SG maintains currency stance as economic growth slows
The Singapore dollar was little changed at S$1.2487 against its U.S. counterpart as of 7:53 a.m. local time today. The currency has strengthened more than 1 percent this year. (Photo: Munshi Ahmed/Bloomberg) (14 April) Singapore’s central bank maintained its pace of currency appreciation, seeking to support growth while...
Can Singapore become the ‘Monaco of the East’?
Luxury boats and yachts on display during the Singapore Yacht Show at ONE°15 Marina Club, Sentosa Cove on April 10, 2014. Roslan Rahman | AFP | Getty Images (11 April) As the Singapore Yacht Show gets underway this week, experts told CNBC the wealthy island nation was on the cusp of becoming the 'Monaco of the East.' Although...
Singapore’s external trade contracts again in March
(17 April) Singapore's non-oil domestic exports (NODX), a key gauge of the export performance of the small and highly open economy, dropped by 6.6 percent on year in March, trade promotion agency International Enterprise (IE) Singapore said on Thursday. The slump was following a 8.9 percent spike in February after a contraction...
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