FOREIGN direct investment (FDI) net inflows almost doubled in October, the Bangko Sentral ng Pilipinas (BSP) reported on Monday. In a statement, the central bank said the country’s FDI rose by 98.9 percent to $855 million in October from $430 million year-on-year. BSP attributed the higher FDI net inflows in October to the 78.5 percent […]
Read MoreSINGAPORE – Prices of resale condominium units climbed 10.3 per cent last year, underscoring the hot property market that triggered new cooling measures in mid-December. In 2020, condo resale prices gained just 1.4 per cent. This comes after resale prices rose in December by 1 per cent, marking the 17th consecutive month of growth, according […]
Read MoreSINGAPORE intends to continue gradually reopening its borders, and has plans to restore quarantine-free travel with more countries and regions, said Minister for Transport S Iswaran. Though the government had moved to place curbs on the Vaccinated Travel Lanes (VTLs) in response to the global Omicron variant wave, Iswaran on Monday (Jan 10) assured the House that […]
Read MoreSINGAPORE (BLOOMBERG) – An expected hike in Singapore’s goods and services tax (GST) this year is raising pressure on the central bank to tighten monetary policy as it seeks to rein in mounting inflation pressures, according to analysts polled. The Monetary Authority of Singapore (MAS), which uses exchange rates as its main policy tool, will […]
Read MoreSINGAPORE’S unemployment rates continued to decline in November, according to Manpower Ministry statistics on Thursday (Jan 6). The overall unemployment rate declined to 2.5 per cent, from 2.6 per cent the month before. Resident unemployment fell to 3.2 per cent from 3.4 per cent previously, and citizen unemployment to 3.5 per cent from 3.6 per […]
Read MoreSINGAPORE’S professional services sector should keep an eye on the “Great Resignation” trend in other economies, Second Minister for Finance Indranee Rajah told the industry on Wednesday (Jan 5). She was speaking at the launch of jobs transformation maps (JTMs) for in-house finance and accounting, and accounting practices – the latest such plan, after similar […]
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