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Singapore to pump $9.2B in Indonesia projects

Singapore will be investing $9.2 billion to support green investment and build a logistics port hub in Indonesia, President Joko “Jokowi” Widodo said on January 25. The money, he said, will fund renewable energy projects in Batam, Riau Islands province, and in Sumba island and West Manggarai in East Nusa Tenggara province, as well as […]

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Singapore factory sector expands 13.2% in 2021 with uplift from better-than-expected December output growth

SINGAPORE’S manufacturing sector grew by 13.2 per cent year on year in 2021, jumping from the 7.5 per cent expansion in 2020, according to fresh figures on Wednesday (Jan 26). Full-year growth was driven by electronics and its adjacent precision engineering cluster, and supported by both the volatile pharmaceuticals cluster and a recovery in transport […]

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Singapore: MAS tightens Singdollar policy for second time in 3 months to counter rising inflation

SINGAPORE – Singapore’s central bank tightened its monetary policy in a surprise off-cycle move on Tuesday (Jan 25), to help strengthen the Singapore dollar and combat inflation running at its fastest pace in nearly eight years. In its second tightening move in three months, the Monetary Authority of Singapore (MAS) raised slightly the “slope” or rate of appreciation of its Singapore dollar […]

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