Consumer prices in Singapore rose at the fastest pace in 14 years in July, driven mainly by higher private transport and housing costs, as well as higher structural inflation. The consumer price index rose 7% in July from a year earlier, according to the statistics office. The figures were the highest since June 2008’s 7.5%, […]
Tag: Singapore
Singapore: Prime Minister warns of ‘storm’ from miscalculations in US-China tension
Singapore Prime Minister Lee Hsien Loong warned today of a potential miscalculation in tensions across the Taiwan Strait, which he said were unlikely to ease soon amid deep suspicion and limited engagement between the United States and China. In a televised speech ahead of the city-state’s national day, Lee said Singapore will be hurt by […]
Cryptocurrency exchange Zipmex files for bankruptcy protection in Singapore
Her Zinnia Lee Zipmex has become the latest casualty of the ongoing collapse in cryptocurrencies after experiencing liquidity problems it blames on troubled lenders Babel Finance and Celsius Network. The Singapore-based crypto exchange said on Wednesday that it has filed suspension applications with the city-state for five business entities. The moratoriums will protect Zipmex from […]
Singapore: Inflation recorded the biggest increase in the last 13 years in June
Inflation in Singapore posted its biggest rise in 13 years in June as transport and accommodation costs soared and structural inflation accelerated. The consumer price index stood at 6.7% in June from a year earlier, according to the statistics office. This was the biggest increase since 6.8% in September 2008, and beat estimates for a […]
Singapore: Greater than estimated export growth in June
Singapore’s exports (excluding oil) rose faster than expected in June, driven by growth in electronic and non-electronic shipments, as well as strong expansion in exports to the US, China, Malaysia and Japan. Non-oil exports from the trading hub of SE Asia rose 9% in June compared to the corresponding period of the previous year. The […]
Singapore inflation at a decade high
Consumer prices in Singapore hit a record high in May, due to higher living costs and private transport costs, as well as accelerating structural inflation. The consumer price index stood at 5.6% in May compared to the previous year, according to the statistical service. The figures are the highest since November 2011, when inflation stood […]
Singapore: Employment boosted at a slower pace than in the previous quarter
Employment in Singapore expanded at a slower pace in the first quarter of 2022 than in the fourth quarter of 2021, according to final figures released by the Ministry of Labor. Total employment, excluding migrant domestic workers, increased by 42,000 in the first quarter, compared with an increase of 47,900 in the fourth quarter. Most […]
At 1.8 billion, the shipowners’ investments in trucks and tankers
of Anastasia Vamvaka Greek shipowners in the first quarter of 2022 seem to be investing in both cargo ships – traditional sector – and tankers now that their shipping market is loss-making and prices are low, expecting to rise after 20 months of crisis. According to VesselsValue, since the beginning of the year, domestic shipping […]
Singapore: Exports increase higher than expected
Singapore’s non-oil exports grew faster than expected in December, mainly due to growing electronics shipments and strong demand from major trading partners such as China and the European Union. Non-oil exports from the Southeast Asian trading hub rose 18.4% in December from a year earlier, Enterprise Singapore said. The data were better than the average […]
In favor of the Greece-Singapore agreement for the avoidance of double taxation ND-SYRIZA-KINAL
With the votes of ND, SYRIZA and the Movement for Change, the plenary session of the Parliament approved the Greece-Singapore agreement for the elimination of double taxation and the avoidance of tax evasion. The KKE and the MERA25 opposed the convention. “Present” stated the Hellenic Solution. In the previous discussion, Undersecretary of Finance Apostolos Vesyropoulos […]