Business News Asia
Data released on Wednesday (Jan. 25) by the Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry (MTI) showed that Singapore’s core inflation held steady at 5.1% for the third consecutive month in December, slightly higher than…
Singapore’s domestic non-oil exports (NODX) fell for the third consecutive month in December due to weak global demand, according to data released by EnterpriseSG. NODX fell by 20.6% in December, following a 14.7% decrease in November. Both electronic and non-electronic…
Singapore’s Ministry of Trade and Industry said Monday (Jan. 3) that gross domestic product (GDP) grew 3.8% year-on-year in 2022. This is better than the expected 3.5%, but Singapore’s economy is expected to slow in 2023. GDP grew 2.2% year-over-year…
The Monetary Authority of Singapore (MAS) and the Ministry of Trade and Information (MTI) said on Friday (Dec 23) Singapore’s core inflation held steady at 5.1% year-on-year in November. which is the same rate as the previous month due to…
Singapore’s domestic non-oil exports (NODX) fell 14.6% in November from a year earlier. This was the second consecutive month of declining exports, following a 6.1% drop in October after nearly two years of growth. Enterprise Singapore (ESG) reported Friday that…
Retail sales in Singapore rose 10.4% year-on-year in October, following an 11.3% increase in September. Month-on-month, they rose 0.1%, following a 3.2% increase in September. Total retail sales for the month were an estimated S$4 billion, with online sales accounting…
The Singapore National Bureau of Statistics reported that the core consumer price index (CPI), the central bank’s main inflation indicator, rose 5.1% in October, down from 5.3% in September. The slowdown in the core consumer price index was attributed to…
Singapore’s Ministry of Trade and Industry (MTI) reports that Singapore’s gross domestic product (GDP) grew less than expected in the third quarter of 2022. According to MTI, Singapore’s gross domestic product (GDP) grew by 4.1% year-on-year in the third quarter…
Singapore’s domestic non-oil exports (NODX) fell 5.6% in October. This was the first decline in exports in almost 2 years. A decline in exports was last seen in November 2020. Sales of electronic and non-electronic goods declined in October, according…
Data from energy analytics firm Vortexa cited by Bloomberg indicate around 1.1 million tons of Russian high-sulfur fuel oil (HSFO) was stored in tankers near major Asian ports in the week ending October 24. Compared to last year, the amount of…
