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SINGAPORE (The Straits Times/ANN): Core inflation in Singapore slowed sharply in January to a four-year low on the back of a steeper fall in the prices of goods, lower services inflation as well as a rebasing of the consumer price index (CPI), according to official data released on Monday (Feb 24).
SINGAPORE: Singapore’s budget provides a “fairly large fiscal boost” to the economy to counter the impact of the coronavirus, with the government still expecting positive growth for the year, Deputy Prime Minister Heng Swee Keat said.
SINGAPORE’s currency may tumble to the lowest level since 2017 if the central bank responds as strongly to the spread of the coronavirus as it did to the SARS epidemic two decades ago.
SINGAPORE: Singapore on Monday cut its 2020 growth and exports forecasts due to an expected economic blow from the new coronavirus outbreak, flagging the chance of a recession this year.
SINGAPORE (The Straits Times/ANN): The Ministry of Trade and Industry (MTI) on Monday (Feb 17) downgraded its economic growth forecast to between -0.5 and 1.5 per cent - indicating a possible recession - due to a weakened outlook after the outbreak of the coronavirus.
SINGAPORE: Singapore said it’s learning more about the nature of the Covid-19 (coronavirus) over the past week and it’s "clearly emerging” to be different from SARS. It announced that the coronavirus is actually closer to the H1N1 virus because it spreads more easily than severe acute respiratory syndrome or SARS.
SINGAPORE: Singapore’s coronavirus outbreak has spread to its financial centre, with some employees at major companies being told to work from home for at least the next few days and temperature screening checkpoints set up at the front doors of several towers.
SINGAPORE: Singapore’s coronavirus outbreak has spread to its financial centre, with some staff at major companies being told to work from home for at least the next few days and temperature screening checkpoints set up at the front doors of several towers.
SINGAPORE (Reuters) - Singapore's central bank on Sunday said it had advised financial institutions in the city-state to take additional measures and precautions after the government raised its coronavirus alert level.
The dollar surged by 1.14% to 98.496 largely underpinned by stronger economic data, signalling that the US economy remains resilient despite concerns over slower global growth.