SINGAPORE – Singapore still needs a “significant” number of hotel rooms to keep pace with rising tourist numbers in future despite substantial growth in room supply over the last three years, according to real estate agency Colliers International. Room supply increased by over 5,500 in 2015, with another 2,567 rooms added in 2016 and about […]
Read MoreSINGAPORE – Bank lending in Singapore expanded by 5.4 per cent in March from a year ago, faster than the 3.7 per pace of growth in February, on the solid growth in loans to financial institutions and home buyers. Loans through the domestic banking unit – which tracks lending in all currencies, but mainly reflects Singapore-dollar […]
Read MoreSINGAPORE’S economic outlook for 2018 remains positive despite global trade risks, said the Monetary Authority of Singapore (MAS) in the April edition of its half-yearly macroeconomic review, released on Friday. It reiterated its expectation for full-year gross domestic product (GDP) growth to come in “slightly above the middle of the forecast range” of 1.5 per […]
Read MoreTHE Singapore labour market has continued to show slight improvements in the first quarter of 2018, with retrenchment numbers the lowest in nearly seven years and the unemployment rate of residents hitting a two-year low. In a labour market report released by the Manpower Ministry (MOM) on Friday, preliminary data showed that the number of […]
Read MoreSINGAPORE is positioning itself as a gateway for German firms looking to tap business opportunities in Asean, as the region looks set to become an economic force in Asia. Germany already has a strong contingent of companies in Singapore, but there are are still opportunities for their small and medium-sized enterprises (SMEs) – known as […]
Read MoreSINGAPORE’S factory output grew 5.9 per cent in March compared to a year ago, comparable to economists’ predictions of a 5.7 per cent rise, according to preliminary Economic Development Board figures on Thursday. Excluding biomedical manufacturing, which tends to be volatile, output grew 8.6 per cent year-on-year. However, on a seasonally adjusted basis, manufacturing output […]
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Thailand
