Kevin Varley

May 22, 2024 | bloomberg.com | Kevin Varley

Singapore’s core inflation rate was unchanged in April from the prior month, giving the central bank room to wait and watch amid risks to economic growth from geopolitical tensions and diverging global monetary policy paths. Core inflation, which excludes private transport and accommodation and is closely watched by the Monetary Authority of Singapore, came in at 3.1% in April from a year ago, according to a joint statement Thursday from the MAS and the Ministry of Trade and Industry.

Apr 29, 2024 | bloomberg.com | Kevin Varley

The number of foreign workers in Singapore fell for the first time in more than two years, largely driven by a slump in construction jobs as builders complied with rules requiring reduced dependency on non-residents. Decline in non-resident employment was also seen in areas like manufacturing as well as information and communications, according to the ’s labor market advance release for the first quarter of 2024.

Apr 22, 2024 | bnnbloomberg.ca | Kevin Varley

(Bloomberg) -- Singapore’s core inflation eased in March on lower food prices and cost of services, with the disinflationary trend expected to continue barring any supply shocks from geopolitical tensions. Gains in the core measure, which excludes housing and private transportation costs, slowed to 3.1% last month from a year ago, official data showed Tuesday. That was lower than the median 3.5% expected in a Bloomberg survey of economists, and compares with a seven-month high of 3.6% in February.

Apr 22, 2024 | bloomberg.com | Kevin Varley

Singapore’s core inflation eased in March on lower food prices and cost of services, with the disinflationary trend expected to continue barring any supply shocks from geopolitical tensions. Gains in the core measure, which excludes housing and private transportation costs, slowed to 3.1% last month from a year ago, official data showed Tuesday. That was lower than the median 3.5% expected in a Bloomberg survey of economists, and compares with a seven-month high of 3.6% in February.

Apr 15, 2024 | bnnbloomberg.ca | Kevin Varley

(Bloomberg) -- Singapore Prime Minister Lee Hsien Loong, who’s set a May 15 date for passing the baton to his deputy Lawrence Wong, is leaving behind an economy that’s in a better position than he inherited it. While Singapore was already home to an affluent society when Lee took over as the nation’s third premier in 2004, the city-state emerged as one of the world’s preeminent financial hubs under him.