SINGAPORE – The private property resale market continues to pick up not just from the Covid-19 fallout but also from the cooling measures implemented in 2018, with prices climbing for the fifth straight month in December. For the whole of 2020, prices of resale condominiums rose 1.4 per cent, just slightly lower than the 1.8 per cent […]
Read MoreSINGAPORE’S unemployment rates eased in November for the first time since the Covid-19 pandemic hit. The overall unemployment rate fell to 3.3 per cent, down from the 3.6 per cent high of the preceding two months and the lowest rate since July, according to Manpower Ministry figures on Friday. The resident unemployment rate was 4.6 […]
Read MoreSINGAPORE’S retail sales could return to positive growth as early as the first quarter of this year, said economists encouraged by the slowing decline seen in November’s data. Overall takings at the till fell 1.9 per cent in November, a surprising improvement over October’s 8.5 per cent contraction and one that the Department of Statistics […]
Read MoreSINGAPORE (CNA) – Singapore’s factory activity expanded for the sixth consecutive month as demand continues to improve amid the COVID-19 pandemic. The Purchasing Managers’ Index (PMI) posted a marginal increase of 0.1 point from the previous month to record an expansion of 50.5 in December, data from the Singapore Institute of Purchasing & Materials Management […]
Read MoreSINGAPORE (XINHUA) – Singapore’s Ministry of Trade and Industry announced yesterday based on advance estimates, the country’s gross domestic product (GDP) for the whole of 2020 fell by 5.8 per cent year on year, compared to the 0.7 per cent growth in 2019. For the fourth quarter of 2020, Singapore’s economy contracted by 3.8 per […]
Read MoreSINGAPORE’S electricity demand is expected to have declined by 2 to 4 per cent in 2020 during the Covid-19 pandemic, Second Minister for Trade and Industry Tan See Leng said in Parliament on Tuesday. However, electricity demand is expected to rebound as the economy recovers and grows and is driven by new users such as […]
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