SINGAPORE’S factory output soared 24.2 per cent year on year in September, boosted by a near-doubling in output from the volatile biomedical cluster, Singapore Economic Development Board figures showed on Monday. This was far in excess of economists’ expectations of 2.5 per cent growth, and up from August’s upwardly-revised figure of 15.4 per cent growth. […]
Read MoreDBS has launched a solution for corporate clients in Singapore and Hong Kong to track cross-border collections in real time, providing them with greater digital convenience. More than 240,000 DBS corporate and small and medium-sized enterprises will be the first to utilise the solution, which is powered by Swift Global Payments Innovation (gpi), the bank […]
Read MoreSUSTAINABILITY is fast gaining traction in Singapore’s capital markets, with the Republic’s investors and issuers among the world’s most enthusiastic about sustainable infrastructure investment, according to a recent survey by HSBC. In particular, Singapore’s issuers and investors see strong potential in sustainable infrastructure investment, recording scores above both the regional and global averages alongside Hong […]
Read MoreSINGAPORE: A day after the National Wages Council issued fresh guidelines on pay, tripartite partners followed up with an updated framework for retrenchments signalling that the job situation ahead remains grim. Employers must ensure objective criteria, such as ability, experience and skills, are used should they need to retrench workers. They should also lean towards […]
Read MoreSINGAPORE exports finished the third quarter with a fizzle, rising by a gentler 5.9 per cent year on year in September even as the electronics sector continued its recovery from last year’s global down-cycle. The growth in non-oil domestic exports (NODX) was due mainly to an increase in electronics shipments from its year-ago low base, […]
Read MoreDEVELOPERS in Singapore sold 1,329 new private homes in September, 5.8 per cent more than the 1,256 units in August. It is the highest sales volume notched since July 2018’s 1,724, and marks the fifth consecutive month of increase in monthly sales since the “circuit breaker” in April 2020. The figure is also 4.6 per […]
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