Economy
Highest income group experienced inflation increase of 3.1% in 2010
Highest income group experienced inflation increase of 3.1% in 2010
Lowest and middle income groups experienced consumer price increases of 2.4% and 2.7% respectively.
Singapore records $10B foreign investments in 2010
Singapore received US$10 billion worth of investments from international firms in 2010, modestly surpassing the US$7.79 billion forecast.
Singapore inflation forecast at 3.3% in 2011
The December CPI may not change the April outlook as far as the monetary policy is concerned, OCBC said.
Singapore inflation up 2.8% in 2010
Transport, housing and food were the main drivers to the high CPI inflation.
Singapore ranked third in Globalization Index 2010
Hong Kong took the first place, followed closely by Ireland on Ernst & Young's Globalization Index 2010.
Inflation up 4.7% in December 2010
Higher COE prices, food and fuel prices, on top of the festive season effect are the factors driving inflation higher.
Budget surplus to exceed $6bln in FY2010
Rising tax receipts and a buoyant economy pulled the budget surplus higher, setting the stage for a generous FY2011 budget.
Inflation may reach 5% in 1H 2011
Increasing commodity prices may exacerbate the CPI inflation, OCBC said.
Singapore inflation may reach 5%
Inflation may reach 5% in the coming months, MAS Deputy Managing Director Ong Chong Tee said.
Singapore fiscal surplus to register $6.4bln
Strong wage growth and buoyant corporate earnings are expected to bolster the official coffer, DBS said.
Global GDP will contract to 3.3 %
Singapore and other high income countries are expected to slow down global GDP growth in 2011, World Bank said.
Singapore census reveals more Singaporeans single
In the Census of Population released by the Singapore Department of Statistics the proportion of singles among younger age groups had risen.
Government considers raising foreign worker levy
Government will monitor the impact of levy increases and they will study the need to further raise levies, MND Minister Mah said.
Singapore ranks 2nd most free economy in the world in 2010
Singapore scored 87.2 in the 2011 Index of Economic Freedom.
Singapore foreign reserves up 3.8% in December 2010
Foreign reserves increased to US$225.75 billion in December, OCBC said.
Asian currencies likely to retreat against USD
USD-SGD is seen to play a 1.2900-1.3000 range but regional Asian currencies is still expected to continue to retreat warily against USD, OCBC 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.
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