SINGAPORE: A rebound in Singapore’s economy at the end of 2016 has reinforced expectations for the central bank to stand pat in April on hopes that its recent easings will support growth. Eleven out of 14 economists in a Reuters survey said they expect the Monetary Authority of Singapore (MAS) to keep policy unchanged at […]
Read MoreLocal sugar prices will likely be floated in October, or April next year at the latest, in line with the restructuring plan for the industry. At present, the Cane and Sugar Board under the Industry Ministry sets the ex-factory price of white sugar while the Commerce Ministry sets the retail price, now at 24.50 baht […]
Read MoreA warehouse operator in Singapore is shaping up to be Asia’s biggest buyout deal. Three private equity groups are working on bids for Global Logistic Properties Ltd. by an early February deadline, according to people familiar with the matter. Blackstone Group LP is considering going head-to-head with a Warburg Pincus consortium and a Chinese group […]
Read MoreSINGAPORE (REUTERS) – Singapore’s non-oil domestic exports in December were expected to rise from a year earlier, but analysts remain cautious about the outlook, a Reuters poll found on Friday (Jan 13). Non-oil domestic exports likely rose 5.8 per cent from a year earlier, according to the median forecast in the survey of 10 economists. […]
Read MoreSINGAPORE – Retail sales in Singapore edged up 1.1 per cent in November from the previous year, according to figures released by the Department of Statistics (Singstat) on Friday (Jan 13). But they fell again when motor vehicles are excluded, registering a 2.1 per cent fall. Sales of vehicles notched the only double-digit percentage increase […]
Read MoreSINGAPORE – Singaporeans are tightening their belt this Chinese New Year, with plans to cut overall spending, according to a recent United Overseas Bank survey. The respondents said they intend to spend an average of $2,503 each, down by 11 per cent from last year’s budget of $2,805. About 500 people aged between 18 and […]
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