SINGAPORE – E-commerce sales in Singapore are expected to reach US$14 billion (S$19.6 billion) by 2027, despite slower growth seen in 2022 amid inflationary pressures and supply chain disruptions, according to a report released by Facebook parent Meta and Bain & Company on Tuesday. This forecast reflects the continued optimism regarding South-east Asia’s long-term growth […]
Read MoreSINGAPORE’S retail sales grew 13.7 per cent year on year in July, extending the 14.9 per cent increase seen in the month before. On a month-on-month seasonally adjusted basis, retail sales were also up by 0.6 per cent, said the Department of Statistics (Singstat) on Monday (Sep 5). Excluding motor vehicles, retail sales expanded by […]
Read MoreSINGAPORE hotels’ average room rate (ARR) rose to a near-decade high in July, extending growth for the sixth straight month, according to the latest data from the Singapore Tourism Board (STB). ARR in July was S$259 – the highest since September 2012, where it was S$261.66. On the year, the jump was 69.2 per cent; […]
Read MorePRIVATE-SECTOR economists have again dialed down their expectations for the Singapore economy, according to a quarterly survey of professional forecasters by the Republic’s central bank on Thursday (Sep 1). They are now expecting full-year gross domestic product (GDP) to grow 3.5 per cent, slightly worse than the 3.8 per cent projection they made in June. The […]
Read MoreTEMPO.CO, Jakarta – Bank Indonesia (BI) and the Monetary Authority of Singapore (MAS) have agreed to initiate cooperation on cross-border Quick Response or QR code-based payment linkage between Indonesia and Singapore to encourage payment connectivity in ASEAN. “Bank Indonesia believes that the initiative marks an important milestone in strengthening bilateral financial cooperation between Singapore and Indonesia,” Governor of Bank […]
Read MoreSINGAPORE – A new work pass – the Overseas Networks and Expertise (One) Pass – will be introduced from Jan 1 next year, to attract top talent across all sectors. Applicants will need to earn a fixed monthly salary of $30,000 and above, which is comparable to the top 5 per cent of Employment Pass […]
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