Press releases about business, cryptocurrency, fintech and more news in Hong Kong and Asia

S’pore core inflation near 14-year high of 5.1% in August on more costly food, services

SINGAPORE – Consumer prices in Singapore continued to climb in August and core inflation hit a near 14-year high, on the back of more costly services and food. Core inflation, which excludes costs of private transport and accommodation and reflects the expenses of Singaporean households more accurately, hit 5.1 per cent year on year, up […]

Economists cut Singapore’s 2022 growth forecast on inflation, global slowdown woes: MAS poll

SINGAPORE – Private-sector economists shaved their 2022 growth forecast for Singapore, citing the sharper-than-expected surge in inflation and the slowing economies of its trading partners as the key downside risks. The Republic’s economic growth was projected at 3.5 per cent for the full year, according to the quarterly survey of professional forecasters released by the […]

Economists cut Singapore 2022 growth forecast on inflation, global slowdown woes: MAS poll

SINGAPORE – Private-sector economists shaved their 2022 growth forecast for Singapore, citing the sharper-than-expected surge in inflation and the slowing economies of its trading partners as the key downside risks. The Republic’s economic growth was projected at 3.5 per cent for the full year, according to the quarterly survey of professional forecasters released by the […]

S’pore core inflation hits 13-year high of 4.8% in July, overall inflation reaches 7%

SINGAPORE – Consumer prices in Singapore continued to climb in July and core inflation hit a 13-year high, with economists saying respite is still months away. Core inflation, which excludes costs of private transport and accommodation and reflects the expenses of Singaporean households more accurately, hit 4.8 per cent year on year, up from 4.4 […]

MAS posts $7.4 billion annual loss, weighed by stronger Singdollar amid soaring inflation

SINGAPORE – Singapore’s financial sector went from strength to strength, buoyed by broad-based growth but inflationary pressures, wobbly global growth and global tightening monetary policies have weighed on the central bank’s fiscal performance. The Monetary Authority of Singapore (MAS) on Tuesday (July 19) announced at its annual review that it clocked a net loss of […]