According to the JP Morgan Asset Management (JPMAM) poll, Singapore’s semi -annual local retail investor’s index, due to optimistic attitude, saw a radical fall.

On Wednesday, Australian developers have announced its upcoming project of constructing Singapore's third-largest suburban shopping mall. It has been reported that the mall will be build next to Jurong East MRT Station.

A furious effort has been made to snuff out the usage of tobacco to underage people by The HAS (Health Sciences Authority).

While the popular yearly Great Singapore Sale is due to commence from this Friday, the shopping fervor has already started since the last two weeks. Discounts have already been started to be offered by a number of retailers even before the gala shopping event which now continue for about two months has started.

Retail sales rose by 4.7% in March this year as against that of February. According to a release made by the Department of Statistics on Friday, the retail sales, as against that of last year, were higher by 0.8%.

Quite prominent growth was recorded in their sales by motor vehicles retailers, of 33.9% in March as against its previous month.

National Bureau of Statistics reported that China’s retail sales in first four months of 2011 recorded an increase of 16.5% year-on-year basis taking the figures to 5.66 trillion yuan. In April only, China recorded retail sales 1.36 trillion yuan which is up by 17.1%.

The Singaporeans has not been largely affected by the huge spike of food prices in the country. They may rest assured as the suppliers are not going to take the advantage of them by raising the cost of food items further.