Singapore's October core inflation highest in four years
Singapore's core inflation edged up to 1.9 percent year-on-year in October, the highest level in four years.
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Singapore's core inflation edged up to 1.9 percent year-on-year in October, the highest level in four years.
Singapore’s economic growth rate in the third quarter was 2.2 percent, the country’s Ministry of Trade and Industry (MTI) said on November 22.
A Reuters poll of 11 economists showed that Singapore is expected to report slower third-quarter economic growth than initially thought as the manufacturing sector faces strains from weaker global demand and an intensifying trade dispute between the United States and China.
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which is expected to take effect in December this year, will bring great opportunities for business cooperation with Singapore firms, said a statement from Singapore’s Ministry of Trade and Industry on November 20.
Singapore’s exports growth picked up the annual pace in October and handily beat forecasts, thanks to a continued surge in pharmaceutical shipments though the key electronics sector contracted again.
The Association of Southeast Asian Nations (ASEAN) and the International Renewable Energy Agency (IRENA) have signed a memorandum of understanding (MoU) aiming to support the ASEAN’s goal of raising the share of renewable energy to 23 percent of all energy sources by 2025.
The Monetary Authority of Singapore (MAS) on October 12 decided to tighten its monetary policy for the second time this year, forecasting the economy to expand steadily and core inflation to rise.
Singapore’s inflation is forecast to rise slightly this year due to the impacts of global petrol and food prices, according to the Monetary Authority of Singapore (MAS) and the Ministry for Trade and Industry (MTI).
Singapore’s non-oil domestic exports (NODX) increased by 11.8 percent in July year-on-year, surpassing expectations, according to the country’s International Enterprise (IE).
Vice Chairman of the Ho Chi Minh City People’s Committee Tran Vinh Tuyen met with visiting Chairman of Enterprise Singapore Peter Ong on August 13, stating that his city hopes to learn from the latter’s experience in smart city building.
Singapore's economy expanded 3.9 percent year on year in the second quarter of 2018, slightly above the advance estimate of 3.8 percent growth but lower than the median forecast of 4.1 percent.
The Ministry of Industry and Trade reported that the volume of locally-assembled cars in July was estimated at 23,200 units, up 31.4 percent compared with the same period last year.
The automobile market is expected to change dramatically from now to the end of this year as the production of cars in Vietnam starts to recover.
Increase in the prices of food and services pushed Singapore’s Consumer Price Index (CPI) in June up by 0.6 percent year-on-year, according to a joint report by the Singaporean Ministry of Trade and Industry and the Monetary Authority of Singapore (MAS) released on July 23.
A Swiss-funded trade promotion project to develop regional export and production plans has helped Vietnam’s small and medium scale enterprise become more competitive
Indonesia and Mozambique have kicked off their first-ever negotiations for a Preferential Trade Agreement (PTA) following a joint commitment reached during the Indonesia-Africa Forum (IAF) in April this year, according to the Indonesian Trade Ministry.
Malaysia said on April 2 that it will put Grab on the anti-competition watchlist after rival Uber offloaded its Southeast Asian operations to the Singapore-based taxi firm.
Singapore announced on March 30 that it is investigating the sale of US ride hailing giant Uber's Southeast Asia business to Grab over concerns that it may impact competition in the city-state.
