S'poreans must brace themselves for a less peaceful region, period of high inflation: PM Lee
straitstimes.com/singapore/politics/brace-for-a-less-peaceful-region-period-of-high-inflation-pm-lee
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| Last Updated | Aug 08 22 |
| Total Articles | 3 |
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"COVID-19 will not be Singapore’s last crisis. More storms and turbulence lie ahead. But do not fear," says PM Lee in his National Day message to ... Show more
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PM warns Singaporeans to brace themselves for a less peaceful region, period of high inflation
thestar.com.my/aseanplus/aseanplus-news/2022/08/08/pm-warns-singaporeans-to-brace-themselves-for-a-less-peaceful-region-period-of-high-inflation
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S'poreans must brace themselves for a less peaceful region, period of high inflation: PM Lee
straitstimes.com/singapore/politics/brace-for-a-less-peaceful-region-period-of-high-inflation-pm-lee
PM warns Singaporeans to brace themselves for a less peaceful region, period of high inflation
thestar.com.my/aseanplus/aseanplus-news/2022/08/08/pm-warns-singaporeans-to-brace-themselves-for-a-less-peaceful-region-period-of-high-inflation
Private home prices rose at slower pace of 1.4% in first quarter of 2024: SINGAPORE: Private home prices in Singapore rose 1.4 per cent in the first quarter of ...
channelnewsasia.com/singapore/private-home-prices-singapore-2024-first-quarter-slower-4294151
Singapore’s private home price growth slows to 1.4% amid lower sales: In the first quarter of 2024, the total stock of unsold new homes rose to 20,204 units.
straitstimes.com/business/singapore-s-private-home-price-growth-slows-to-14-amid-lower-sales
Inflation, operating costs had the biggest impact on Asian firms last year, survey shows
cnbc.com/2024/04/25/inflation-biggest-hurdle-for-firms-in-southeast-asia-greater-china-uob.html
US to grow at double the rate of G7 peers this year, says IMF: Fund also upgrades inflation forecasts as strong demand and tight labour market delay possible Fed ...
ft.com/content/3b819571-662d-4185-9ca5-c7e682b55700
Quick Glance: IMF upgrades global growth forecast despite risks
- The International Monetary Fund slightly raised its global growth forecast on Tuesday, noting that the economy had proven 'surprisingly resilient' despite inflationary pressures and monetary policy shifts.
- IMF's chief economist, Pierre-Olivier Gourinchas, indicated that the global economy is heading for a 'soft landing,' with risks to the outlook now broadly balanced.
- While advanced economies are expected to lead the growth, dim prospects in China and other major emerging markets could impact global trade partners, according to the report.
- Despite Tuesday's brighter outlook, global growth remains low compared to historical standards, partly due to weak productivity growth and increasing geopolitical fragmentation.
US economy grew less than expected in first quarter at 1.6% rate: Higher than expected price pressures cast doubt on potential for Fed rate cuts
ft.com/content/f9e3ebdd-0977-4b12-84cd-25c7380f91cb
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Quick Glance: Unlikelihood of Fed Rate Cut Before Elections Disrupts Markets
- Investors cast doubt on a Fed rate cut before September.
- Expectations are now fully priced in for a rate cut on November 6-7.
- The shift in market expectations stemmed from inflation and growth data.
- There is now an estimated 75 percent likelihood of a Fed rate cut by September.
‘My goodbye to her was my last’: Friends say teen killed in Tampines accident was bright, friendly
straitstimes.com/singapore/my-goodbye-to-her-was-my-last-friends-say-teen-killed-in-tampines-accident-was-bright-friendly
Quick Glance: Bright, Friendly Teen Killed in Tampines Accident
- Afifah Munirah Muhammad Azril, a bright and friendly student, was known as a 'high-flier' by her friends.
- The 17-year-old Temasek Junior College student met a tragic end in a traffic accident while on her way to a college running event.
- Afifah leaves a gap in the community as she was seen as a rising personality by many.
- Her untimely death has not only left family and friends grieving but the entire community mourning.
