SINGAPORE – Singapore’s key consumer price gauge rose 5.1per cent in October, slightly less than forecast and marking the first easing in eight months, official data showed on Wednesday (Nov 23), due to smaller rises in prices of utilities, retail, other goods and services. Analysts had said the reduced pace of increase should leave some space […]
Read MoreSINGAPORE – Singapore may avoid a full-year recession in 2023, but the export-driven economy is set for a bumpy ride, analysts say. With the economy’s most reliable engine – non-oil domestic exports (NODX) – sputtering to a halt, the domestic services sector fuelled by private consumption is expected to become the main driver of growth. […]
Read MoreSINGAPORE’s dollar and equities fell on Wednesday, after the country projected a slowdown in economic growth next year even as its inflation came below forecast, while investors awaited minutes of the U.S. Federal Reserve’s last policy meeting. The Singaporean dollar lost 0.4% after the city-state forecast growth would slow to between 0.5% and 2.5% in […]
Read MoreSINGAPORE’S inflation eased across the board in October, from decade-high levels in the previous month, as prices rose more slowly across almost all broad categories, data from the Monetary Authority of Singapore (MAS) and Ministry of Trade and Industry (MTI) showed on Wednesday (Nov 23). Headline inflation fell to 6.7 per cent year on year […]
Read MoreSINGAPORE, Nov 23 (Reuters) – Singapore on Wednesday forecast its economic growth would slow in 2023 amid persistent inflation and global pressures that would hit demand for the city-state’s outward-oriented industries like trade and finance. Gross domestic product (GDP) is expected to rise by 0.5% to 2.5% next year, the Ministry of Trade and Industry […]
Read MoreSINGAPORE on Wednesday (Nov 23) upgraded its 2022 full-year trade forecasts for the third time this year, even as it projected negative to flat trade growth for 2023. Total merchandise trade is now projected to grow 19.5-20 per cent in 2022, up from an earlier prediction of 15-16 per cent, according to Enterprise Singapore (EnterpriseSG). […]
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