Singapore Economy
Price hikes of essential services unavoidable, but needy households will get help: PM Lee
In times of slow growth and high inflation, the government cannot completely avoid raising the prices of some essential public services even as it strives to keep overall costs low, said Prime Minister Lee Hsien Loong on Wednesday (Nov 22).
https://www.businesstimes.com.sg/singapore/price-hikes-essential-services-unavoidable-needy-households-will-get-help-pm-lee
https://www.straitstimes.com/singapore/ensuring-public-services-are-efficiently-run-helps-keep-costs-down-for-s-pore-households-pm-lee
https://www.todayonline.com/singapore/explainer-how-changes-law-will-enable-president-tharman-hold-international-appointments-his-private-capacity-2310651
Tripartism can work in Singapore because Govt is ‘pro-growth’ and ‘pro-worker’: PM Lee
Singapore – The pro-growth and pro-worker policies of the PAP Government are why tripartism can work in Singapore, Prime Minister Lee Hsien Loong said.
https://www.straitstimes.com/singapore/tripartism-can-work-in-singapore-because-govt-is-pro-growth-and-pro-worker-pm-lee
https://www.channelnewsasia.com/singapore/singapore-tripartism-pm-lee-ntuc-workers-pro-growth-3938311
Parliament passes law allowing President Tharman to accept international appointments in ‘private capacity’
Singapore’s presidents will be able to accept appointments at international organisations in a “private capacity” – allowing them to act and express views independently – under constitutional amendments that were passed in Parliament on Wednesday (Nov 22).
https://www.businesstimes.com.sg/singapore/parliament-passes-law-allowing-president-tharman-accept-international-appointments
https://www.straitstimes.com/singapore/politics/the-gist-constitution-amended-to-allow-president-ministers-international-roles-in-private-capacities
https://www.channelnewsasia.com/singapore/president-ministers-international-appointment-private-capacity-tharman-parliament-constitution-3939586
Global Economy & Real Estate
Higher interest rates shattering housing dreams around the world
https://www.businesstimes.com.sg/international/global/higher-interest-rates-shattering-housing-dreams-around-world
US mortgage rates slide sharply, reinvigorating housing demand
https://www.businesstimes.com.sg/property/us-mortgage-rates-slide-sharply-reinvigorating-housing-demand
US consumer year-ahead inflation expectations increase further
https://www.businesstimes.com.sg/international/us-consumer-year-ahead-inflation-expectations-increase-further
US weekly jobless claims fall; labour market still slowing
https://www.businesstimes.com.sg/international/us-weekly-jobless-claims-fall-labour-market-still-slowing
Australia’s home prices hit record high
https://www.businesstimes.com.sg/property/australias-home-prices-hit-record-high
Canada tax rule curbs Airbnb deductions to ease rental shortage
https://www.businesstimes.com.sg/property/canada-tax-rule-curbs-airbnb-deductions-ease-rental-shortage
China’s economic slump different from Japan in 1980s, with greater growth prospects despite ageing population: Ong Ye Kung
https://www.channelnewsasia.com/asia/optimism-china-economic-future-market-reforms-ageing-population-not-hurdle-ong-ye-kung-3938921
China’s FDI withdrawal wave could ‘slow’ as outlook improves, analysts say
https://www.scmp.com/economy/china-economy/article/3242491/chinas-fdi-withdrawal-wave-could-slow-outlook-improves-analysts-say
Guangdong blueprint seeks to erase digital border with Hong Kong and Macau, expanding ‘one-hour living’ circle
https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3242492/guangdong-blueprint-seeks-erase-digital-border-hong-kong-and-macau-expanding-one-hour-living-circle
ECB warns weak economy heightens stability risks from rate hikes
https://www.businesstimes.com.sg/international/ecb-warns-weak-economy-heightens-stability-risks-rate-hikes
German budget crisis deepens as delay to 2024 budget talks looms
https://www.businesstimes.com.sg/international/german-budget-crisis-deepens-delay-2024-budget-talks-looms
Hong Kong retail rents to see one of the highest increases in Asia over next five years, US asset manager PGIM says
https://www.scmp.com/business/article/3242484/hong-kong-retail-rents-see-one-highest-increases-asia-over-next-five-years-us-asset-manager-pgim
Hong Kong Housing Society will sell more than 400 subsidised flats at 62% of market price, dismisses concerns over property sector downturn
https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3242437/hong-kong-housing-society-will-sell-more-400-subsidised-flats-62-cent-market-price-dismisses
Number of mainland Chinese tour groups arriving in Hong Kong grew every month this year, but most low-cost, indicating visitors unlikely to spend big
https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3242486/number-mainland-chinese-tour-groups-arriving-hong-kong-grew-every-month-year-most-low-cost
Hong Kong mansions, worth US$192 million, linked to China Evergrande founder Hui Ka-yan, seized by creditor
https://www.scmp.com/business/article/3242455/hong-kong-mansions-worth-us192-million-linked-china-evergrande-founder-hui-ka-yan-seized-creditor
UK’s Hunt announces tax cut boost for sluggish economy
https://www.businesstimes.com.sg/international/uks-hunt-announces-tax-cut-boost-sluggish-economy
UK manufacturing orders fall to weakest since Jan 2021: CBI
https://www.businesstimes.com.sg/international/uk-manufacturing-orders-fall-weakest-jan-2021-cbi
Spurned WeWork landlords push back as rent talks heat up
https://www.businesstimes.com.sg/international/global/spurned-wework-landlords-push-back-rent-talks-heat
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