Economy
Singapore households headed to a 'golden age'
Singapore households headed to a 'golden age'
Between 2000 and 2010, there was a rise in the proportion of resident households with elderly members aged 65 years and over.
Median monthly income from work rose 2.8% in 2010
The Gini coefficient rose slightly from 0.471 in 2009 to 0.472 in 2010 including employer CPF contributions.
Singapore economy seen to grow 7% in 2011
Services sector will be the key driver of growth as well as job creation.
GDP may have expanded 6.5% in 4Q 2010
The economy has adverted a pharma led technical recession due to bounce back in drugs production in the final quarter.
Government gears up for war against inflation
MAS will allow SGD to strengthen further to combat inflationary pressures.
Singapore ranks 2nd in productivity for 2010
High GDP growth boosted the country’s productivity growth 12.7%, according to the Conference Board estimates.
Economic activity slowed by 0.2 points in January 2011
Electronics dragged down the Purchasing Managers Index as it retreated for a second time by a sharper 1.4 points.
Singaporeans to face higher inflation in 2011
Prime Minister Lee warned that higher inflation is expected in the next few months.
Food price inflation threatens Singapore
10 per cent of the headline CPI in 2010 was contributed by food prices and it is one of the main drivers of the high CPI inflation.
Highest income group experienced inflation increase of 3.1% in 2010
Lowest and middle income groups experienced consumer price increases of 2.4% and 2.7% respectively.
Singapore records $10B foreign investments in 2010
Singapore received US$10 billion worth of investments from international firms in 2010, modestly surpassing the US$7.79 billion forecast.
Singapore inflation forecast at 3.3% in 2011
The December CPI may not change the April outlook as far as the monetary policy is concerned, OCBC said.
Singapore inflation up 2.8% in 2010
Transport, housing and food were the main drivers to the high CPI inflation.
Singapore ranked third in Globalization Index 2010
Hong Kong took the first place, followed closely by Ireland on Ernst & Young's Globalization Index 2010.
Inflation up 4.7% in December 2010
Higher COE prices, food and fuel prices, on top of the festive season effect are the factors driving inflation higher.
Budget surplus to exceed $6bln in FY2010
Rising tax receipts and a buoyant economy pulled the budget surplus higher, setting the stage for a generous FY2011 budget.
Inflation may reach 5% in 1H 2011
Increasing commodity prices may exacerbate the CPI inflation, OCBC said.
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