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 […]

Logistics, student housing assets a boon for Mapletree amid rising inflation, interest rates

SINGAPORE – Deepening its exposure to resilient asset classes such as the logistics and student accommodation sectors has paid dividends for Mapletree Investments amid rising inflation and interest rates, persistent supply chain disruptions and geopolitical instability. The Temasek-linked property developer and manager’s net profit for the financial year ended March 31 jumped 6.2 per cent […]

Economists cut Singapore’s 2022 growth forecast on inflation, global slowdown woes: MAS poll

SINGAPORE – Private-sector economists shaved their 2022 growth forecast for Singapore, citing the sharper-than-expected surge in inflation and the slowing economies of its trading partners as the key downside risks. The Republic’s economic growth was projected at 3.5 per cent for the full year, according to the quarterly survey of professional forecasters released by the […]

Business activity slumps globally as inflation hits consumers, feeding recession fears

LONDON (REUTERS, BLOOMBERG) – Economic activity weakened from the United States to Europe to Asia, reinforcing concerns that soaring prices and the war in Ukraine will tip the world into a recession. A myriad of purchasing managers’ surveys published on Tuesday (Aug 23) showed business activity contracting globally and pointed to little hope of a turnaround […]