Singapore Home Price Growth Slows, Rents Decline as Market Cools: Singapore home prices grew at a slower pace last quarter and rents fell, as the city-state’s ...
trib.al/k52lLc7
She completed her law degree while working as a domestic helper in Singapore: Jayanthi Gamage has called her former employer Manjit Kour, who supported her ...
straitstimes.com/singapore/she-completed-her-law-degree-while-working-as-a-domestic-helper-in-singapore
Malaysia mulls over casino as part of plans to revive Forest City, say sources: KUALA LUMPUR - Malaysia is looking at allowing a casino to operate in the RM450 ...
asiaone.com/malaysia/malaysia-mulls-over-casino-revive-forest-city-say-sources
Driver involved in Tampines fatal crash identified; handed four charges: Muhammad Syafie Ismail, 42, was arrested on April 24 after he was discharged from ...
straitstimes.com/singapore/courts-crime/driver-involved-in-tampines-fatal-crash-identified-handed-four-charges
Chinese Metal Tycoon’s Heir Buys $62 Million Singapore Mansion: The daughter of a Chinese nickel billionaire purchased a multimillion-dollar mansion in Singapore ...
bloomberg.com/news/articles/2024-04-24/chinese-metal-tycoon-s-heir-buys-62-million-singapore-mansion
Paid articlePaid Singapore Inflation Cools in March as MAS Retains 2024 Forecast: Singapore’s core inflation eased in March on lower food prices and cost of services ...
bloomberg.com/news/articles/2024-04-23/singapore-inflations-cools-in-march-as-mas-retains-2024-forecast
Paid articlePaid Singapore gives top-level briefings to reassure foreign banks on stability: City-state keen to bolster its image as a reliable financial centre at a time of ...
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Singapore PM Lee to Step Down on May 15, Replaced by Lawrence Wong: Singapore Prime Minister Lee Hsien Loong, 72, will step down May 15 as part of a long-planned ...
bloomberg.com/news/articles/2024-04-15/singapore-pm-lee-to-hand-reins-to-deputy-wong-next-month
Paid articlePaid 'A significant portion of my income': Diner charged extra $2,000 for $20.90 meal at Collin's restaurant
asiaone.com/singapore/significant-portion-my-income-diner-charged-extra-2000-2090-meal-collins-restaurant
Brazil seeks to weaken fiscal targets it set only a year ago: Leftist administration of Luiz Inácio Lula da Silva wants greater flexibility on budget surplus ...
ft.com/content/14e6a4d4-8be7-46cf-bb51-8445b0e85dc1
Quick Glance: Brazil Moves to Relax Fiscal Targets Set a Year Ago
- The leftist administration of Luiz Inácio Lula da Silva wants more flexibility on budget surplus goals
- Brazilian President Luiz Inácio Lula da Silva’s government is seeking to loosen its own budget targets as investor concerns rise about the risk of fiscal slippage in Latin America’s largest economy
- Ministers intend to balance the budget next year, replacing the previous goal for income to exceed outgoings by 0.5 per cent of gross domestic product
- Analysts warn that the current deficit targets are unrealistic and likely to be tweaked, prompting investors to express concerns about Brazil’s economic approach under Lula
‘Northern Lights’ coming to Supertree Grove in Gardens by the Bay in May: The light installation will run on Saturday, Sundays and Mondays from May 5.
straitstimes.com/singapore/northern-lights-coming-to-supertree-grove-in-gardens-by-the-bay-in-may
UK inflation falls as crumpet and meat prices drop: New official figures show that inflation, the rate at which prices rise over time, fell again in March.
bbc.com/news/business-68833077
Quick Glance: Powell Warns of Lack of Progress on Inflation
- Federal Reserve Chair Jerome Powell emphasized that the U.S. economy, while otherwise strong, has not seen a return of inflation to the central bank's target.
- Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.
- Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.
- Financial markets have had to adjust their expectations for rate cuts this year as inflation has been higher than expected, and the Fed's policy continues to be dependent on data.
