SINGAPORE – The rallying manufacturing sector became the strongest driver of economic growth in the first half of this year but the outlook for the next six months looks less certain. Manufacturing, which makes up a fifth of the economy, expanded for the 10th straight month in May on the back of a global export […]
Read MoreSINGAPORE – Private home prices in Singapore declined 0.3 per cent in the second quarter of 2017, easing slightly from the 0.4 per cent drop in the first quarter, according to flash figures released on Monday (July 3) by the Urban Redevelopment Authority (URA). This means that overall private housing prices have fallen for 15 […]
Read MoreSINGAPORE: Singapore’s central bank said it’s not yet time to ease property curbs and the adjustments made by the government in March don’t signal an unwinding of the measures. While the property market has stabilised, “it is, however, not time yet to ease the cooling measures. They remain necessary,” Ravi Menon, managing director of the […]
Read MoreTHE Monetary Authority of Singapore (MAS) sees a positive momentum in economic growth around the world, with global trade recovering, a more entrenched economic expansion in the US, recovery in domestic demand in the eurozone, and a steady growth path from China. It reiterated the expected 1-3 per cent growth in the Singapore economy this […]
Read MoreSINGAPORE: Banks will soon find it easier to invest in non-financial businesses with the Monetary Authority of Singapore (MAS) looking at easing regulations. The upcoming policy change was announced on Tuesday evening (Jun 27) as the authority seeks to update its framework separating banks’ financial and non-financial business. Speaking at the 44th annual dinner of the Association […]
Read MoreSINGAPORE: Private-sector economists have raised their growth forecast for Singapore’s economy for 2017, according to a quarterly survey released by the Monetary Authority of Singapore (MAS) on Wednesday (Jun 14). The economists polled in the survey said they expect the economy to grow 2.5 per cent this year, up from their forecast in March of a 2.3 […]
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