SINGAPORE’S economy is forecast to grow at between 0.5 per cent and 2.5 per cent in 2023, while the official full-year growth forecast for 2022 has been narrowed to “around 3.5 per cent”, according to a Ministry of Trade and Industry (MTI) release on Wednesday (Nov 23). This follows the Monetary Authority of Singapore’s (MAS) […]
Read MoreSINGAPORE’S non-oil domestic exports (NODX) contracted by a shock 5.6 per cent year on year in October from a high year-ago base, with both electronic and non-electronic exports falling. This is the first decline since November 2020. October’s fall was significantly larger than the 1.7 per cent decline forecast by economists in a Bloomberg poll, […]
Read More(Bloomberg) — Easing tensions between China and the US won’t assure the world of peace, but it will definitely make it a safer place, according to Singapore’s Senior Minister Tharman Shanmugaratnam. Even with ties restored, there would be constant friction between the world’s two biggest economies, Tharman said in a panel discussion at the Bloomberg […]
Read MoreE-COMMERCE giant Shopee on Monday (Nov 14) started another round of layoffs, which affected some people in Singapore, in yet another round of job woes as its parent Sea Limited struggles towards profitability. This is at least the third round of job cuts Shopee has made this year, following its most recent layoffs in September. […]
Read MoreTHE Monetary Authority of Singapore (MAS) has called on consumers to “exercise utmost caution when trading in cryptocurrency” in its responses to queries about FTX and its operations here. Currently, FTX.com does not operate in Singapore, nor does it have the licence or exemption to operate here. But the regulator noted that it cannot prevent […]
Read MoreEMPLOYERS should give their lower-wage workers a built-in wage increase of 5.5 to 7.5 per cent, or at least S$80 to S$100, whichever is higher, the National Wages Council (NWC) said in its 2022/2023 wage guidelines on Monday (Nov 14). The lower bounds of this year’s recommendations are slightly higher than that of last year’s, […]
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