SINGAPORE: Singapore’s central bank left its monetary policy unchanged, saying its accommodative stance will remain appropriate for some time as the city-state’s economy emerges from its coronavirus slump. The Monetary Authority of Singapore (MAS) manages policy through exchange rate settings, rather than interest rates, letting the Singapore dollar rise or fall against the currencies of […]
Read MoreSINGAPORE and Hong Kong have reached an in-principle agreement to establish a bilateral air travel bubble (ATB), where travellers will not be subject to any quarantine or stay-home notice requirements, or a controlled itinerary. The in-principle agreement, confirmed by Singapore’s Transport Ministry in a press statement on Thursday, was reached during a videoconference on Wednesday between […]
Read MoreSINGAPORE’S central bank kept monetary policy settings unchanged at its half-yearly review on Wednesday, as market watchers had expected. The neutral position, taken after two straight rounds of easing, came as the economy is tipped to recover in 2021, but with weak underlying momentum. Amid the global economic downturn of the Covid-19 pandemic, the Monetary […]
Read MoreSINGAPORE’S third-quarter economic growth staged a rebound from the deep contraction seen during its “circuit-breaker” period but has continued to stay in negative territory, according to advance estimates released by the Ministry of Trade and Industry (MTI) on Wednesday. Gross domestic product (GDP) grew by 7.9 per cent in Q3, on a quarter-on-quarter seasonally-adjusted basis, […]
Read MoreSINGAPORE: Singapore’s central bank is likely to keep monetary policy unchanged as it allows fiscal measures to do the heavy lifting in getting the city-state’s economy back on track. The Monetary Authority of Singapore (MAS), which uses the currency as its main policy tool rather than interest rates, probably will refrain from changing any of […]
Read MoreSingaporean Club Cambodia has asked the minister of transport of Singapore to negotiate a two-way air travel bubble or so-called green lane arrangement with Cambodia. A letter was sent by Albert Tan, president of Singapore Club Cambodia, to Ong Ye Kung, the island nation’s minister of transport, stating that the Singaporean community in Cambodia wanted […]
Read More
Thailand
