FOR the third consecutive quarter, Singapore manufacturers remain negative about business conditions in the next six months, while positive sentiment in the services sector has moderated, according to separate quarterly surveys on Tuesday (Jan 31). A net weighted balance of 25 per cent of manufacturers expect a less favourable business situation from January to June 2023, […]
Read MoreSINGAPORE’S employment levels improved significantly in 2022 compared to the year before. This was on the back of a rebound in foreign workers as border restrictions were lifted and employers backfilled positions, according to the latest data from the Ministry of Manpower (MOM). Total employment grew by an unprecedented 231,700 in 2022, said MOM in […]
Read MoreA PERSONAL income tax hike for Singapore’s top earners did not cause them to spend less overall, while accompanying redistribution programmes did boost consumption by lower-income groups, a new study has found. The paper, by researchers from the National University of Singapore (NUS), looked at the impact of a personal income tax hike for the […]
Read MoreSINGAPORE hotels’ average room rate (ARR) picked up in December 2022 after a marginal fall in November to record a new 14-year high, going by Singapore Tourism Board data on Monday (Jan 30). ARR was up 27.7 per cent from the year-ago period to S$285.84. It was also up 1.9 per cent from November’s S$280.57 […]
Read MoreSINGAPORE’S non-oil domestic exports (NODX) contracted again in December, dragged by declines in non-electronic shipments and declining deliveries to most of the Republic’s top 10 key markets, data from Enterprise Singapore (EnterpriseSG) showed on Tuesday (Jan 17). Non-oil domestic exports (NODX) in December tumbled 20.6 per cent year on year from a high year-ago base, […]
Read MoreSINGAPOREANS’ headline inflation expectations for the year ahead fell, down to 3.8 per cent in a December poll from an 11-year high of 4.6 per cent in September 2022, according to the latest quarterly results of the Singapore Index of Inflation Expectations (Sindex). However, the fourth quarter one-year-ahead inflation expectations are still higher than the average one-year-ahead […]
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