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Singapore core inflation continues to climb

SINGAPORE (THE STRAITS TIMES) – Singapore’s overall and core inflation continued to climb in November, after both benchmarks hit their highest in several years the previous month. Both benchmarks rose faster than economists had predicted. Core inflation, which excludes rents and private road transport costs, climbed to 1.6 per cent last month from 1.5 per […]

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Singapore non-oil exports surge 24.2% in November, biggest jump in nearly 10 years

SINGAPORE – Singapore’s key exports defied supply chain disruptions and continued challenges from the Covid-19 pandemic to rack up their biggest increase in almost 10 years last month. Non-oil domestic exports (Nodx) surged 24.2 per cent year on year, extending the revised 17.8 per cent increase in October and growing for the 12th straight month, according to data released […]

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Singapore property developers will face ‘immense’ pressure from higher ABSD: Redas

THE Real Estate Developers’ Association of Singapore (Redas) said the latest set of cooling measures was “rather unexpected”, considering the property market is just beginning to emerge from the challenging Covid-19 situation. The quantum of increase in the additional buyer’s stamp duty (ABSD) rates, especially the revised land ABSD of 35 per cent for entities, […]

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Singapore’s labour market recovery to continue into 2022; tightness partly driven by border curbs: MOM

SINGAPORE’S labour market recovery is expected to continue into 2022 alongside further easing of Covid-19 curbs, though border restrictions remain a significant driver of labour market tightness, according to the Manpower Ministry’s (MOM) latest Labour Market Report on Wednesday (Dec 15). There are now twice as many job vacancies as unemployed persons, but this is […]

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