News
Singapore economy will expand 5% in 2011:OCBC
Singapore economy will expand 5% in 2011:OCBC
The IR-tourism sector, healthy FDI and generous FY2011 budget may push the economic growth on the higher end of the official 4 to 6 % forecast.
72 % of Singaporean companies are budgeting a pay rise for staff
But its not all good news, with 41% of companies having no plans to hire and 6% planning to fire staff this quarter.
Exports fell 2.2% in January m-o-m, but still up 20% for the whole year
The better-than-expected y-o-y growth was led by electronics and pharmaceuticals.
Singapore economy will grow 5.2%:HSBC
Financial services will be the main driver for growth in 2011.
Government warns inflation could rise up to 6 % in 1H 2011
Singapore economy is facing a tighter labour market and inflationary concerns that may prompt further monetary tightening.
Dramatic slowdown in senior recruitment saw job ads fall 9% in 4Q 2010
The demand for senior, high profile roles which are not usually advertised partially caused the decrease in job advertisement volume.
Government forecasts economy could grow 4 to 6% in 2011
But the Ministrry of Trade and Industry warns several downside risks remain..
Singapore economy blew the gates off with 12% growth in last quarter of 2010
But construction slowed dramatically, falling 2 % having grown 6.7 % in the previous quarter.
Non-oil domestic exports may have contracted 7% in January 2011
The Lunar New Year in early February may have caused a pullback in export sales in January.
Privately held businesses eye M&A for strategic growth
A survey said proportion of respondents anticipating making an acquisition in the next three years increased to 29% this year, up 8%.
Government may unveil $7.5bn worth of special transfers
The amount is the highest since at least FY2004, beating FY2008's $7.4 billion.
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.
Spendthrift Singaporeans helped push retail sales up 2.7% in December 2010
Favorable labor market conditions and booming tourism is keeping retailers happy.
Asia Pacific contract logistics seen to drive growth in Singapore's manufacturing sector
Singapore’s contract logistics business is expected to grow faster than that in most of its Southeast Asian neighbors.
Singapore is the favourite location for investment bankers
Singapore topped London, New York, and Dubai as talented bankers in the UK capital seeking jobs in the Asia Pacific region.
Singapore's January private home sales drop 9.7%
Private residential market remained affordable in January as 46.2% of all private units sold were in the <$1,000psf price range.
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.
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