S’pore core inflation near 14-year high of 5.1% in August on more costly food, services

SINGAPORE – Consumer prices in Singapore continued to climb in August and core inflation hit a near 14-year high, on the back of more costly services and food. Core inflation, which excludes costs of private transport and accommodation and reflects the expenses of Singaporean households more accurately, hit 5.1 per cent year on year, up […]

S’pore exports grow 11.4% in August; electronics shrink for first time since Nov 2020

SINGAPORE – Singapore’s key exports rose as a whole in August but electronics shipments contracted for the first time in nearly two years, data from Enterprise Singapore showed on Friday. Non-oil domestic exports (Nodx) grew 11.4 per cent year on year in August, faster than the previous month’s 7 per cent expansion, on the back […]

Crypto traders flee Indian exchanges for Binance to escape taxes

MUMBAI – Binance Holdings’ billionaire chief executive Zhao Changpeng is tightening his grip on India’s market for cryptocurrency trading in the fallout from a major tax change. Downloads of Binance’s app in India jumped to 429,000 in August, the highest this year and almost triple that of runner-up CoinDCX, data from market intelligence firm Sensor […]

Condo resale volume falls for 4th straight month in August, prices continue to rise

SINGAPORE – Condominium resale volume fell for the fourth consecutive month in August, as sales activity typically slows down in the seventh month of the lunar calendar during the Hungry Ghost Festival. However, condo resale prices continue to hold strong, edging up 1.2 per cent for the 25th straight month in August, according to flash […]

China’s inflation slowdown fuels calls for more policy stimulus

BEIJING – China’s consumer and producer inflation slowed in August as sporadic Covid-19 lockdowns suppressed spending and commodity prices fell, giving policymakers enough room to support the troubled economy if needed. The consumer price index (CPI) rose 2.5 per cent from a year earlier, the National Bureau of Statistics said on Friday, down from the 2.7 […]

Asia factory activity slumps on China’s Covid-19 curbs, US slowdown

TOKYO – Asia’s factory activity slumped in August as China’s zero-Covid-19 curbs and cost pressures continued to hurt businesses, surveys showed on Thursday, darkening the outlook for the region’s fragile economic recovery. Manufacturing activity was weak in economies including Japan, China, South Korea and Taiwan, in a sign that sluggish demand was adding to headaches for […]

China factory activity contracts for second month as risks grow

BEIJING (REUTERS) – China’s factory activity extended declines in August as new Covid-19 infections, the worst heatwaves in decades and an embattled property sector weighed on production, a survey showed on Wednesday (Aug 31). The official manufacturing purchasing managers’ Index (PMI) rose to 49.4 in August from 49.0 in July, the National Bureau of Statistics (NBS) […]

Pioneering Multi-chain Game Monsterra Ready for IDO & Mainnet Launch this August

New York, NY, August 12, 2022 – (SEAPRWire) – The Play-to-Earn Game model powered by NFTs will continue to rise and open a new era in the blockchain industry. Earlier this April, Monsterra, an attractive and potential gamefi project, has successfully raised $2M Early IDO led by Hashed, Shima Capital, Huobi Ventures, Icetea Labs, Salad Ventures to get […]