SINGAPORE’S retail sales continued to increase on year in September, while marking growth on a seasonally adjusted monthly basis and reversing from the decline seen in August, according to the latest figures from the Department of Statistics (Singstat) on Friday (Nov 4). Total retail sales went up by 11.2 per cent year on year in […]
Read MoreSingapore is assessing the use of central bank digital currency (CBDC) for cross-border foreign exchange settlements with global partners, such as Swiss National Bank. It hopes the international collaboration will help identify potential governance structures, technical standards, and policies needed to support industry use cases. The Monetary Authority of Singapore (MAS) said its efforts here […]
Read MoreSINGAPORE – Asian markets followed Wall Street southwards after Federal Reserve chairman Jerome Powell dashed hopes of an immediate pivot on the US central bank’s aggressive monetary policy. In Singapore, the Straits Times Index (STI), which had recently regained its foothold above the key 3,000 support level, kicked off 34 points or 1 per cent […]
Read MoreThe Indonesian Energy and Mineral Resources Ministry has decided to extend its contract to supply gas to Singapore for five years from the initial expiry date of 2023. Jakarta (VNA) – The Indonesian Energy and Mineral Resources Ministry has decided to extend its contract to supply gas to Singapore for five years from the initial expiry date of […]
Read MoreSingapore has replaced China as the leading investing country in Cambodia in 2021, accounting for six projects, or 40 percent of Cambodia’s inward FDI, revealed the Investment Monitor’s ‘2022 Inward FDI Performance Index’, released recently. China, which held the top position in both 2019 and 2020, dropped to joint second, alongside the US, recording three […]
Read MoreSINGAPORE can absorb record inflows of new money, the central bank chief said, allaying concerns of a real estate bubble even as rents and prices surge to unprecedented highs. The Asian financial hub attracted S$448 billion last year, 59 per cent higher than the previous year, the latest data from the Monetary Authority of Singapore […]
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