Singapore's core inflation rises to 3.6% in May, highest in more than 13 years

Singapore’s core inflation rises to 3.6% in May, highest in more than 13 years

Singapore’s core inflation has surged to a 13-year high, driven by rising prices of food and utilities. It was 3.6% in May on a year-on-year basis. Including private transport and accommodation costs, headline inflation accelerated to 5.6%. All sectors saw…

Bank of Japan maintains ultra-low interest rates

Bank of Japan maintains ultra-low interest rates

The Bank of Japan increasingly an outlier as one of the world’s last dovish central banks. It has further diverged from its global peers by sticking to rock-bottom interest rates. Central banks from the US, England, Switzerland, Australia, South Korea,…

Most Asian markets continue to slide amid recession fears

Most Asian markets continue to slide amid recession fears

A market sell-off rippled through regional bourses on June 14. The Straits Times Index fell by about 1% to close at 3,109, erasing this year’s gains. Investors were spooked by expectations of the US Federal Reserve raising interest rates by…

Lindsey Piegza on impact of US Fed's rate hike

Lindsey Piegza on impact of US Fed’s rate hike

The US central bank has delivered its biggest interest rate increase in more than two decades in an effort to choke off accelerating inflation. But financial markets have largely taken the increase in their stride. However, concerns over inflation and…

Government exploring need to expedite Budget measures to help firms, workers: Lawrence Wong

Government exploring need to expedite Budget measures to help firms, workers: Lawrence Wong

The Singapore Government is exploring the need to expedite measures announced in the recent Budget, to help firms and workers cope with rising costs. Finance Minister Lawrence Wong said that is because geopolitical tensions could slow down the global economy.…

Unemployment rates fall to near pre-pandemic levels

Unemployment rates fall to near pre-pandemic levels

Recovery in Singapore’s labour market is expected to continue this year, but the Manpower Ministry has said this could be slower because of increased risks in the global economy. The overall unemployment rate dipped from 3 per cent in 2020…

G20 meeting: Now is not the time for geopolitical tensions, says Indonesia's Widodo

G20 meeting: Now is not the time for geopolitical tensions, says Indonesia’s Widodo

Indonesian President Joko Widodo is urging international unity to revive a global economy shaken by the COVID-19 pandemic. He was speaking at a meeting of G20 finance ministers in Jakarta. Mr Widodo has warned that now is not the time…