SALES of new private residential units rose for the second straight month in February, supported by sustained buying by foreigners. But year on year, sales were still down. The Urban Redevelopment Authority (URA) on Wednesday (Mar 15) said that developers sold 432 units, excluding executive condominiums or ECs in February, up 9.9 per cent from […]
Read MoreSINGAPORE’S total employment growth was at an all-time high in 2022, driven largely by the return of foreign workers following the relaxation of border controls in the first half of the year, the Labour Market Report indicated on Wednesday (Mar 15). Total employment grew by an unprecedented 227,800 last year, reaching 2.9 per cent above […]
Read MoreSingapore’s employment excluding migrant domestic workers grew by a record-high 227,800 in 2022, bringing total employment to 2.9% above its pre-pandemic 2019 level, the Ministry of Manpower said Wednesday. Resident employment continued its steady growth last year, increasing by 26,300, according to data from the ministry. This increase was mostly in outward-oriented sectors, such as […]
Read MoreWEIGHED down by negative sentiment in the manufacturing and wholesale trade sectors, the Singapore Commercial Credit Bureau’s (SCCB) business optimism index (BOI) for Q2 2023 fell further to +4.6 percentage points from +4.73 percentage points the previous quarter, and from +5.35 percentage points for Q2 2022. SCCB is a subsidiary under credit and risk information […]
Read MoreSINGAPORE – The local banking system remains “sound and resilient”, the Monetary Authority of Singapore (MAS) said on Monday, amid the closure of two banks in the United States at the weekend. The US authorities have since said that all customers of the two banks will be paid in full. In its statement, MAS said […]
Read MoreSINGAPORE: Singapore banking system has insignificant exposure to failed banks in the United States, its central bank said on Monday. Banks in Singapore are well capitalised and conduct regular stress tests against interest rate and other risks, the Monetary Authority of Singapore (MAS) said in a statement. MAS is in close touch with local authorities […]
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