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MAS recentres mid-point of policy band again in bid to reduce imported inflation
THE Monetary Authority of Singapore (MAS) on Friday morning (Oct 14) announced it would “re-centre the mid-point” of the Singapore dollar nominal effective exchange rate (S$NEER) to its prevailing level, with no changes to the slope and width of the band.
2.5m Singaporean adults will get up to S$500 in December as part of new S$1.5b support package
SINGAPOREAN adults who earn below S$100,000 this year and own a maximum of one property will receive up to S$500, as part of a S$1.5 billion support package announced on Friday (Oct 14) to help offset higher costs of living for lower- to middle-income groups.
Singapore GDP beats expectations to grow 4.4% in Q3: flash estimates
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SINGAPORE’S economy beat expectations and grew 4.4 per cent year-on-year in the third quarter, according to advanced estimates from the Ministry of Trade and Industry (MTI) released on Friday morning (Oct 14).
High energy prices, tight labour market a new state of affairs businesses must adjust to: DPM Wong
BUSINESSES operating in Singapore have to understand that high energy prices and tight labour conditions are likely to constitute a new state of affairs, and they must adjust their operations to cope over the longer term, said Deputy Prime Minister and Finance Minister Lawrence Wong in a press conference on Friday (Oct 14) to announce a S$1.5 billion support package.
Importers like Sheng Siong among winners from MAS tightening: DBS
AGAINST the backdrop of yet another round of currency appreciation, importers with domestic operations, such as grocery giant Sheng Siong, could see upside in the coming months given that overseas input costs are now relatively cheaper in Singapore dollar terms.
The STI today
Reits lead Singapore stocks lower on Friday, as STI falls for 7th day
LOCAL stocks continued their losing streak on Friday (Oct 14), even as most Asian markets rallied, following robust overnight gains on Wall Street.
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