SINGAPORE – Wages of Singaporeans and permanent residents (PRs) are likely to go up at a slower pace in 2023 as workers continue to enter the country and overall demand for labour softens as the economy slows. But while wage growth is expected to ease further, it will stay above its historical average, said the […]
Read MoreSINGAPORE’S manufacturing output contracted less than expected in March, but economists expect the industry’s slump to continue for at least the first half of 2023. Industrial production fell 4.2 per cent year on year in March, marking the sixth straight month of contraction, according to data from the Singapore Economic Development Board (EDB) on Wednesday […]
Read MoreUNCERTAINTY and financial stability tail risks have increased both globally and in Singapore with the rise in global interest rates, the Monetary Authority of Singapore (MAS) said in its half-yearly macroeconomic review on Wednesday (Apr 26). But it added: “For now, the swift and proactive response by policymakers to emerging vulnerabilities has been sufficient in […]
Read MoreThe central bank said supply and demand imbalances in the rental market “have already started to ease and will continue to do so progressively through this year”. SINGAPORE: Home rental pressures may ease in the coming months because of a “significant” supply of new housing units, said the Monetary Authority of Singapore (MAS) on Wednesday […]
Read MoreSINGAPORE’S inflation fell across the board in March – with the exception of energy – largely in line with economists’ expectations, according to official figures on Monday (Apr 24). Headline inflation was 5.5 per cent year on year, down from 6.3 per cent in February and matching private-sector economists’ median estimate in a Bloomberg poll. […]
Read MoreSINGAPORE – The slowing economy made life a bit harder for smaller companies in the first three months of 2023 after a lengthy period of expansion, a report noted on Thursday. It gave an overall reading of 49.9 points in an index that OCBC Bank compiles by analysing data from around 100,000 local small and medium-sized enterprises […]
Read More
Thailand
