LONDON, United Kingdom — New York and Singapore are jointly the world’s most expensive cities after inflation soared this year, an annual survey showed Thursday. The pair displaced last year’s number one Tel Aviv, which fell to third place this time round in the Worldwide Cost of Living index from London-based Economist Intelligence Unit (EIU). […]
Read MoreKUALA LUMPUR (Nov 29): DBS Group Research said it expects Singapore’s economic growth momentum to slow further in 2023. In an economics and strategy note on Singapore’s 2023 outlook, DBS Research said growth in the fourth quarter could potentially fall below 2% year-on-year (y-o-y), with risk of another sequential decline due to further drag from […]
Read MoreSINGAPORE hotels’ average room rate (ARR) slipped in October, but was still the next highest rate recorded following September 2022’s 14-year high, Singapore Tourism Board data showed on Tuesday (Nov 29). ARR was up 76.2 per cent from the year-ago period to S$281.89, even as it was marginally lower than September’s revised record of S$283.47, […]
Read MoreSINGAPORE’S factory output contracted 0.8 per cent year on year in October, a reversal from the previous month’s gains of 1.6 per cent, according to data from an Economic Development Board (EDB) release on Friday (Nov 25). But excluding the typically volatile biomedical cluster, factory output grew 1.9 per cent, though this was slower than […]
Read MoreSINGAPORE’S services industries saw their takings rise 14.5 per cent year on year in the third quarter, easing from the 15.6 per cent growth rate in Q2, according to Department of Statistics (Singstat) figures on Friday (Nov 25). On a quarter-on-quarter, non-seasonally-adjusted basis, business receipts were also up 3 per cent in Q3, extending the […]
Read MoreSalaries in logistics are likely to increase more than those in any other sector, according to a survey in Singapore. Mercer’s Total Remuneration Survey for the island state found logistics sector pay rises were likely to rise by 4.40% from 2022 to 2023 – surpassing pre-pandemic levels. This compared to rises in banking and finance of 4.27%, […]
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