In Focus
Government revised retail sales, food and beverage indices
Government revised retail sales, food and beverage indices
To reflect changes in the structure of retail trade and food & beverage services industries, the coverage and weighting patterns are revised at regular intervals.
7 in 10 employer websites do not offer job search function
68% are not doing well enough in terms of navigation, design, content, and functionality.
Proposed amendments in Deposit Insurance Act raised coverage limit to $50k
The increased coverage will raise the proportion of fully insured depositors from 83 per cent to 91 per cent.
3% of employers are anticipating a decrease of employees in Q2 2011
However, the net employment outlook of 30% is still the most optimistic outlook reported since Q3 2008.
Singapore is halfway through a tightening cycle but nothing's out of control:DBS
Asia's central banks are still behind the curve but DBS is not talking crisis proportions.
Singapore not ready for cross-border financing
The current trade financial schemes are constrained by the relatively under-developed export credit insurance market.
Government to develop Singapore as Global-Asia hub
Singapore-based companies will be given the opportunity to expand into Asia using three strategies proposed by the government.
7 in 10 Singaporeans are optimistic about their own economy
43% of Singaporeans think that good country leadership is a critical factor for growth.
Government to develop City for All Ages for ageing Singaporeans
The City for All Ages project aims to enhance the liveablitiy of the built environment, develop age-friendly solutions and services, as well as enhance the integration of services with the built environment.
Credit card bad debts fell to $13.8mn in January 2011
Billings fell 11.9% month-on-month to $2.8 billion, according to OCBC.
Singaporean women ranked 5th in Index of Financial Literacy
Thailand topped the ranking with an overall financial literacy index of 73.9.
Residential use development charges rates increased by 18.4%
Development charges rates or the period from 1 March 2011 to 31 August 2011 increased by 18.4% and 10.6% for use group B1 and B2 respectively.
Services sector business receipts jumped 5.2% in 4Q 2010
Business receipts improved 9.8% y-o-y in the fourth quarter of last year.
Olam accounting concerns: statement refutes three contentions in CLSA report
Issues raised include export incentives, differences in audited and unaudited accounts and negative EVA.
No need for alarm despite 1.6% month-on-month increase in January 2011 inflation: OCBC
Even though the January CPI print was above the market expectations of 4.4% y-o-y, OCBC states four reasons why Singaporeans should not be alarmed.
Inflation seen to hit 6% in Q1 2011
The possible further monetary tightening by the MAS in April is seen to be favorable, OCBC said.
Petroleum dragged domestic wholesale trade down 1.8% year-on-year in 4Q 2010
But, petroleum led the domestic wholesale trade to increase 7.2% q-o-q in 4Q 2010.