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According to the Ministry of Trade and Industry and the Monetary Authority of Singapore, in March, consumer price inflation accelerated in Singapore to 0.6% from a February value of 0.5%. Factors such as higher prices for services and food, as well as a moderate reduction in the cost of private road transport and accommodation, contributed to the acceleration of inflation. According to economists, the March inflation was expected at a higher level of 0.7%. Consumer prices in Singapore compared with the previous month decreased by 0.1% after a February increase by 0.5%. Official data also showed that the base consumer price index in monthly terms fell by 0.2% and grew by 1.4% in annual terms.
June had seen Singapore’s non-oil domestic products advancing 16.1% from a year earlier. The reading managed to place above estimates backed by strong activity in shipments of pharmaceuticals, specialized machinery, and electronics, ...
Gold prices were down slightly on Wednesday in Asia, losing gains made in a previous session. However, the safe haven asset’s losses remained limited as COVID-19 worries mounted on top of worsening U.S.-China relations. Gold futures ...
Singapore’s economy recorded its sharpest contraction in the second quarter. This placed the trade-dependent city-state into recession as it is also expected to suffer from its worst inactivity this year on virus-beaten businesses. The ...
Singapore said on Monday it is ready to release its developed blockchain-based payments network that would pave the way for faster and cheaper international settlements. The Monetary Authority of Singapore joined forces with state investor ...
June had seen Philippine inflation advancing faster than what was initially thought. This followed after one of the world’s longest coronavirus lockdowns was lifted. Moreover, food, fuel prices, and the transport index were seen at higher ...
KYC Policy