THE services sector is set to become a stronger economic growth engine this year amid concerns that activity in manufacturing could taper, according to a new survey of private-sector economists. Even as stronger global growth continues to benefit the Singapore economy, trade protectionism remains a key concern among those polled in the survey conducted by […]
Read MorePRICES of private condominiums and apartments continued their climb in May to hit a new high, although volumes slightly dipped according to flash data from real estate portal SRX Property released on Tuesday. This comes as the monthly price change for April 2018 was revised sharply upwards to 1.2 per cent, from the earlier estimate […]
Read MoreRETAIL sales continued its lacklustre streak in April, ticking up marginally by 0.4 per cent compared to a year ago, dragged down by a sharp dip in computer and telecommunications equipment. This followed March’s 1.1 per cent drop in retail sales. Excluding motor vehicle sales, retail takings inched up 0.7 per cent in April, according […]
Read MoreSingapore may be ranked the most expensive city to live in by the Economist Intelligence Unit (EIU), but a different ranking shows that this is hardly the case after accounting for personal income tax rates. Instead, Singapore comes in 11th in the latest tax-adjusted Worldwide Cost of Living Index for top earners, calculated by international […]
Read MoreSingapore’s sovereign wealth fund GIC has decided to fully exit its four-year-old investment in Vietnamese taxi firm Vinasun (VNS) at a time when traditional cab operators are struggling given the rise of ride-hailing technology players. In a disclosure to Ho Chi Minh City Stock Exchange, GIC said it sold all the 5.4 million shares, equivalent to a 7.96 per […]
Read MoreMoody’s Investors Service says that the outlook for the banking system in Singapore (Aaa stable) is stable over the next 12-18 months. “Healthy economic growth will support the banks’ assets quality, while higher interest rates and a decrease in impairment allowances will also lift profitability,” says Eugene Tarzimanov, a Moody’s Vice President and Senior Credit […]
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