SINGAPORE’S services industries saw an increase in takings in the first quarter of 2019, even as the pace slowed down from before, according to data from the Department of Statistics (SingStat) on Monday. Overall services’ business receipts grew by 3.6 per cent in Q1 compared to a year ago, easing from the 4.1 per cent […]
Read MoreSINGAPORE manufacturers that produce parts for the tech sector said that they are not directly hit by the recent developments surrounding Huawei, even as they feel the heat with the trade war shaping up to become a tech war. Nevertheless, economists warned that the effects will start trickling down to local players, with the entire […]
Read MoreCore inflation in Singapore eased again last month, as a fall in the cost of electricity and gas as well as lower food inflation more than offset higher services inflation, according to data released yesterday. Core inflation – which strips out private transport and accommodation costs – declined to 1.3 per cent on a year-on-year […]
Read MoreSINGAPORE’S key non-oil domestic exports (NODX) extended their quarterly decline in the first three months of the year, posting a 6.4 per cent drop year on year, according to trade promotion agency Enterprise Singapore on Tuesday. This was much sharper than the 1.1 per cent drop in NODX in the final quarter of 2018. Both the […]
Read MoreSINGAPORE: Singapore’s annual economic growth slipped to the lowest in nearly a decade in the first quarter led by a slump in manufacturing, final data showed on Tuesday, prompting a downgrade to the city-state’s full-year growth forecast. Gross domestic product (GDP) expanded 1.2% year-on-year in the three months ended March 31, down slightly from the […]
Read MoreSINGAPORE’S exports extended its double-digit decline for the second straight month in April, surprising economists who had expected a milder drop. Non-oil domestic exports (NODX) fell by 10 per cent last month on the back of a high base a year ago, according to the latest report by Enterprise Singapore. This followed a revised 11.8 […]
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