SINGAPORE’S unemployment rate returned to pre-pandemic levels in February and is expected to fluctuate around this level depending on the prevailing economic situation, said the Ministry of Manpower (MOM) on Thursday (April 7). “The high number of vacancies could bring rates down further, but at the same time, the downside risks in the global economy […]
Read MoreSINGAPORE’s retail sales fell 3.4 per cent year on year in February, reversing from last month’s 12 per cent increase and snapping a 5-month growth streak. The decline in February was attributed partly to lower sales compared to a year ago when sales were boosted by pre-Chinese New Year (CNY) spending, said the Department of […]
Read MoreTHE “buy now, pay later” (BNPL) trend does not pose a significant risk as yet to consumer debt levels in Singapore, but a code of conduct for the industry will be launched in the second half of this year, the House was told on Tuesday (Apr 5). The Monetary Authority of Singapore (MAS) is counting […]
Read MoreTHE payment performance of firms in Singapore has shown improvement for the second straight quarter in Q1, said the Singapore Commercial Credit Bureau (SCCB) on Tuesday (Apr 5). “We are seeing a continued uptrend in the payment performance of local firms in the first quarter of 2022,” said SCCB chief executive Audrey Chia. That being […]
Read MoreSINGAPORE’S factory activity dipped further in March, mirroring a region-wide drop in manufacturing sentiment amid rising prices and supply chain disruptions. Last month’s Purchasing Managers’ Index (PMI) fell 0.1 point to 50.1, marking the third month of decline, according to the Singapore Institute of Purchasing and Materials Management (SIPMM) on Monday (Apr 4). A reading […]
Read MoreSINGAPORE’S electricity tariff is set to rise in the second quarter due to higher energy costs arising from surging global oil and gas prices, exacerbated by the conflict in Ukraine. For the period between Apr 1 and Jun 30, the tariff (before the goods and services tax or GST) will rise by an average of […]
Read More
Thailand
