Singapore exports unexpectedly jump in Nov

SINGAPORE: Singapore’s exports in November unexpectedly jumped, thanks to a sharp rise in shipments of pharmaceuticals as well as overall increases in sales to the European Union and China, but analysts say it’s too early to call a turn for the ... ( read original story ...)

Over 40,000 Singapore cleaners to receive 3% wage hike

Following a review of the Tripartite Cluster for Cleaners Report (TCC) for the cleaning sector, the Singapore government has accepted the recommendations contained in the report detailing enhancements to the Progressive Wage Model (PWM). Stated in the ... ( 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 ...)

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 ...)

Singapore economy could expand 2.3% in 2017: Deutsche Bank

Singapore - The Singapore economy could expand 2.3 per cent year on year in 2017, with a further rise to 3 per cent in 2018, said Deutsche Bank in a report this week. Still, it cautioned that "such a growth increment (is) hardly any reason to cheer about ... ( read original story ...)

Median salary to rise next year

The median base salary in Singapore is expected to rise 4.7 per cent in 2017, after factoring in disinflation, higher than the 3.7 per cent increase this year, said a report by Korn Ferry Hay Group yesterday. This would be ahead of Asia's real wage growth ... ( read original story ...)