SINGAPORE ECONOMY
Singapore’s resident labour force sees more improvements in 2022, employment up for second year in a row: MOM
Singapore: Singapore’s resident labour force continued to see improvements in 2022, with the employment rate rising for the second consecutive year, the Ministry of Manpower (MOM) said in the advance release of its annual Labour Force in Singapore report on Thursday (Dec 1).
https://www.channelnewsasia.com/singapore/singapores-resident-labour-force-sees-more-improvements-2022-employment-second-year-row-mom-3114301
S-E Asia : Growth opportunities abound
In a world facing a protracted period of weak growth and high inflation, South-east Asia is a rare reason for optimism, with strong fundamentals, accelerating growth and a bright future. The region showcased its potential in November, hosting global leaders for both the Apec meeting in Bangkok and the G20 Summit in Bali. South-east Asia is primed for growth.
https://www.businesstimes.com.sg/opinion-features/s-e-asia-growth-opportunities-abound
The construction sector’s green journey
In recent months, Singapore has witnessed a resurgence in the construction industry, as new projects delayed due to the pandemic have been given the green light to move forward. But as construction activity accelerates, how can industry stakeholders ensure that we are contributing to the building of a more sustainable and liveable Singapore?
https://www.businesstimes.com.sg/opinion-features/construction-sectors-green-journey
Commentary: Think big but start small — how companies, employees can contribute to Singapore’s Green Plan 2030
“How can your company make the SG Green Plan 2030 a success?” This question was posed to me on the first day of a sustainability innovation programme in end-2021 and — I’ll be honest — stumped me.
https://www.todayonline.com/commentary/commentary-think-big-start-small-how-companies-employees-can-contribute-singapores-green-plan-2030-2060746
COMPANIES’ BRIEF
CDL posts S$281 million in sales in Q3 amid low inventory of unsold units
City Developments Limited (CDL) saw sales slow in its third quarter ended Sep 30, as the property player had a low inventory of unsold units with no new launches in the quarter. The group and its joint-venture (JV) associates sold 95 units with a total value of S$281 million in Q3, CDL said in its third-quarter operational results on Wednesday (Nov 30).
https://www.businesstimes.com.sg/companies-markets/cdl-posts-s281-million-sales-q3-amid-low-inventory-unsold-units
Singapore’s Sun Venture buys remaining 30% stake to take full ownership of PSGourmet
Singapore-based investment firm Sun Venture has fully acquired PSGourmet – the parent of restaurant chain PS.Cafe – for an undisclosed sum, following a previous report that it was considering a deal to buy over the remaining shares it did not own in the company.
https://www.businesstimes.com.sg/singapore/smes/singapores-sun-venture-buys-remaining-30-stake-take-full-ownership-psgourmet
GLOBAL ECONOMY & GLOBAL REAL ESTATE
Federal Reserve’s Powell says December rate-hike slowdown possible, inflation war far from over
https://www.businesstimes.com.sg/international/federal-reserves-powell-says-december-rate-hike-slowdown-possible-inflation-war-far
https://www.straitstimes.com/business/economy/us-rate-hikes-could-slow-as-soon-as-december-says-fed-s-powell
https://www.channelnewsasia.com/business/us-interest-rate-hikes-slow-soon-december-fed-chair-jerome-powell-3113566
Does this inflation hurt governments more than consumers?
https://www.businesstimes.com.sg/opinion-features/does-inflation-hurt-governments-more-consumers
US economy rose 2.9% in Q3, more than early report
https://www.businesstimes.com.sg/international/us-economy-rose-29-q3-more-early-report
https://www.channelnewsasia.com/business/us-economy-rose-29-third-quarter-more-early-report-3112626
US goods trade deficit widens sharply in Octobe
https://www.businesstimes.com.sg/international/us-goods-trade-deficit-widens-sharply-october
US rents fall for third straight month in ‘sharper’ pullback
https://www.businesstimes.com.sg/property/us-rents-fall-third-straight-month-sharper-pullback
US pending home sales fall 4.6 per cent in October
https://www.businesstimes.com.sg/property/us-pending-home-sales-fall-46-cent-october
US mortgage rates drop to lowest level in more than two months
https://www.businesstimes.com.sg/property/us-mortgage-rates-drop-lowest-level-more-two-months
The smallest US businesses are laying off the most workers
https://www.businesstimes.com.sg/international/smallest-us-businesses-are-laying-most-workers
NYC becomes one billionaire family’s haven from China property crash
https://www.businesstimes.com.sg/property/nyc-becomes-one-billionaire-familys-haven-china-property-crash
Meta reduces NYC Hudson Yards space in cost-cutting pivot
https://www.businesstimes.com.sg/property/meta-reduces-nyc-hudson-yards-space-cost-cutting-pivot
Houseboats get a fresh look in London’s brutal real estate market
https://www.businesstimes.com.sg/property/houseboats-get-fresh-look-londons-brutal-real-estate-market
Big eurozone inflation drop bolsters hopes for smaller ECB hike
https://www.businesstimes.com.sg/international/big-eurozone-inflation-drop-bolsters-hopes-smaller-ecb-hike
https://www.channelnewsasia.com/business/eurozone-inflation-falls-first-time-17-months-3112911
French inflation holds at record, defying European slowdown
https://www.businesstimes.com.sg/international/french-inflation-holds-record-defying-european-slowdown
Australia’s housing market downturn extends, while decelerating
https://www.businesstimes.com.sg/property/australias-housing-market-downturn-extends-while-decelerating
Australia monthly inflation slows in October, hints at possible peak
https://www.businesstimes.com.sg/international/australia-monthly-inflation-slows-october-hints-possible-peak
China’s factory activity shrinks in Nov amid widespread COVID curbs
https://www.channelnewsasia.com/business/chinas-factory-activity-shrinks-nov-amid-widespread-covid-curbs-caixin-pmi-3114311
China home sales slump persists even as rescue efforts mount
https://www.businesstimes.com.sg/property/china-home-sales-slump-persists-even-rescue-efforts-mount
Slump in Hong Kong’s home prices seen deepening in 2023
https://www.businesstimes.com.sg/property/slump-hong-kongs-home-prices-seen-deepening-2023
Japan’s factory activity shrinks for first time nearly 2 years -PMI
https://www.channelnewsasia.com/business/japans-factory-activity-shrinks-first-time-nearly-2-years-pmi-3114236
South Korea Nov exports fall most in 30 months on slow China demand, semiconductors
https://www.channelnewsasia.com/business/south-korea-nov-exports-fall-most-30-months-slow-china-demand-semiconductors-3114241
South Korea Nov factory activity shrinks for 5th month, but downturn eases slightly – PMI
https://www.channelnewsasia.com/business/south-korea-nov-factory-activity-shrinks-5th-month-downturn-eases-slightly-pmi-3114231