SINGAPORE’S core inflation is expected to be driven more by domestic than external pressures in 2023, with inflation slowing but staying high over the course of the year, according to the Monetary Authority of Singapore’s (MAS) latest half-yearly macroeconomic review on Thursday (Oct 27). MAS said that domestic inflation is likely to persist at elevated […]
Read MoreTHE Monetary Authority of Singapore (MAS) sees promise for a purpose-bound digital Singapore dollar (Singdollar) to support government payouts and various other digital voucher schemes. Its findings on this topic and proposals for future trials were detailed in a report released on Monday (Oct 31) marking the successful completion of Phase 1 of Project Orchid, […]
Read MoreSINGAPORE: The economy continues to thrive following the hit from Covid-19, but growing uncertainty globally has prompted employers to keep a lid on wages despite their need for workers in a tight labour market. The Manpower Ministry (MOM) released preliminary third-quarter labour data on Friday that showed 69.3% of firms were looking to hire in […]
Read MoreSINGAPORE’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 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 MoreSINGAPORE’S economic growth is expected to slow to a pace that is “below trend” next year, weighed down by key external-facing sectors such as manufacturing and financial services, the Monetary Authority of Singapore (MAS) said in its half-yearly macroeconomic review on Thursday (Oct 27). Meanwhile, the global economy is in a “precarious” state, with growth […]
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