SINGAPORE – Bank lending in Singapore rose 1.1 per cent in December from a month ago, at a faster pace than the 0.4 per cent growth seen in November, as both business and consumer loans grew. Loans through the domestic banking unit – which captures lending in all currencies but mainly reflects Singapore-dollar lending – […]
Read MoreSINGAPORE – Slightly more local firms in the manufacturing sector are expecting things to improve but companies in the services line are more gloomy, going by separate surveys released on Tuesday (Jan 31). Seventy-six per cent of firms in the manufacturing sector expect business in the first half of 2017 to remain the same as […]
Read MoreSINGAPORE (Reuters) – Singapore’s jobless rate hit a six-year high in the fourth quarter, while total employment in 2016 grew at the weakest pace in over a decade, as labor market conditions softened amid a slowdown in economic growth. The total unemployment rate rose to 2.2 percent in the fourth quarter from 2.1 percent in […]
Read MoreSINGAPORE has come in as the eighth most expensive city in the world to move to, with a basic first month living cost of US$2,148.45, according to the 2017 Relocation Price Index. In a study by online moving platform Movinga, it was found that Luanda, Angola had the highest first month’s basic costs, ahead of […]
Read MoreREGISTERED business trusts must prepare financial statements identical to the International Financial Reporting Standards (IFRS) for annual periods starting January 1, 2018, the Monetary Authority of Singapore (MAS) said on Thursday. However, authorised collective investment schemes will continue to prepare financial statements using accounting practices recommended by the Institute of Singapore Chartered Accountants (ISCA). Under […]
Read MoreSingapore is the 6th most innovative economy in the world, according to the 2017 Bloomberg Innovation Index released on Tuesday (Jan 17). The Republic’s global position was unchanged from the previous year, though it managed to usurp Japan as Asia’s second most innovative economy after the Japanese fell from 4th to 7th spot. South Korea […]
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