Singapore’s bank lending jumped 2.3 per cent to settle at S$415.8 billion in November from the previous month.

Business loans jumped 2.9 per cent to S$240.1 billion, while consumer loans climbed 1.4 per cent to settle at S$175.7 billion.

Singapore’s Prime Minister Lee Hsien Loong has said that the country would have to take this year’s economic fluctuations in their stride.

Delivering his New Year message, Mr. Lee said “The economy goes up, goes down - we have to take it in our stride.”

Fortune Real Estate Investment Trust (Fortune REIT) has announced its plans to buy Hong Kong-based two retail properties, viz. Belvedere Garden Property and Provident Centre Property, for HK$1.9 billion.

The Housing Development Board (HDB) will construct 1,600 new car park lots during 2012, National Development Minister Khaw Boon Wan has announced.

The new parking lots to be constructed next year will be in addition to the 3,400 parking lots constructed during the past two years.The construction of parking lots will cost to the tune of $66 million.

Singapore Mass Rapid Transit (SMRT) has blamed a signaling error near Marina Bay station for the delay in southbound train service on the North-South line on Thursday.

An SMRT spokesperson said that it was a signaling slipup near Marina Bay station at around 7.50 am on Thursday that caused a general delay of around eight minutes in journey time on the North-South Line.

The Central Provident Fund (CPF) Board has announced that the fund's members turning fifty-five would have to set aside a bigger sum in their Medisave Accounts as the Medisave Required Amount (MRA) would go up from January 1.

Train services on North-South line have been resumed as Singapore Mass Rapid Transit (SMRT) is gradually making improvements, following hours-long breakdown.

The latest update at SMRT website shows that train services on the whole North-South line resumed at 1.48pm on Saturday.