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Singapore factory slump extends for sixth straight month

Manufacturing sentiment in Singapore remained in negative territory for a sixth consecutive month in October, as the uncertain global trade environment continues to cast a shadow over factory activity in the city-state and the region. But fruitful trade discussions between China and the US could give the sector a boost and possibly recovery by early […]

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Singapore: Wage growth to ease; more job cuts likely in electronics and precision engineering: MAS

SINGAPORE – Wage growth in Singapore is expected to ease in this year and the next, with hiring sentiment turning cautious and fewer job vacancies than unemployed persons, said the Monetary Authority of Singapore (MAS). The trade-related cluster is likely to continue trimming headcount as well, particularly in the electronics and precision engineering industries within manufacturing, […]

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Singapore to stick with natural gas power

SINGAPORE: Natural gas will continue to play a dominant role in generating electricity in Singapore while the state plans to accelerate the use of renewable energy, primarily solar power, in the next decade to battle climate change, a senior government official said. The cost of installing solar power has become more competitive with the use […]

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Singapore economy to stay tepid in 2020; ‘significant uncertainties’ for trade-related sector: MAS

SINGAPORE – Singapore’s economy is likely to continue facing headwinds into 2020, seeing lacklustre activity over the next 18 months, said the Monetary Authority of Singapore (MAS) on Wednesday (Oct 30). Growth will be uneven across industries, with “significant uncertainties” for the trade-related cluster, the central bank added in its twice-yearly macroeconomic review. Part of […]

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Singapore job market showing strain as economy slows

SINGAPORE (BLOOMBERG) – Singapore’s resilient labour market is starting to come under strain as the trade-reliant economy struggles in the face of global pressures. Retrenchments are rising, companies are more cautious raising wages, and it’s getting harder for those who lose their jobs to find new work. While the central bank is optimistic of some […]

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