SINGAPORE exports rose for the 10th straight month in September, beating private-sector analysts’ expectations to expand by 12.3 per cent year on year. Non-oil domestic exports (NODX) growth picked up from the 2.7 per cent expansion in August and also came in ahead of the estimate of 8.7 per cent in a Bloomberg poll, data […]
Read MoreJOHOR BARU, Oct 18 — The full reopening of the borders between Malaysia and Singapore will see a revival of Johor’s domestic economy that has been hit due to Covid-19, said the South Johor Hawkers and Petty Traders Association today. Its chairman Datuk Yow Boon Choon said that prior to the Covid-19 pandemic, Singaporean shoppers […]
Read MoreSINGAPORE – New private home sales posted a double-digit drop for a second straight month as many developers held off on new launches following a sharp rise in Covid-19 community cases and tight visitor restrictions. The number of units moved fell 31 per cent to 834 units last month from 1,216 in August, while sales dropped 37 […]
Read MoreSINGAPORE – The move by the central bank to tighten monetary policy is a “macro” decision that will have practical effects on the price of goods for a typical Singaporean. A tight policy means a country reduces the so-called money supply, said Professor Lawrence Loh of the National University of Singapore Business School, noting: “This is usually […]
Read MoreSINGAPORE – In a surprise move, Singapore’s central bank tightened its monetary policy on Thursday (Oct 14), saying it expects rising inflation and aims to ensure price stability over the medium term. The Singapore dollar jumped about 0.3 per cent after the announcement to hit a three-week high of 1.3475 per US dollar. At 11.15am, the […]
Read MoreSINGAPORE – Singapore’s economy expanded at a slower annual pace in the third quarter compared with the previous three-month period when growth was boosted by a low-base effect. Gross domestic product (GDP) rose 6.5 per cent on a year-on-year basis in the July-September period, moderating from 15.2 per cent growth in the previous quarter, said the […]
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