'It's worth the price': 10 enquiries received for $2m Toa Payoh flat listing, says agent
asiaone.com/singapore/its-worth-price-10-enquiries-received-2m-toa-payoh-flat-listing-says-agent
The 3.5 Percent Inflation Plateau: Prices have been rising faster than expected for the past three months. What’s going on?
theatlantic.com/ideas/archive/2024/04/inflation-above-fed-target/678174/
US deficit poses ‘significant risks’ to global economy, warns IMF: Fund also cites concerns over fiscal ‘imbalances’ in UK, China and Italy
ft.com/content/0d098011-0ff5-4125-8cbb-5a5b281c9bd0
Quick Glance: IMF Warns of Fiscal Deficits in US and China
- The IMF has warned the US that its massive fiscal deficits have stoked inflation and pose “significant risks” for the global economy.
- Concerns were also raised about Chinese government debt, with the country projected to have a deficit of 7.6 per cent in 2025, more than double the average for other emerging markets.
- In addition to the US and China, the fund named two more countries that “critically need to take policy action to address fundamental imbalances between spending and revenues”.
- The IMF noted that “large and sudden increases” in US borrowing costs typically lead to surges in government bond yields globally and exchange rate turbulence in emerging markets and developing economies.
Critically endangered monkey spotted on Singapore eco bridge, suggesting species could be expanding habitat
channelnewsasia.com/singapore/critically-endangered-raffles-banded-langur-eco-linkbke-spotted-first-time-nparks-desmond-lee-4291126
Cardboard coffins gaining ground among the eco-conscious: Unity Casket, the first parlour here to launch paper coffins, says it gets up to five orders for this a ...
straitstimes.com/singapore/cardboard-coffins-gaining-ground-among-the-eco-conscious
Charmaine Sheh eats at Lau Pa Sat after Star Awards 2024: After charming fans at Star Awards 2024 yesterday (April 21), Hong Kong actress Charmaine Sheh decided ...
asiaone.com/entertainment/charmaine-sheh-eats-lau-pa-sat-after-star-awards-2024
JPMorgan warns of need for ‘reality check’ on phasing out fossil fuels: US bank says higher interest rates, inflation and global conflict have dented outlook for ...
ft.com/content/352b38a7-f298-4b54-adc2-f4cc1b17444b
Quick Glance: JPMorgan warns of Need for 'Reality Check' on Phasing out Fossil Fuels
- JPMorgan warns of setbacks in transitioning to renewable energy due to higher interest rates, inflation, and global conflicts.
- Investment in renewable energy currently offers subpar returns, potentially leading to social unrest.
- JPMorgan forecasts increasing demand for oil and gas until 2030, highlighting challenges in transitioning to renewable energy.
- Wood Mackenzie warns of the impact of higher interest rates on transitioning to a global net-zero economy, especially for renewables and nuclear power.
Singapore loses shine as Southeast Asia base for multinationals: SINGAPORE -- Multinational corporations are increasingly locating some Southeast Asian ...
asia.nikkei.com/Business/Business-trends/Singapore-loses-shine-as-Southeast-Asia-base-for-multinationals
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West is best? How we stack up against Australia: Running a quick stock take on the NZ and Aussie economies, Australia comes out on top.
newsroom.co.nz/2024/04/23/west-is-best-how-we-stack-up-against-australia/
Cordlife Scandal: Fury as Thousands of Stem Cell Samples Destroyed in Singapore: Thousands of parents in Singapore are furious, with some now pursuing legal ...
bloomberg.com/news/articles/2024-04-21/cordlife-scandal-fury-as-thousands-of-stem-cell-samples-destroyed-in-singapore
Singapore Home Sales Rise Most in Four Months on Launches: Singapore home sales rose the most in four months, rebounding from a lull after the launch of a range ...
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About 1 in 4 U.S. adults over 50 say they expect to never retire, an AARP study finds
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Singaporean ‘toy soldier’ Nicholas Tang claims prestigious award at Sandhurst: He was awarded the International Sword for being the best international cadet ...
