SINGAPORE’S retail sales rose 7.4 per cent year on year in December, extending the previous month’s 6.5 per cent growth, the latest data from the Department of Statistics (SingStat) showed on Friday (Feb 3). On a month-on-month seasonally-adjusted basis, retail sales were up 1.3 per cent, reversing from the 3.6 per cent decline recorded in […]
Read MoreSINGAPORE’S property market is bracing for surging demand from Chinese buyers as the world’s second-largest economy reopens. Real estate agencies in the city-state have seen more inquiries from mainland Chinese, with industry watcher OrangeTee & Tie noting a 10 per cent to 15 per cent increase in January since Beijing announced it was ending three […]
Read MoreBased on latest data from Singapore’s Ministry of Trade and Industry and Industry (MTI), many economists have forecasted that the country’s inflation will remain high in 2023, despite signs of reduction from global price pressures. Singapore (VNA) – Based on latest data from Singapore’s Ministry of Trade and Industry and Industry (MTI), many economists have forecasted […]
Read MoreSINGAPORE – The job market ended 2022 with a flourish, with a record 231,700 more workers employed in the course of the year – surpassing the pre-pandemic 2019 numbers by 3 per cent. Jobless rates held steady, and layoffs stayed low despite a spate of job cuts towards the end of the year, the Ministry […]
Read MoreFOR the third consecutive quarter, Singapore manufacturers remain negative about business conditions in the next six months, while positive sentiment in the services sector has moderated, according to separate quarterly surveys on Tuesday (Jan 31). A net weighted balance of 25 per cent of manufacturers expect a less favourable business situation from January to June 2023, […]
Read MoreSINGAPORE’S employment levels improved significantly in 2022 compared to the year before. This was on the back of a rebound in foreign workers as border restrictions were lifted and employers backfilled positions, according to the latest data from the Ministry of Manpower (MOM). Total employment grew by an unprecedented 231,700 in 2022, said MOM in […]
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