Economy
Budget surplus to exceed $6bln in FY2010
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.
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%.
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