In Focus
SGD to weaken to $1.35/USD amidst COVID-19 woes: Fitch
SGD to weaken to $1.35/USD amidst COVID-19 woes: Fitch
Fitch Solutions expects the Singapore dollar to trade between $1.35 to $1.38 against the greenback for 2021.
Clothes and Kpop: Singaporean overseas purchases spikes 84% by June 2021
One in two Singaporeans spends an average of $50 to $150 per online transaction.
Industrial production rockets with 27.5% growth
This is the highest industrial growth recorded since November 2010.
June CPI remains elevated at 2.4% YoY
MAS upgraded its 2021 official headline CPI from 0.5%-1.5% YoY to 1%-2% YoY.
Industrial rent grows for the third consecutive quarter by 0.6%
The occupancy rate for the overall industrial property market was at 90.1% as of end-June.
Retail, F&B, services sectors appeal for aid to weather second Phase 2(HA)
These sectors have been greatly affected by the 16-month “roller coaster” of tightening and loosening restrictions.
It’s take two for Phase 2(HA): Here’s what you need to know
Phase 2 (Heightened Alert) starts today, superseding the earlier announced Phase 3 (Heightened Alert) restrictions.
Digitalisation creeping into non-tech roles as Singapore banks accelerate hiring
The sector will continue in a “reform and transform” path, hinging on successful digital banking applicants.
Retail recovery ‘two steps forward, one step back’: Knight Frank
This is due to the recurring outbreaks of infections.
Experts upgrade exports forecasts amidst high June figures
June exports surged to 15.9% year-on-year, nearly doubling May’s figures.
Private home sales slip 2.6% amidst tighter restrictions in June
Developers sold 872 units in June, lower than last month’s 895.
SMEs post sharp recovery in the second quarter
The OCBC SME Index shoots by 8.3 points to 59.5 as small and medium-sized enterprises gain momentum.
Economy soars by 14.3% in second quarter: MTI
Analysts upgraded their full-year GDP forecasts as the economy slowly recovers to pre-pandemic levels.
Condo resale volumes fall 12.6% to 1,510 units in June
Tighter safety management measures continued to restrict the market, analysts say.
SG IPO market slows down, raises $337m in proceeds in H1
There were only three initial public offerings in Singapore in the first six months of 2021.
Shophouse sales breach new high with 118 transactions in H1
Knight Frank expects sales values for the full year to exceed the $1.46b high posted in 2018, with sales volumes to cross the 200 unit mark.
HDB resale prices climb for the 12th straight month in June
HDB prices record a 0.9% uptick in June from May.
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