S’pore June inflation rises 7.5% on higher food, housing costs

S’pore June inflation rises 7.5% on higher food, housing costs
 
SINGAPORE: Singapore’s consumer inflation stood at a 26-year high in June, rising 7.5 per cent compared with a year ago, according to latest figures from the Department of Statistics.
 
This was due mainly to higher costs of food, housing and transport and communication.
 
Last month’s rate [...]

Singapore’s inflation in June remains at 26 year high

Singapore’s inflation in June remains at 26 year high
 
Singapore’s inflation held at a 26-year high in June as food and housing costs continued to soar.
 
The consumer price index unexpectedly stayed at 7.5 percent compared to the same period last year, the same level as that registered in April and May.
 
Economists polled had predicted that inflation [...]

Citibank says global economy is not facing stagflation

Citibank says global economy is not facing stagflation
 
SINGAPORE: The global economy is not headed for a period of stagflation, according to US financial giant Citibank. The comment came in its latest investment outlook for the second half of this year.
 
Citibank said it favours equities over bonds due to high debt valuations, and it also [...]

Global economy not headed for stagflation: Citi

Global economy not headed for stagflation: Citi
By Rachel Kelly
 
The global economy is not headed for a period of stagflation, according to US financial giant Citibank.
 
In its investment outlook for the second half of this year the lender argued that slower economic growth may in fact help to combat inflation, and therefore reduce the risk [...]

Singapore not facing stagflation: S Iswaran

Singapore not facing stagflation: S Iswaran
 
Senior Minister of State for Trade and Industry S Iswaran says Singapore is not facing stagflation, or the phenomenon of low growth coupled with high inflation.
 
Speaking in Parliament, Mr Iswaran said the economy grew by 4.3 percent in the first half this year.
 
That, he said, is within Singapore’s medium term [...]

Downturn ‘will last longer than tech slump’

Downturn ‘will last longer than tech slump’
 
GIC senior exec says policymakers face uncertainties like inflation and US polls
 
By Grace Ng
 
THE global downturn stemming from the crisis in the financial system will be more prolonged than the slump triggered by the tech bubble bursting some eight years ago.
 
That was the message delivered yesterday by [...]

Outlook bright for Singapore economy? Yes, but…

Outlook bright for Singapore economy? Yes, but… 
Analysts share MM Lee’s upbeat forecast but fear inflation and global slowdown would be spoilers
 
SINGAPORE‘S transformation into an international cosmopolitan city will help keep the economy buzzing in the medium to long term.
But analysts, while generally backing Minister Mentor Lee Kuan Yew’s bullish view of the economy, [...]

Next 5 to 10 years will be most promising for S’pore: MM Lee

Next 5 to 10 years will be most promising for S’pore: MM Lee
We are going to move into a new plateau, a new platform, he says
 
(SINGAPORE) For someone who has openly admitted that he worries constantly about the future of the country he’s helped to build, Minister Mentor Lee Kuan Yew yesterday painted a surprisingly [...]

S’pore ‘very concerned’ as visitor arrival growth slows: STB

S’pore ‘very concerned’ as visitor arrival growth slows: STB
 
SINGAPORE is ‘very concerned’ that the growth in visitor arrivals is slowing and is keeping a close watch on how it may affect the government’s target for travellers to the island-state this year, Singapore Tourism Board (STB) deputy chairman and chief executive Lim Neo Chian said. [...]

MM Lee: Next 5 to 10 years the most promising for S’pore

MM Lee: Next 5 to 10 years the most promising for S’pore 
 
By Bryan Lee, Economics Correspondent 
 
THE Singapore economy may be facing both immediate and long-term challenges but Minister Mentor Lee Kuan Yew thinks the next five to 10 years will be the most promising in the country’s history.
In fact, the economy could [...]