SINGAPORE construction demand is expected to remain strong this year after hitting a five-year high in 2019, said the Building and Construction Authority (BCA). In 2014, demand was S$38.8 billion, also the highest ever. Last year’s total construction demand expanded by 9.5 per cent to reach S$33.4 billion, about S$1.4 billion higher than the upper bound […]
Read MoreSingapore’s economy, a closely watched barometer for the rest of Asia’s export-driven countries, grew just 0.7 percent last year as the US-China trade war hammered global markets. The city-state has traditionally been the first among Asia’s economies to be affected during a downturn, and the country narrowly escaped tipping into recession in the third quarter. […]
Read MoreA TOTAL of 21 digital bank applications were received by the Monetary Authority of Singapore (MAS), the regulator said on Tuesday. This comprises 14 applications for the digital wholesale bank licences, and seven applications for the digital full bank licences. MAS said the new digital bank licences have attracted strong interest from a diverse group of […]
Read MoreTHE job market for 2019 has turned out to be better than predicted – and many private-sector economists and recruiters are looking at stepped-up hiring in the year ahead, with real salary hikes for 2020 expected to surpass this year’s. At this time last year, economists and recruiters had forecast weaker job creation for 2019. […]
Read MoreEXPECTATIONS of business expansion among Singapore small and medium-sized enterprises (SMEs) have sunk to their lowest since 2009, according to a quarterly survey by the Singapore Business Federation (SBF) and Experian. All six sectors polled for the latest SBF-Experian SME Index have scaled back their expansion plans for 2020. This was likely due to an […]
Read MoreSINGAPORE’S headline inflation inched up while core inflation remained flat in November, largely in line with economist expectations. Headline inflation was at 0.6 per cent year on year in November, according to data released by the Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry (MTI) on Monday, higher than the 0.4 per […]
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