SINGAPORE: Singapore’s exports fell for the first time in eight months on a year-on-year basis in November with shipments to China, its biggest market, continuing their decline on slowing growth in the world’s second largest economy. The contraction comes as economists grow increasingly worried about the impact of Sino-U.S. trade tensions on demand from China, […]
Read MoreTHE local housing market could still support Singapore’s growth in 2019, despite the curbs unveiled this year, bank analysts said this week. Standard Chartered’s (StanChart) global chief economist David Mann, who is based here, acknowledged that “there are lots of cross-currents” in the air, from dampeners like an electronics cycle slowdown to upsides like a […]
Read MoreNew small businesses have benefited the most from QR payment technology in Singapore, a study by the National University of Singapore (NUS) has found. The low-cost and convenience offered by the new technology has allowed newly set-up small stores to increase monthly card sales amount by 11 per cent, compared with 2.1 per cent growth […]
Read MoreSingapore has a significant role to play in the success of The Association of Southeast Asian Nations (ASEAN) economic community. As Chair in 2018, the city-state made significant in-roads in negotiating and promoting free trade. It also strengthened regional economic cooperation and integration, which is key for ASEAN to realise its full potential. Singapore has […]
Read MoreSINGAPORE: Retail sales were lower than expected in October, according to figures released by Singapore’s Department of Statistics. Takings at the till that month were only 0.1% higher year-on-year, below the 1.5% increase forecast by analysts polled by Bloomberg and coming off the 1.9% rise in September. Excluding motor vehicles, retail sales rose 0.5%. Car sales fell […]
Read MoreSINGAPORE: While trade tensions between the United States and China could ease, key economists shaved more off their forecast for 2019 economic growth, the latest Monetary Authority of Singapore (MAS) survey shows. A big downside risk is protectionism, they added. For 2018, the economy is expected to grow by 3.3%, a tad above the 3.2% […]
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