Daily Debrief: What Happened Today

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Singapore inflation holds steady in November, with core at 5.1% and headline at 6.7%

SINGAPORE’S inflation stayed steady across the board in November, as the smaller increase in energy prices helped to offset rising prices of retail and other goods, data from the Monetary Authority of Singapore and Ministry of Trade and Industry showed on Friday (Dec 23).

Singapore’s factory output shrinks by worse-than-expected 3.2% in November

SINGAPORE’S factory output contracted 3.2 per cent year on year in November, deepening from October’s revised 0.9 per cent decrease, according to Economic Development Board data on Friday (Dec 23).

Malaysia’s inflation rate holds steady at 4% in November, slightly above economists’ forecasts

MALAYSIA’S inflation rate held steady at 4 per cent in November, unchanged from the month before and just slightly higher than the 3.9 per cent forecast by a group of 17 economists in a recent Reuters poll.

Singapore hotel average room rates slip in November

SINGAPORE hotels’ average room rate (ARR) slipped for the second straight month in November, but remained higher than rates recorded prior to September 2022’s 14-year high, Singapore Tourism Board data showed on Friday (Dec 23).

Influx of new homes may ease rental pressures in 2023, but supply crunch looms

THE influx of new homes in 2023 may ease rental pressures, but the jury is still out on whether home leasing activity will slow or stay robust.

The STI today

Singapore shares end week in the red despite festive cheer, STI down 0.4%

THE upcoming holidays did little to spur on local shares as they ended the week on a slightly dour note. Gloomy macroeconomic data – steady inflation levels and a 3.2 per cent contraction in factory output for November – also did not ease worries of investors.