SINGAPORE’S retail sales slumped 2.1 per cent year on year in May, worse than April’s 1.8 per cent but better than economists’ predictions of a 3.0 per cent decline, according to data from the Department of Statistics (Singstat) on Friday. This makes for a fourth consecutive monthly drop. Excluding motor vehicles, retail sales were down […]
Read MoreSINGAPORE’S full-year economic forecast could be cut again, amid market fears of a looming recession, as second-quarter flash data out on Friday showed a much deeper slowdown than had been feared. In the latest whammy to predictions, year-on-year gross domestic product (GDP) growth looks set to ease to a flattish 0.1 per cent in the second […]
Read MoreSINGAPORE: Singapore’s economy unexpectedly contracted in the second quarter as exports continued to plunge amid a worsening global economy. Gross domestic product in the trade-reliant city state declined an annualised 3.4% in the quarter compared with the first three months of the year. That compared with growth of 3.8% in the first quarter and 0.5% […]
Read MoreThe weakened global economy has dampened consumer and business confidence, but there are pockets of strength in the Singapore economy, Trade and Industry Minister Chan Chun Sing told the House on Monday. There will also be immediate challenges to weather, he noted, citing the fallout from trade tensions. In addition, there is a need to […]
Read MoreUS-BASED social media platform Pinterest has launched an office in Singapore to service South-east Asia and India, as part of its expansion in Asia-Pacific, the company announced in a press release on Wednesday. The move comes about three months after its debut on the New York Stock Exchange. Pinterest’s office here will be headed by […]
Read More[SINGAPORE] Singapore wants to position itself as a hub for business mediation to help resolve commercial conflicts, at a time when tensions between the US and China could affect investments and trade flows. The city-state is looking to build on its reputation as a top arbitration destination in Asia as it prepares to sign the […]
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