News

After the surge in Q1, there could be a temporary pullback in economic activity in Q2, said the MAS.

However, inflation may still remain elevated due to various factors, said OCBC.

This is despite the fact that Singapore is two years into the recovery from the global financial crisis, said DBS Vickers.

The 22% jump in manufacturing output was still weaker than the GDP flash estimate for manufacturing, said HSBC.

The move was made as the country battles to contain fast rising food price inflation.

The growth in manufacturing output was led by the pharmaceuticals segment which grew 60.9 per cent.

Amid the robust economic performance, the incidence of workers laid off fell to a new low in 2010.

Total unsold inventory had climbed to 35,000 units in 1Q 2011 from 33,000 units in 4Q 2010.

The impending rise of utility costs in Q2 and rising commodity prices mean the inflation battle is by no means over, OCBC said.

Resale transactions fell to 6,228 cases from 6,454 in 4Q10.

Pacific Inter-Link Sdn Bhd (PIL) issues a writ of summons against Wilmar Trading Pte Ltd (WTPL) for alleged defamation and unlawful interference with PIL's economic interests and businesses.

A total of 3,185 new flats are offered, comprising of 105 units of 2-room, 541 units of 3-room, 1,797 units of 4-room and 742 units of 5-room flats.

Six consecutive monthly contracts of each currency pair will trade Monday to Friday from 10.00am up to midnight SGT starting from April 29.

Underlying demand-led pressures will join up with rising commodity prices to keep inflation readings on the high end for a while, HSBC said.

OCR will lead the way with 10% growth, said PropNex.

On a month-on-month basis, consumer price index rose marginally by 0.1 per cent.