Pacific said it would not be increasing its takeover offer price of NZ$2.50 for all the equity securities in New Zealand's Comvita Limited.
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