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US economic growth slows but inflation grows: The world's largest economy grew less than expected but rising inflation may delay a rate cut.
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Cash: Germans' assets at record value - Daily money is also popular: The Germans have more money in their pockets again. The reason for this is higher interest ...
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Quick Glance: Record: Germans Hold 7716 Billion Euros in Wealth
- German private individuals hold a net wealth of 7716 billion euros.
- Stocks and investment funds saw significant gains in the last quarter.
- Cash and bank deposits remain the largest component of wealth.
- Household net wealth increases by 244 billion euros to 5560 billion euros.
SF sales down 28% from 2019. What sectors and areas were hit hardest?: This map and table breaks down trend in S.F. sales tax revenue for the past five years
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Prime Minister Lee Hsien Loong’s 20 years in office: As a boy, he had a ringside seat to Singapore’s most turbulent period in history. He entered politics at 32 ...
straitstimes.com/multimedia/graphics/2024/04/lee-hsien-loong-20-years-in-office/
Tampines fatal accident: Driver to be charged on April 25: The 42-year-old man was arrested on April 24 after being discharged from hospital.
straitstimes.com/singapore/tampines-fatal-accident-driver-to-be-charged-on-april-25
Apple plans to invest more than $250m to expand Singapore campus: SINGAPORE (Reuters) -- Apple plans to invest more than $250 million to expand its ...
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Singapore's Temasek and BlackRock venture closes $1.4bn climate fund: SINGAPORE -- A joint venture between Singapore state investor Temasek Holdings and ...
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The green energy ‘big bets’ Australia needs to go after: Sun Cable cofounder: Sun Cable’s cofounder wants Australia to think bigger about the green energy switch ...
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Indian manufacturer Everest Food Products said its spices were safe for consumption after Singapore authorities asked an importer to recall a product for ...
reut.rs/3w5Mc00
Tampines fatal accident: Man who helped victims said teen’s dad kept calling for her
straitstimes.com/singapore/tampines-fatal-accident-man-who-helped-victims-said-teen-s-dad-kept-calling-for-her
Financial Times: News, analysis and opinion from the Financial Times on the latest in markets, economics and politics
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Eurozone economy grows surprisingly strongly: The Purchasing Managers' Index rose by 1.1 points to 51.4, the highest level in eleven months ...
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Sarah Yasmine exposes romantic texts allegedly between Singaporean actor Aliff Aziz and Malaysian actress Ruhainies
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World's Best Airports 2024: Singapore Changi Loses Crown to Qatar's Doha Hamad
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Bag of Rice Still Selling for Up to N84,000 in Lagos: To verify if a bag of rice indeed sells for N60,000, FIJ took to two food markets in Lagos to ask the ...
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Give diners equipment to wipe down tables to improve cleanliness at food outlets: Researchers
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RBA to ‘increase interest rates three times’: A top forecaster issued a dire interest rate warning, predicting that the Reserve Bank will be forced to hike three ...
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Companies may look to hire overseas as flexi-work becomes the norm in Singapore, employers say
channelnewsasia.com/singapore/flexible-work-arrangements-employers-employees-challenges-fair-hiring-4273911
Fears about stagflation are mounting in the US. It’s every central banker’s worst nightmare
cnn.com/2024/04/25/economy/stagflation-us-economy-gdp/
Quick Glance: Rising Key Fed Inflation Measure in March
- In March, inflation remained strong, with an important indicator closely monitored by the Federal Reserve indicating elevated price pressures.
- The personal consumption expenditures price index excluding food and energy increased 2.8% from a year ago in March, above expectations.
- Both the all-items PCE price gauge and the core index increased by 2.7%, higher than estimates, leading to a positive market reaction.
- Markets reacted mildly to the data, with Wall Street set to open higher, while Treasury yields fell and the probability of rate cuts increased slightly.
