SINGAPORE hotels’ average room rate (ARR) dipped in August from July’s near-decade high to come in at S$248.34, though it was still significantly higher than year-ago levels, according to the latest data from the Singapore Tourism Board (STB). The month’s figure broke the ARR’s six-month growth streak, which peaked at a revised S$257.94 in July. […]
Read MoreSINGAPORE: Singapore unveiled a package of measures for the property market, including tightening the maximum loan quantum limits for housing loans in response to a rise in interest rates, and new steps to moderate demand. The tightening of maximum loan quantum limits would ensure “prudent borrowing” and “avoid future difficulties” in servicing home loans, Singapore’s […]
Read MoreWHILE central banks may not be at the forefront of structural changes that result in inflation, their role to maintain price stability “cannot be underestimated”, said Ravi Menon, managing director of the Monetary Authority of Singapore (MAS). Speaking at the Symposium on Asian Banking and Finance on Wednesday (Sep 29), Menon said maintaining price stability […]
Read MoreSINGAPORE has moved up one spot to place 4th in the latest edition of the IMD World Digital Competitiveness Ranking, after Denmark, the United States, and Sweden. The Republic’s progress was driven by an enhancement in tertiary education (improvement in pupil-teacher ratio), an increase in its share of employees working in research and development (R&D), […]
Read MoreTHE total population of Singapore grew by 3.4 per cent over the past year to reach 5.64 million in June, with the easing of pandemic safety measures and travel curbs, the government’s annual Population in Brief report revealed on Tuesday (Sep 27). The growth reversed two consecutive years of population decline, but the figure remained slightly […]
Read MoreSINGAPORE, Sept 24 — Maybank Securities Singapore raised its 2022 inflation forecast slightly for the republic’s core inflation to 4.2 per cent from 4.0 per cent and headline inflation to 6.2 per cent from 6.0 to account for the larger than expected pick-up in food and services costs. Its analysts Chua Hak Bin and Lee […]
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