Economy

Singapore service sector contracted 8.8% in 2010

The only service sectors that showed growth are financial services sector and tourism-related business, HSBC said.

Singapore service sector contracted 8.8% in 2010

The only service sectors that showed growth are financial services sector and tourism-related business, HSBC said.

HSBC forecasts a ho-hum 2011 for Singapore economy

The bank says the country is about to enter into “normal times” after rebounding quickly from the global financial crisis and posting a record 14.7%...

Singapore's 2010 GDP falls short of expectations

The economy registered a full year growth of 14.7% despite expanding in 4Q10, and failed to meet the analysts’ 15% prediction.

Singapore GDP growth forecast at 5% in 2011

Despite the 14.9% yoy GDP growth for 2010, GDP growth should moderate to around 4-5% in 2011.

US$1.13bln worth of small domestic appliances sold in ten months

Singapore Small Domestic Appliances industry grew significantly by 32 per cent.

Singapore economic growth expected to drop at 5.2% in 2011

While a full-year growth of 14.8% is expected for 2010.

Singapore inflation to increase 3.2% in 2011

The S-REIT sector now trades at a normalized FY11F distribution yield of c6.1%, slightly below its historical mean of c6.5%.

Singapore Banks get stable ratings—Fitch

The outlook on all banks' 'AA-' Long-Term IDRs is stable though home price decline behind risky & weak external conditions.

Singapore gross domestic product forecast at 5.1%

While Hong Kong, Indonesia, Malaysia and Thailand is expected to register a healthy GDP growth, ranging from 4%-6%.

Asia to become world's chief growth region in 2015

2010 signaled that Asia ex Japan has emerged from the global crisis.

Singapore authorities support protection of financial system stability

The discussion tackles measures which are said to include both macro supervision and micro measures to handle the anticipated increase in flows of...

Yields forecast at 0.4%

The central bank said that the policy of a modest and gradual appreciation of the SGD NEER will help "cap CPI inflation at 2-3% in 2011 from 2.5-3.0%...

Singapore economy seen to lose steam in 2011

GDP growth is poised to slip from 15% in 2010 to a mere 7% next year while inflation rate balloons to 3.2% from 2.8% as YoY growth moderates after a...

Asia flooded with more than $1tn of greenbacks in 2010

Government bond curve are more likely to steepen than flatten, given the prospect of strong growth and inflation.

2011 inflation forecast at 2.9%

While a 5.1% growth is to be expected, according to the latest MAS survey of professional forecasters. The growth and inflation for 2010 is 15.0% and...

Singapore new orders up 1.6 points

A PMI of 51.2 came in for November, according to OCBC. This is higher than October's PMI which is 50.7.

Singapore ranked 42nd most expensive location

Within Asia, Singapore is considered the 8th most expensive location in the survey conducted by ECA International. From last year, Singapore's rank...