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Singapore economy expands 3.5% in 2017

SINGAPORE: Singapore’s economy expanded 3.5% last year, in line with expectations, the Ministry of Trade and Industry said Tuesday. Last November, the ministry forecast growth of 3 to 3.5% for gross domestic product, upgrading an earlier forecast of 2 to 3%, after a stronger showing in the key electronics sector. The economy had grown by […]

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Singapore’s economy receives services boost

SINGAPORE: Singapore’s economy grew at a faster pace than economists estimated in the fourth quarter of 2017, boosted by services such as finance and insurance. Gross domestic product rose at a seasonally adjusted and annualized rate of 2.8 percent from the previous three months, according to preliminary figures from the trade ministry on Tuesday. The […]

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Singapore consumer prices rise 0.6% in November

SINGAPORE’S inflation continued to remain subdued in November, even as consumer prices for several items such as healthcare, transport and education went up. Headline inflation was 0.6 per cent in November against year-ago prices, according to Department of Statistics data released on Tuesday. This is up from 0.4 per cent in the previous month, largely […]

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