SINGAPORE’s core inflation rose further to 5.3 per cent in September but headline inflation held steady at 7.5 per cent, according to Department of Statistics consumer price index (CPI) data on Tuesday (Oct 25). Both readings were in line with economists’ expectations. The pickup in core inflation was due to larger price increases for items […]
Read MoreThe Finance Ministry on Friday trimmed its 2022 economic growth outlook to 3.4% from 3.5% projected earlier, with the main drivers being a recovery in private consumption and the crucial tourism sector, officials said. The ministry predicts higher economic growth of 3.8% next year, it said. The tourism-reliant country is expected to receive 10.3 million foreign arrivals […]
Read MoreINDONESIA’S new visa regulations to woo wealthy global citizens to reside in Bali will have a positive impact, but the scheme is not likely to attract them in massive numbers, said business leaders and expatriates living in Indonesia. On Wednesday (Oct 26), Indonesia announced that it would offer “second home” visas for five years and […]
Read MoreMANILA, Philippines — The depreciation of currencies in developing economies may exacerbate the food and energy crisis, according to the World Bank. In its Commodity Markets Outlook report, the World Bank said that while most commodity prices have gone down from their recent peaks amid concerns over a looming global recession, prices in local currency […]
Read MoreREVERSING from a dip in August, Singapore hotels average room rate (ARR) reached S$284.37 in September – the highest since 14 years ago, when September 2008’s ARR came in at S$298.65. Overall hotel room revenue and revenue per available room (RevPAR) also grew in September to hit new highs. The latest data from the Singapore […]
Read MoreKUALA LUMPUR: Malaysia’s Producer Price Index (PPI) for local production for September 2022 increased by 4.9 per cent year on year, although this eased from the 6.8 per cent recorded in the previous month, said the Department of Statistics Malaysia (DoSM). In a statement, it said although the manufacturing index for September saw an increase […]
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