Vietnam surpasses India and Thailand and now becomes biggest rice supplier for Singapore
thestar.com.my/aseanplus/aseanplus-news/2024/04/20/vietnam-surpasses-india-and-thailand-and-now-becomes-biggest-rice-supplier-for-singapore
Financial Times: News, analysis and opinion from the Financial Times on the latest in markets, economics and politics
ft.com/
Jay Chou to perform at the Singapore National Stadium in October: The Mandopop star last performed in Singapore in December 2022.
cnalifestyle.channelnewsasia.com/entertainment/jay-chou-singapore-concert-october-2024-389076
All employers must have process for workers to request flexible work arrangements from December
channelnewsasia.com/singapore/flexible-work-arrangement-requests-tripartite-guideslines-employers-employees-4266831
Prime Minister Lee Hsien Loong’s 20 years in office: As a boy, he had a ringside seat to Singapore’s most turbulent period in history. He entered politics at 32 ...
straitstimes.com/multimedia/graphics/2024/04/lee-hsien-loong-20-years-in-office/
Six taken to hospital after multi-vehicle accident on PIE: The multi-car crash followed another multi-vehicle tragedy in Tampines earlier in the day.
straitstimes.com/singapore/six-taken-to-hospital-after-multi-vehicle-accident-on-pie
Hong Kong Bankers Face More Job Cuts on China Slowdown, High Pay: Hong Kong investment bankers could face more job cuts as the slowdown in China deals persists ...
bloomberg.com/news/articles/2024-04-22/hong-kong-bankers-face-more-job-cuts-on-china-slowdown-high-pay
Paid articlePaid Singapore Car Startup Seeks Value Over $1.5 Billion Ahead of IPO: Southeast Asia’s used-car marketplace Carro is raising about $100 million as it gears up for a ...
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Investors raise bets on euro falling to parity with dollar: Eurozone borrowing costs seen as likely to fall first as strength of US economy lowers chance of ...
ft.com/content/700f0282-e939-4441-8093-6e012c39f4bd
Apple investing US$250 million to expand Ang Mo Kio campus: SINGAPORE: Apple has announced plans to pump in over US$250 million (S$340 million) to expand its Ang ...
channelnewsasia.com/singapore/apple-ang-mo-kio-campus-250-million-expand-4274201
Nicoll Highway collapse: 20 years on, colleagues remember 'Hero Heng' who lost his life saving others
channelnewsasia.com/singapore/nicoll-highway-collapse-20-year-annivery-hero-heng-foreman-4279341
Big pension increase in the summer but was that it?: Pensions will rise more sharply in July than previously thought. But the increases could shrink ...
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Early intervention educators in S’pore to get 3% to 16% increase in salaries over the next 3 years
straitstimes.com/singapore/early-intervention-educators-in-s-pore-to-get-3-to-16-increase-in-salaries-over-the-next-3-years
Is Japan finally becoming a ‘normal’ economy? : Prices are rising, workers are demanding higher pay and the stock market is booming. But the country still has to ...
ft.com/content/88174b91-27d6-4936-ba5c-62c831b0a1c7
Quick Glance: Record Audience at NCAA Women's Championship
- South Carolina's victory over Caitlin Clark and Iowa in Sunday's women's NCAA championship game garnered a preliminary average viewership of 18.7 million on ABC and ESPN.
- Nielsen's final numbers on Tuesday may reveal an increase in viewership.
- It marks the most-watched basketball game since 2019, when the men's NCAA title game between Virginia and Texas Tech averaged 19.6 million viewers on CBS.
- The women's final also recorded the highest viewership for a Sunday afternoon sporting event on ESPN and ABC since early 2021.
Malaysia's largest port to double capacity to chase Singapore: KUALA LUMPUR -- Malaysia's largest port, on the major sea route of Malacca Strait ...
asia.nikkei.com/Spotlight/Supply-Chain/Malaysia-s-largest-port-to-double-capacity-to-chase-Singapore
Inflation rate falls to lowest level in three years in Thuringia: Prices for food and non-alcoholic beverages fell by an average of 0.7 percent compared to the ...
