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Singapore’s lead over Malaysia’s economy shrinking

SINGAPORE: Malaysia is inching closer to regaining its lead over Singapore’s economy after trailing for a third straight year. The nation’s gross domestic product was $314.5 billion in 2017, about $9.4 billion less than Singapore’s $323.9 billion, according to data from the World Bank. That deficit is set to shrink to just over $2 billion […]

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Singaporeans’ inflation expectations fall to 3.11% for year ahead despite trade war fears

BOTH medium and long-term inflation expectations have eased from three months ago despite the potential of a trade war between the US and other major economies, particularly China, according to the latest quarterly survey from a Singapore Management University think tank released on Monday. Singaporeans’ median headline inflation projections for one year from now stood at […]

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Singapore’s finance sector can support Asian development but risk management also key: Heng Swee Keat

SINGAPORE – Singapore is positioned to support the region’s development by financing infrastructure and enterprise in Asia, including bringing in private capital, said Finance Minister Heng Swee Keat on Friday (July 13). The Republic’s adoption of digital technology can improve transaction efficiency and raise financial inclusion, he added, calling higher access to financial services “a […]

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Singapore Q2 GDP growth slows as trade tensions cloud outlook

SINGAPORE: Singapore’s economic growth eased in the second quarter and missed forecasts, preliminary data showed on Friday, as manufacturing activity cooled and worsening U.S.-China trade tensions clouded the outlook for the trade-reliant city-state. Gross domestic product grew 1.0 percent in the second quarter from the previous three months on an annualised and seasonally adjusted basis, […]

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Singapore retail sales up 0.1% in May

RETAIL sales in Singapore edged up marginally in May, with growth constrained partly by lower motor vehicle sales, according to Thursday’s Department of Statistics release. May’s retail takings were up 0.1 per cent from the same month a year ago, with a total estimated sales value of S$3.8 billion, of which online retail sales contributed 4.3 […]

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