Economy

Inflation fears return as CPI rises to 3.2%

Singapore’s inflation held at a 14-month high in May as the island’s economic rebound boosted food, housing and car prices.

Inflation fears return as CPI rises to 3.2%

Singapore’s inflation held at a 14-month high in May as the island’s economic rebound boosted food, housing and car prices.

Southeast Asia withstands debt crisis with enough reserves

Moody's gives “mostly stable” outlook to the region behind dependence on China banks than Europe.

Asian millionaires equal European counterparts in number

Merrill Lynch reports a 26% rise of individuals with $1mln of investable assets to 3mln in 2009.

SMa creates committee to boost SMEs' productivity

Productivity and Innovation Function Committee tasked to identify gaps and offer solutions.

MAS: Singdollar stands firm

Singapore Dollar will remain strong amidst China's announcement on weekend that it will give the Yuan more space for flexibility.

Total trade dropped by 1.7 percent in May compared to April

On a m-o-m SA basis, Non-oil Domestic Exports decreased marginally by 0.1 percent in May 2010 due to lower sales of non-electronic NODX.

Singapore to ratify ILO Convention on Tripartite Consultation

Move to institutionalise and strengthen tripartism to undertake effective consultations on ILO activities between the sectors.

Construction bust looms as firms begin first layoffs in almost two years

Overall unemployment fell down to 2.2% while redundancies remained at around pre-recession quarterly levels.

MOF appoints new members for Singapore Totalisator Board

Patrick Lee Kwok Kie and Kon Yin Tong’s appointments took effect on Tuesday.

Singapore and Jiangsu high-tech enterprises explore partnerships

Top government officials from Singapore and Jiangsu witness ten signings on Science and Technology collaborations.

Business receipts surged 8.8%

The overall year-on-year change was led by the financial & insurance industry which reported higher turnover of 17%.

One in two Singapore firms not managing business risks

But 78% of companies have implemented ERM programme or plan doing so over the next two years.

Government okays recommendation for sustainable wage increases

NWC's suggestion aims to raise productivity growth to 2%-3% per year over the next decade.

Prime ministers of Singapore, Malaysia enhance bilateral relations

Agreement of leaders of neighbouring countries promotes commerce and tourism by increasing connectivity.

Singapore tops IMD 2010 World Competitiveness Yearbook rankings

Singapore and Hong Kong displaced the USA in a very slim lead.

Singapore economy expanded by 15.5%

On a year-on-year basis in the first quarter of 2010, the Singapore economy grew as the manufacturing sector saw 32.9 percent expansion.

DTZ Research sees strong rebound in Asia Pacific

Singapore's 31% growth contributes to region's spearheading the world economy out of the economic downturn.