SINGAPORE brought in S$1.9 billion in tourism receipts in 2021, down about 60.4 per cent year on year, according to preliminary estimates released on Tuesday (Jan 25). The decline came on a continued slump in international arrivals, with the Singapore Tourism Board (STB) noting that the tourism sector stayed pivoted towards domestic consumption. In contrast, […]
Read MoreTHE Monetary Authority of Singapore (MAS) said it is raising slightly the rate of appreciation of the Singapore dollar nominal effective exchange rate (S$NEER) policy band, after it raised its inflation forecasts for 2022. The “pre-emptive adjustment” comes after MAS tightened its monetary policy settings in October 2021, to account for external and domestic cost pressures. Then, […]
Read MoreSINGAPORE (CNA) – Singapore’s core inflation in December rose to 2.1 per cent on a year-on-year basis, up from the 1.6 per cent reported in November, official data released yesterday showed. This was driven by an increase in services inflation, mainly due to a steeper increase in airfares which reflected the higher costs of travel […]
Read MoreTHE surprise off-cycle tightening of policy by the Monetary Authority of Singapore (MAS) does not preclude further moves in April, nor does the higher-than-expected inflation mean that the anticipated Goods and Services Tax (GST) hike will have to be delayed, said economists. Ahead of its scheduled April meeting, the MAS on Tuesday (Jan 25) raised the rate […]
Read MoreSHOPHOUSE sales in Singapore hit an all-time high value of S$1.9 billion in 2021, up by approximately S$1 billion from the year before, according to Knight Frank’s latest market update on Jan 24. The real estate consultancy attributed 2021’s record sales value to bullish investor sentiment, which came on the back of an economic rebound. […]
Read MoreSINGAPORE’S headline inflation rose to 4 per cent in December, exceeding economists’ expectations and prompting the authorities to review their 2022 forecasts. December’s figure exceeded economists’ expectations of 3.7 per cent, beating November’s previous high of 3.8 per cent, the latest consumer price data from the Monetary Authority of Singapore (MAS) and the Ministry of […]
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