Alvin Liew News
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Singapore’s retail sales rose in January as a growing jobs market and rising tourist arrivals spurred consumer spending.
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Singapore’s economy may be supported by a “strong” Asia as growth cools in 2011 from a record pace last year, according to Prime Minister Lee Hsien Loong .
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The following are the day's top business stories:
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Singapore’s economy probably returned to growth this quarter as manufacturing rebounded, putting the nation on course to surpass Malaysia’s output with the world’s second-fastest growth rate this year.
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Singapore employers expanded payrolls at the fastest pace in three quarters as companies hired more people to meet demand for year-end celebrations.
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Singapore’s exports rose at a slower pace in December, ending a year in which shipments jumped the most since 2003 as the global economic recovery boosted demand for the island’s goods.
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Malaysia may cut subsidies slowly to prevent triggering record inflation as it prepares to revamp a system that’s hampered efforts to reduce the budget deficit, Standard Chartered Plc and Citigroup Inc. said.
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Malaysia signed a free trade agreement with Chile that will see the two countries progressively reduce or eliminate tariffs on their respective agricultural and industrial products.
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Malaysia’s central bank Governor Zeti Akhtar Aziz said inflation this year will be within the bank’s forecast range and isn’t a concern that needs to be addressed, Market News International reported.
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The following are the day's top business stories:
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