SINGAPORE factory output jumped 16.4 per cent in February, in its fourth straight month of growth, as the linchpin electronics cluster continued to underpin gains. The latest surge extended the year-on-year increase of 9.2 per cent in January, and beat the median estimate of 15.8 per cent expansion in a Bloomberg poll. When biomedical contributions […]
Read MoreTHE relaxation of measures for events, particularly commercial ones, will see a boost to local demand, even as some industry operators await more clarity on whether travel processes will be adjusted to allow for more foreign attendees. The uplift for event venues in Singapore may be uneven, however, with larger venues that are able to […]
Read MoreSINGAPORE: Singapore’s February main price gauge turned positive for the first time in a year, fuelled by an increase in services costs and higher food inflation, data showed on Tuesday. Core inflation – the central bank’s favoured price measure – was up 0.2% in February from a year earlier. A Reuters poll of economists had […]
Read MoreSINGAPORE: South-East Asian oil and fuel demand has hit a plateau after an initial recovery from the Covid-19-induced slump and appears unlikely to get back to pre-virus levels until the end of the year or later. A slow rollout of vaccinations and a resurgence in cases in the region of almost 700 million people is […]
Read MoreSINGAPORE’S core inflation in February returned to positive territory for the first time after over a year, due to an increase in services costs and higher food inflation, according to a joint statement from the Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry (MTI) on Tuesday. Core inflation, which excludes accommodation and […]
Read MoreSINGAPORE (BLOOMBERG) – The Singapore dollar is vulnerable to retesting a four-month low, with signs that benign inflation and a gradual economic recovery will keep the central bank on hold at its April monetary policy review. Elevated US bond yields have already helped push the greenback through its 100-day moving average versus the city-state’s currency. While momentum stalled […]
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