Taking a longer view, economic growth in Singapore "has consistently delivered better jobs and higher wages for Singaporeans", despite worries about inflation and rising cost of living, and the occasional setback, the Prime Minister noted.
Singapore News - Retrenchments in Singapore fell for the second straight quarter while the hiring outlook improved, according to preliminary first-quarter labour market data released by the Ministry of Manpower (MOM) on April 30. The data also showed that total employment grew by 4,900 in. Read more at www.tnp.sg
A recovery in the global tech cycle and cutting of interest rates by major central banks are expected to keep Singapore's economy growing this year. In its biannual report, the Monetary Authority of Singapore maintained its GDP forecast of between one and three per cent for the full year. This is even as industrial per
Singapore's industrial performance fell below expectations in March but analysts remain optimistic about the outlook ahead. Output fell 9.2 per cent on-year, more than the 1.5 per cent drop economists had forecast. This also reversed February's 4.4 per cent growth. Observers say growth in key trading partners like the
Prices are increasing at a slower pace in Singapore, with both headline and core figures coming down in March. Headline inflation eased to 2.7%, its lowest in 2.5 years. Core inflation, which excludes accommodation and private transport, is down to 3.1%. Analysts said this could be due to an appreciating Singdollar, de