SINGAPORE – Both retail and office rents and prices in Singapore weakened in the first quarter of this year as businesses grappled with the economic fallout from the coronavirus outbreak, as shown by data released by the Urban Redevelopment Authority (URA) on Friday (April 24). The rents and prices of office space in the central region dropped […]
Read MoreSINGAPORE – Private home prices fell less than initially estimated in the first quarter of 2020, but Singapore’s extended “circuit breaker” period against a sharp rise in Covid-19 cases will put more downward pressure on the property market. Private residential prices dropped 1 per cent in the January to March period from the previous quarter, according to […]
Read MoreSINGAPORE’S headline inflation was flat in March, narrowly avoiding the negative turn that the core inflation gauge had taken just the month before. The all-items consumer price index (CPI) was unchanged year on year, easing from the 0.3 per cent uptick in February, according to official data released on Thursday. This beat the median contraction […]
Read MoreSINGAPORE (BLOOMBERG) – Singapore is bracing itself for a sharper economic contraction this year than an earlier forecast of a slump of as much as 4 per cent, as the coronavirus pandemic continues to spread globally and disrupts supply chains. The city-state is “very likely” to see a steeper fall in gross domestic product (GDP), Trade and Industry Minister […]
Read MoreSINGAPORE – Moody’s Investor Service said a record-high 96 companies worldwide are now on the line between speculative grade and investment grade. It said the companies have suffered from deteriorating economic conditions amid the coronavirus pandemic and the sharp declines in commodity prices. The global agency – whose rating of debt owed by companies and countries is […]
Read MoreSINGAPORE (BLOOMBERG) – Singapore will witness a deeper recession this year after the nation extended and tightened its partial lockdown, Citigroup warned, widening its forecast for an economic contraction. The city-state’s economy will contract by 8.5 per cent in 2020, down from an earlier estimate of a 6 per cent fall, economists Kit Wei Zheng and […]
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