thueringer-allgemeine.de/wirtschaft/article242050862/Inflationsrate-sinkt-in-Thueringen-auf-niedrigsten-Stand-seit-drei-Jahren.html
Incoming Singapore PM says incumbent Lee to serve as senior minister in next cabinet - media
reut.rs/4aCglTA
Singapore loses ‘world’s best airport’ title, Melbourne top in Australia: Twelve-time winner Changi has been edged out of top spot, while Melbourne has been ...
theage.com.au/traveller/travel-news/singapore-loses-world-s-best-airport-title-melbourne-top-in-australia-20240418-p5fkxk.html
Motorcyclist dies after accident with lorry on PIE: The 26-year-old man was pronounced dead at the scene by an SCDF paramedic.
straitstimes.com/singapore/motorcyclist-dies-after-accident-with-lorry-on-pie
Australians flattened by biggest tax increase in world: Bracket creep and the end of the low- and middle-income offset delivered the biggest tax hike in the ...
smh.com.au/politics/federal/australians-flattened-by-biggest-tax-increase-in-world-20240425-p5fmgf.html
Singapore’s new ‘Invincible’ sub points to US-China war worries: Singapore has launched its fourth Type 218SG Invincible-class submarine, christened the RSS ...
asiatimes.com/2024/04/singapores-new-invincible-sub-points-to-us-china-war-worries/
Singapore gives workers the right to request more work from home, 4-day weeks: While the new guideline unveiled on Tuesday isn’t enforceable by law ...
scmp.com/news/asia/southeast-asia/article/3259171/singapore-gives-workers-right-request-4-day-weeks-more-work-home-under-new-flexitime-guideline
All employers in Singapore must fairly consider flexi-work requests from Dec 1 under new rules
straitstimes.com/singapore/jobs/all-employers-in-singapore-must-fairly-consider-flexi-work-requests-from-dec-1-under-new-rules
Resurgent inflation looms over Joe Biden’s White House bid: Consumer prices are rising quickly at just the wrong time for the US president
ft.com/content/d8520a33-f202-4679-b6f7-99fe9e4fb3ae
For $125,000 a Month, Singapore Has a Posh Retreat for New Moms: Joey Zhang knows many of her clients are wealthy. So rich, in fact, that their homes are often ...
bloomberg.com/news/articles/2024-04-12/singapore-s-125-000-a-month-retreats-are-latest-luxury-for-new-moms
Mortgage rates top 7 percent for first time in 2024: Mortgage rates topped 7 percent for the first time this year, according to data released Friday by Freddie ...
thehill.com/business/4605828-mortgage-rates-top-first-time/
Quick Glance: Mortgage Rates Surge Above 7% in 2024, Posing Major Dilemma for Homebuyers
- US mortgage rates have surged above 7%, increasing costs for homebuyers.
- The rise in mortgage rates impacts monthly costs, limiting purchasing power.
- Uncertainty surrounding rate trends poses a decision dilemma for potential homebuyers.
- Experts anticipate a moderate easing of mortgage rates later in the year.
More universities using artificial intelligence in class but some students have mixed feelings
straitstimes.com/singapore/more-universities-using-artificial-intelligence-in-class-but-some-students-have-mixed-feelings
Lawrence Wong, Singapore's next PM, seeks growth in 'troubled world': SINGAPORE -- Born and raised in Singapore, Divya Loudon thinks her future may lie ...
asia.nikkei.com/Spotlight/Asia-Insight/Lawrence-Wong-Singapore-s-next-PM-seeks-growth-in-troubled-world
PM Lee to meet Indonesia President Jokowi in Bogor for leaders’ retreat on Apr 29
channelnewsasia.com/singapore/pm-lee-meet-indonesia-president-jokowi-bogor-leaders-retreat-apr-29-4294666
Shein comes under stricter safety curbs as EU toughens laws - News | Khaleej Times
khaleejtimes.com/world/europe/shein-comes-under-stricter-safety-curbs-as-eu-toughens-laws
Researchers have unleashed an army of remote-controlled cyborg cockroaches: Scientists in Singapore have apparently found a way to remotely take control of ...
t3n.de/news/armee-ferngesteuerter-cyborg-kakerlaken-1619793/
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