Singapore's overall inflation turned positive for the first time in nearly a year, owing to a smaller decline in the cost of services as well as higher car prices and housing rents.. Read more at straitstimes.com.
SINGAPORE - Stronger demand from Singapore s major trading partners for specialised machinery and other items helped keep exports on an upward trend last month, although no one is popping the champagne just yet.
This was largely due to increased shipments of specialised machinery, non-monetary gold and petrochemicals, as well as a rise in demand for electronics such as telecommunications equipment, Enterprise Singapore noted yesterday.
The robust number was also helped by the low base of comparison from January last year.
Nodx increased 7 per cent in January on a month-on-month seasonally adjusted basis after a 4.8 per cent uptick in December, with growth in both electronic and non-electronic exports.
Even as Singapore's economy stays on the recovery track, enthusiasm over a significant growth acceleration is wearing off.. Read more at straitstimes.com.