SINGAPORE – Food is expected to become more expensive in Singapore in the coming months as energy prices increase amid higher prices for global food commodities, supply chain bottlenecks and labour shortages, said Trade and Industry Minister Gan Kim Yong. In a written reply to a parliamentary question from Shawn Huang (Jurong GRC) on Wednesday […]
Read MoreSINGAPORE – The Monetary Authority of Singapore has proposed changes to the classification of certain investment products, whereby those categorised as complex will come with enhanced safeguards to protect retail investors. In a consultation paper issued on Wednesday (Nov 3), MAS sought feedback on its latest review of its complex products regime set up in 2012 […]
Read MoreSINGAPORE – The manufacturing sector has continued to expand even though cost pressures are intensifying for local companies, in particular, those in the electronics sector. Overall, the manufacturing sector has now recorded 16 months of consecutive growth, according to data from the Singapore Institute of Purchasing and Materials Management (SIPMM) that was released on Tuesday […]
Read MoreSINGAPORE (BLOOMBERG) – Singapore’s top central banker has said the monetary authority is watching for signs of accelerating inflation and is ready to act, underscoring how policymakers globally are refocusing attention on rising prices after their extraordinary efforts to weather the pandemic. “Overall, I would say the balance of risk has shifted towards inflation,” Mr […]
Read MoreSINGAPORE – The manufacturing sector has continued to expand even though cost pressures are intensifying for local companies, in particular, those in the electronics sector. Overall, the manufacturing sector has now recorded 16 months of consecutive growth, according to data from the Singapore Institute of Purchasing and Materials Management (SIPMM) that was released on Tuesday […]
Read MoreSINGAPORE (BLOOMBERG) – Singapore is seeking to cement itself as a key player for cryptocurrency-related businesses as financial centres around the world grapple with approaches to handle one of the fastest-growing areas of finance. “We think the best approach is not to clamp down or ban these things,” said Mr Ravi Menon, managing director of the […]
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