Measuring the Impact of Corporate Investment Announcements on Share Prices: The Spanish Experience

We bring together three disparate strands of literature to develop a comprehensive empirical framework to examine the efficiency of security analysts' earnings forecasts in Singapore. We focus specifically on how the increased uncertainty and the negative market sentiment during the period of the Asian crisis affected the quality of earnings forecasts. While we find no evidence of inefficiencies in the pre-crisis period, our results suggest that after the onset of the crisis, analysts (1) issued forecasts that were systematically upward biased; (2) did not fully incorporate the (negative) earnings-related news; and (3) predicted earnings changes which proved too extreme.     

Ken-Air Tours—The volatile tourism market in Singapore

Tourism is a key industry in the economy and it is expected to play a key role in the service industry sector. Because of the growing adoption of information technology in the world, the tourism industry too, has been in utilizing the information highway to redefine and deliver the tourism product to the end consumers.Because of the shift towards information technology, the travel agent's traditional roles as an intermediary has come under severe pressure and is currently challenged to its existence. The demise of Ken-Air Tours, a large player in the travel agency industry in Singapore, is the focus of this report and the impact of the emphasis on technology is investigated and discussed.     

新加坡城市土地资源高效利用的经验借鉴

新加坡作为协调发展和土地资源保护的典范,推动土地资源合理高效利用的典型,其土地资源管理、规划和开发的经验对土地资源供需矛盾突出、土地资源集约利用任务艰巨的我国经济发达地区具有重要的借鉴意义。本论文从土地资源开发背景、管理与规划、利用三个方面介绍新加坡土地利用的情况,并总结了新加坡土地资源高效利用的经验,以期对我国城市的土地利用有一些有益的借鉴和参考。     

Writing on the Wall: Street Art in Graffiti‐free Singapore

The legalization of graffiti in many cities has impacted urban landscapes and the way artists and the public view graffiti, street art and the city as well. This article considers the genesis, process and consequences of legal walls programmes firstly by introducing and differentiating the key terms ‘graffiti’, ‘street art’ and ‘legal walls’, then by examining an empirical case, that of Singapore. Renowned as a graffiti‐averse and litter‐free city, Singapore's recent about‐turn in legalizing illicit art forms illustrates changing government perspectives on creativity and legality in the country. Why the government has effected this change, how artists and members of the public have responded to it and the resultant art forms are critically explored. The conclusion reflects on four key lessons from Singapore for cities in general.     

Responding to crisis: severe acute respiratory syndrome (SARS) and hotels in Singapore

The sudden outbreak of severe acute respiratory syndrome (SARS) in Singapore in 2003 was a grave crisis for the tourism industry as a whole and highlights the importance of effectively managing and planning for such occurrences. This study looks at the particular consequences of the infectious virus for the hotel sector and reactions to the challenges posed. Further health‐related crises seem inevitable in the modern world and some guidelines for dealing with these are proposed, based on the Singapore experience and an existing framework for tourism crisis management. Copyright © 2004 John Wiley & Sons, Ltd.     

城市发展税与城市规划及开发——以新加坡为例

在阐述"改善金"基本原理的基础上,通过对新加坡发展税的实例研究,从外部负效应的内部化、规划控制弹性及引导城市开发市场三个方面分析了发展税与城市规划和开发的关系,目的在于结合我国的情况说明这一政策的借鉴意义。结论认为,随着中国城市的不断发展,"改善金"问题将日益凸显,并从现实和未来两个层面提出了在中国借鉴实施"发展税"政策的意义和其实施所需的三个条件。     

化工物流园区的发展现状及国内外比较分析

化工物流是指与化学品相关的仓储和运输等服务,化工物流的运作复杂、安全性要求高．因此技术要求严格、设备专业化程度高。而物流因区是指为了实现物流设施集约化和物流运作共同化,或者处于城市物流设施空闻布局合理化的目的而在城市周边等各区域。集中建设的物流设施群与众多物流业者在地域上的物理集结地。而化工物流的特殊性要求集中化的经营会取得更经济的效果。文章通过对化工物流园区的特征介绍和我国几个著名化工园区及新加坡化工物流园区的优势比较,总结出比较的结论和发展建议。     

新加坡公共研发投入体系变革及其启示

为适应经济社会发展和应对未来挑战,新加坡不断加大公共研发投入规模,同时调整公共研发投入体系。近年来,新加坡更加注重部门与统筹投入兼顾,全方位支持创新活动和关注研发与经济社会关系,并通过新设或改造公共部门实施这些变革。这些做法促进了新加坡通过公共研发投入实现国家目标,对我国当前财政科技投入从分配到协调的转变具有重要借鉴意义。我们应该：适应国家经济发展,不断调整投入重点;既要强调自由研究,也要进行科学评估;建立多环节协调机制,营造良好的创新环境．     

Environmental Scanning Practices of Travel Agent Companies in Singapore

The success of tourism firms relies heavily on their ability to adapt to the changing external environments. Environmental scanning, as the acquisition and use of information about external events and trends, has received greater attention in the tourism management literature. This study investigated the environmental scanning initiatives of travel agent companies in Singapore through a questionnaire survey. In total, 42 completed forms were returned from 319 invited firms. The findings discovered a positive relationship between the scanning frequency and the perceived strategic uncertainty of task environment. It was also found that human information sources were used most frequently for collecting environmental information due to their highest reliability, while electronic sources were under-utilized probably due to lack of computer-based information system and awareness toward the importance of online information.     

Communication and knowledge as motivators: understanding Singaporean women’s perceived risks of breast cancer and intentions to engage in preventive measures

As breast cancer is the most prevalent cancer among women in Singapore, encouraging them to engage in preventive measures becomes increasingly important. This study aims to take a closer look at the influence of attention to media, interpersonal communication, news elaboration, and knowledge on women’s (aged between 30 and 70) perceived risks of breast cancer and their intentions to engage in preventive measures in Singapore. Attention to media, frequency of interpersonal communication, fatalistic belief, and knowledge structure density were found to be associated with risk perception of breast cancer among Singaporean women. Findings also showed that frequency of interpersonal communication, risk perception, elaboration, and factual knowledge were positively associated with women’s intentions to take up preventive measures such as breast self-examination, clinical breast examination, and mammography. Implications for theory and practice were discussed.