SINGAPORE – The Monetary Authority of Singapore (MAS) expects this year’s economic growth to come in at 2.5 per cent or “a touch lower”, bringing it closer to its potential. “This is not a bad outcome,” said MAS managing director Ravi Menon. “It will bring the level of GDP closer to its potential. There is […]
Read MoreSINGAPORE’S services industries saw more takings in the last quarter of 2018, although growth was slower than before, according to data from the Department of Statistics (SingStat) on Wednesday. Overall services’ business receipts were 4.1 per cent higher than the same period the year before, but eased from the third-quarter revenue growth, which was revised […]
Read More[SINGAPORE] The Singapore dollar‘s three-month winning streak is facing its stiffest test yet as global growth headwinds dim the outlook for further central bank tightening. An above-consensus inflation report Monday would go a long way toward ensuring the currency’s advance remains on track. A gauge of the country’s nominal effective exchange rate, which the Monetary Authority […]
Read MoreSINGAPORE: The Singapore dollar’s three-month winning streak is facing its stiffest test yet as global growth headwinds dim the outlook for further central bank tightening. An above-consensus inflation report today would go a long way toward ensuring the currency’s advance remains on track. A gauge of the country’s nominal effective exchange rate, which the Monetary […]
Read MoreCommuters in Singapore were slightly less satisfied with private-hire car services in 2018, a private survey conduced by Nexus Link has found. In the annual Point-to-Point Transport Services Customer Satisfaction Survey (PCSS), private-hire car services saw a slight decline in score from 8.2 in 2017 to 7.9 in 2018. But the proportion of commuters who […]
Read MoreKUALA LUMPUR: Genting Singapore Ltd’s management is cautious over the Singapore market in 2019 given the uncertainty of the economic environment although business volume has improved for nearly two years. “Going forth, the sustainability of business volume remains the key in the midst of an uncertain economic condition,” said Kenanga research in a Friday note. […]
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