DOMESTIC wholesale trade expanded by 10.3 per cent on a seasonally adjusted basis in the fourth quarter of 2016 over the previous quarter, due partly to higher prices of petroleum and chemical products. Excluding petroleum, domestic wholesale trade went up 5.3 per cent. After removing the price effect, overall domestic wholesale trade grew by 0.5 […]
Read MoreSINGAPORE – Singapore presented a bigger budget for the coming year, providing support for the struggling sectors, but keeping a surplus in case global economic conditions worsen and put the city-state’s growth at risk. Following up on recommendations by a key advisory panel this month, the budget unveiled projects to invest in infrastructure, deepening the […]
Read MoreSINGAPORE: Singapore’s government has a message for anyone expecting great things following Friday’s surprise growth bounce: don’t hold your breath. The city-state’s economy will still only expand between 1% and 3% this year, policy makers said after fourth-quarter growth burst in at an annualised 12.3% — the fastest pace in more than five years. They […]
Read MoreIndonesia has jumped to top spot as the most attractive overseas destination for Singapore companies looking to spread their wings. For many companies here, it is a no brainer, given the vast size of the market of 250 million people sitting right at Singapore’s doorstep. Mr Kenny Tan, chief executive of logistics firm Keyfields, said […]
Read MoreSingapore is proposing to ease regulations for venture capital managers including shortening their application process in a bid to promote financing for startup development. Under a consultation paper published by the Monetary Authority of Singapore (MAS) on Wednesday, new and existing venture capital managers won’t be subject to the same capital requirements and business conduct […]
Read MoreSINGAPORE – Singapore’s international visitor arrivals rose 7.7% last year to a record 16.4 million, helped by more travellers from China, India and Indonesia, but the tourism board forecast a slower pace of growth for 2017. Tourism receipts rose 13.9% to an all-time high of S$24.8 billion, the Singapore Tourism Board (STB) said, based on preliminary […]
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Thailand
