SINGAPORE (Reuters) – Singapore’s inflation quickened for a fourth consecutive month in August as the labor market remained tight, reinforcing the widespread view the central bank will keep a tightening bias on monetary policy at its next review in October.
The city-state has been grappling with high inflation over the past two years amid a surge in rents and car prices, even as growth has slowed due to weak demand for its key tech exports.
SINGAPORE (Reuters) – Singapore will require many companies operating in the city-state to consider Singaporeans for skilled job vacancies before turning to candidates from abroad, bowing to public pressure over a surge in foreigners over the past decade.
“The measures might mean more hassle and paperwork for companies, and it might even lower the long-term economic growth rate,” said Michael Wan, an economist with Credit Suisse in Singapore.
SINGAPORE, Sept 17 (Reuters) – Singapore’s non-oil domestic
exports unexpectedly fell in August, pointing to continued
difficulties faced by its manufacturers even as the city-state’s
overall trade figures underscored recent signs of improving
global demand for the region’s shipments.
Singapore, a major regional transhipment hub and home to the
world’s second busiest container port, provides a bird’s
eye-view of the movement of goods to and from the region.
SINGAPORE, Sept 11 (Reuters) – Singapore announced new rules
on Wednesday to cap credit card and other forms of unsecured
lending by banks, amid growing concerns about rising household
debt in Asia by consumers once known for their thrift.
Asia has seen consumer debt levels rise sharply in recent
years due to low interest rates and aggressive lending by banks.
SINGAPORE (Reuters) – International and regional brands expanding into Southeast Asia are giving mall owners along Singapore’s prime Orchard Road a boost, even as retail rents remain flat amid an increase in new malls across the wealthy city-state.
New entrants to Singapore’s retail scene include Spanish designer Adolfo Dominguez (ADZ.MC: Quote, Profile, Research, Stock Buzz) and French lingerie label Etam. Up-and-coming Asian brands are also getting into the act with South Korean shoe maker Spur and Hong Kong fashion retailer i.t opening their first shops in Singapore this year.
SINGAPORE (Reuters) – The Singapore government unveiled a master plan on Sunday to double capacity at Southeast Asia’s busiest airport, build a new waterfront city, move its massive port and relocate a military airbase to free up land for development.
The plan announced by Prime Minister Lee Hsien Loong follows mounting discontent in one of the world’s wealthiest nations over an influx of foreign workers and expatriates blamed for a range of problems – from strained infrastructure to among the highest living costs in Asia.
SINGAPORE, Aug 16 (Reuters) – Singapore’s non-oil domestic
exports fell slightly in July, roughly in line with
expectations, but some indicators continued to point to a
recovery in the city-state’s manufacturing sector.
The wealthy Southeast Asian city-state said shipments from
locally-based manufacturers excluding oil products fell 0.7
percent month-on-month in July after seasonal adjustments,
reversing from June’s 3.3 percent gain.
SINGAPORE (Reuters) – Singapore’s first prime minister, Lee Kuan Yew, warned against the risks in helping to develop an economic zone in neighboring Malaysia, adding that the wealthy city-state he helped build might not be around in 100 years if it did not pick good leaders.
“I am absolutely sure that if Singapore gets a dumb government, we are done for,” Lee, who turns 90 next month, wrote in “One Man’s View of the World”, a book launched on Tuesday.
SINGAPORE (Reuters) – Singapore government lawyers have started legal proceedings that could result in a political cartoonist serving a jail term, in another sign that the long-ruling People’s Action Party (PAP) is becoming increasingly intolerant of opponents, critics said.
Chew Peng Ee, known to followers of his “Demon-cratic Singapore” site on Facebook as Leslie Chew, had committed contempt of court “by scandalizing the judiciary of the Republic of Singapore”, the Attorney-General’s Chambers said in a statement on Thursday.
SINGAPORE, July 24 (Reuters) – Singapore’s foray into the
$300 billion-a-year space industry may seem like a lucrative
venture, but the path is lined with risks, especially in
satellite manufacturing where Western firms have long dominated
and entry barriers are high.
The push into space technology, announced earlier this year,
will initially focus on satellites to meet growing demand for
top-speed Internet connections as well as high-resolution images
commonly used in surveillance, forestry and energy exploration.