THE decline in Singapore’s retail sales eased in November, falling 1.9 per cent year on year, due mainly to multiple mega sales events held during the month, according to the Department of Statistics (SingStat) on Tuesday. November’s performance is an improvement over the 8.5 per cent year-on-year contraction seen in October. On a seasonally adjusted […]
Read MoreSINGAPORE – Singapore closed its worst year of economic performance on an optimistic note as the economy shrank less than expected. Gross domestic product (GDP) contracted by 5.8 per cent for the whole of 2020 amid the disruption to economic activities caused by the coronavirus pandemic, according to the Ministry of Trade and Industry’s (MTI) […]
Read MoreSINGAPORE (THE BUSINESS TIMES) – The overall payment performance of Singapore firms hit an all-time low in 2020 amid the economic fallout from the Covid-19 pandemic. The annual average proportion of prompt payments fell to less than half of total payment transactions to 40.74 per cent in 2020, from 49.05 per cent in 2019, the […]
Read MoreSINGAPORE – Prices of private homes in Singapore rose for a third consecutive quarter, defying the Covid-19 pandemic and a recession. The overall price index for private residential properties climbed 2.1 per cent in the fourth quarter of 2020, faster than the 0.8 per cent increase in the third quarter, according to flash estimates from the […]
Read MoreSINGAPORE’S factory output was back on track in November, after an earlier decline, as plants in the volatile pharmaceuticals segment roared to life. Industrial production surged by 17.9 per cent year on year, after a shock dip of 0.8 per cent in October, Economic Development Board (EDB) data showed on Thursday. Manufacturing performance, fuelled by […]
Read MoreSINGAPORE – The decline in core consumer prices and overall inflation eased last month, according to data released by the Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry (MTI) on Wednesday (Dec 23). Core inflation, which excludes accommodation and private road transport costs, came in at minus 0.1 per cent year […]
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