SINGAPORE – The nascent economic recovery that started in the later half of 2020 has improved the financial health of most Singapore residents, but some segments of the population are […]
Powell says US economy still needs Fed support, pushes back on inflation worries
WASHINGTON (REUTERS) – Federal Reserve chairman Jerome Powell, pushing back on suggestions that loose monetary policy risked unleashing inflation and financial risks in what may be an emerging economic boom, […]
Singapore consumer prices rise for 1st time in nearly a year
SINGAPORE – Singapore’s overall inflation turned positive for the first time in nearly a year owing to a smaller decline in the costs of services, as well as higher car prices […]
Manufacturing, finance, infocomm sectors bright spots in 2020
The manufacturing, finance and insurance, and information and communications industries were the few bright spots in Singapore’s economy last year, posting rare growth while most sectors declined amid the coronavirus […]
Manufacturing, finance and infocomm industries bright spots in Singapore economy in 2020
SINGAPORE – The manufacturing, finance and insurance, and information and communications industries were the few bright spots in Singapore’s economy in 2020, posting rare growth while most sectors declined amid […]
Employers not considering pay adjustments despite remote working trend: Survey
SINGAPORE – While working from home has become the new norm amid the pandemic, most employers said they were not considering adjusting pay based on an employee’s location, according to […]
UPDATE 1-BOJ debated merits of bigger yield moves ahead of March review
* Allowing 10-yr yield to move more will help financial system * Bigger long-term rate moves won’t hurt economy – Jan mtg summary * Comments show BOJ warming to idea […]
Economists grow more upbeat about US economy, survey says
NEW YORK (BLOOMBERG) – Business economists are growing more upbeat about the US economy’s prospects this year, while a greater share anticipate stronger sales and more hiring over the next […]
US Q1 budget deficit surges to record US$573 billion amid pandemic
WASHINGTON (AFP) – As spending remained high amid the coronavirus pandemic, the US budget deficit surged by 61 per cent in the first three months of the 2021 fiscal year, […]
Temasek fund backs India start-up bringing AI technology to farms
BANGALORE (BLOOMBERG) – CropIn, an artificial intelligence (AI) and data-based agritech start-up, has raised US$20 million (S$26.4 million) in a funding round led by Temasek-backed ABC World Asia, as the […]