SINGAPORE’S factory output contracted more sharply in February, dragged by a steeper production decline in pharmaceuticals and electronics, data from the Singapore Economic Development Board (EDB) showed on Friday (Mar 24). Industrial production (IP) fell 8.9 per cent year on year in February, down from 3.1 per cent in the previous month. This marks the […]
Read MoreSINGAPORE – Core inflation may have held firm in February after a faster rise in electricity and retail prices offset a slower increase in services costs, but some analysts believe respite is in sight amid the global banking turmoil. Core consumer prices, which exclude private transport and accommodation costs, and reflect the expenses of Singapore […]
Read MoreSINGAPORE – Singapore’s manufacturing recession worsened in February as production shrank for a fifth straight month, according to data released by the Economic Development Board on Friday. Factory output slumped 8.9 per cent year on year in February, after falling a downwardly revised 3.1 per cent in January. February’s contraction was worse than the 1.9 per cent […]
Read MoreSINGAPORE’S headline inflation dipped in February, while core inflation was unchanged from the previous month, data from the Monetary Authority of Singapore (MAS) and Ministry of Trade and Industry (MTI) showed on Thursday (Mar 23). Both, however, were lower than economist estimates. In February, headline inflation slipped to 6.3 per cent, from 6.6 per cent […]
Read MoreSINGAPORE – Marine fuel sales in Singapore contracted by nearly 13.5 per cent in February as fewer vessels called at the world’s largest bunkering hub due in part to the shorter month. Sales fell to 3.79 million tonnes compared with 4.38 million tonnes in the previous month, data released by the Maritime and Port Authority of […]
Read MoreSINGAPORE – People in Singapore consume the most bottled water and spend the most on it per capita, far more than any other country, a recent study has found. Published on March 16, a study by think-tank United Nations University’s Institute for Water, Environment and Health analysed the global market for bottled water and traced […]
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