Manufacturing, construction and services sectors report huge lay-offs due to redundancy and technological replacement harming Singapore's unemployment rates. (Photo : WRA Pool/ Pool via Getty Images) Recent statistics in Singapore's employment figures ... ( read original story ...)
Economists slash Singapore GDP, exports growth expectations further
Economists have slashed their forecast for the growth of Singapore economy in 2016 and 2017 in line with the weak global fundamentals and a sustained downward shift in GDP and export expansion in the trade-reliant country. According to the latest survey by ... ( read original story ...)
Singapore business confidence slumps
The quarterly Business Optimism Index (BOI) fell to negative 1.22 percentage points for the first quarter of next year from plus 2.87 percentage points in the fourth quarter of this year, the Singapore Commercial Credit Bureau (SCCB), which compiled the ... ( read original story ...)
Singapore Nov exports seen falling y/y for 3rd month on slack global demand
Singapore's exports in November are expected to have fallen for a third straight month, a Reuters poll showed on Tuesday, reinforcing the headwinds buffeting the trade-reliant economy in the face of sluggish global demand. Non-oil domestic exports (NODX ... ( read original story ...)
Imports of live Christmas trees slow sharply
SINGAPORE: With Christmas just two weeks away, live pine tree imports appear to have dropped drastically. The United States - a major supplier of live Christmas trees to Singapore - has a reported shortage and, furnishing giant IKEA announced it would not ... ( read original story ...)
Business optimism hits another historical low in 4 years
Wholesale trade emerged as one of the most pessimistic sectors. Local firms in Singapore seemed to be losing hope as Business Optimism Index plunges to its second lowest historical low in four years, Singapore Commercial Credit Bureau (SCCB) revealed. ( read original story ...)
IOI Prop thrives on diversity
One of the reasons for its large profit is the diversity of its business. Projects in China and Singapore stand out in terms of driving earnings which the company says were responsible for both an increase in revenue and operating profit. That diversity is ... ( read original story ...)