SINGAPORE will not consider controls on petrol and diesel pump prices, even as fuel costs here climb on the back of higher global crude oil prices, Minister of State for Trade and Industry Low Yen Ling said in Parliament on Tuesday (Jul 5). “The government’s approach is to ensure that we have a competitive fuel […]
Read MoreTHE Monetary Authority of Singapore (MAS) is considering tighter measures on cryptocurrency trading platforms, said Tharman Shanmugaratnam, minister in charge of the regulator, in a written answer to a parliamentary question. The authority has already restricted marketing and advertising of cryptocurrency services by cryptocurrency platforms in public areas since January; the tightened curbs have included […]
Read MoreSINGAPORE retail sales grew by 17.8 per cent year on year in May, picking up from the 12.1 per cent rise in the month before, against a year-ago low base when borders were shut. On a monthly, seasonally adjusted basis, retail sales were up by 1.8 per cent to S$3.9 billion, with online transactions making […]
Read MoreCNA – Singapore does not expect its economy to slip into a recession or stagflation next year, said Minister of State for Trade and Industry Alvin Tan in Parliament yesterday, although he warned that globally, “significant” headwinds remain. So far this year, local economic activity has remained “resilient” despite rising inflation, he added in a […]
Read MoreSINGAPORE – Singapore’s economy will grow less this year than previously estimated and may expand at a much slower pace in 2023, said a report by the Asean+3 Macroeconomic Research Office (Amro). The Republic’s gross domestic product (GDP) will increase by 3.9 per cent in 2022 after advancing by 7.6 per cent a year earlier, […]
Read MoreOVERALL factory activity in Singapore expanded at a slower rate in June, but growth in the key electronics sector gathered steam, according to latest figures from the Singapore Institute of Purchasing and Materials Management (SIPMM) on Monday (Jul 4). Singapore’s Purchasing Managers’ Index (PMI) was 50.3 in June, down 0.1 point from 50.4 a month […]
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