Singapore Economy
Unclear whether bumper tax collections can continue amid gloomy economic outlook: Chee Hong Tat
Singapore – The record tax revenue of $68.6 billion posted for the 2022 financial year followed Singapore’s strong economic performance as it bounced back from the Covid-19 pandemic.
https://www.straitstimes.com/singapore/politics/unclear-whether-bumper-tax-collections-can-continue-amid-gloomy-economic-outlook-chee-hong-tat
Singapore to ‘fine-tune’ carbon emission management for F1, Mice events
Singapore will “continue to fine-tune” its plans to manage carbon emissions for the Formula 1 (F1) Grand Prix and the meetings, incentives, conferences, and exhibitions (Mice) industry in the coming years, said Second Minister for Trade and Industry Tan See Leng in Parliament on Tuesday (Sep 19).
https://www.businesstimes.com.sg/singapore/singapore-fine-tune-carbon-emission-management-f1-mice-events
VIEWS, REVIEWS, FORUM AND OTHERS
MP Melvin Yong calls for heavier fines, tighter enforcement amid rise in workplace deaths
Singapore – Mr Melvin Yong (Radin Mas) on Tuesday called for heavier fines to be imposed on errant companies when workplace deaths occur. Speaking at the end of the sitting in Parliament, he said penalties for such companies mostly involve composition fines and stop-work orders, which are insufficient.
https://www.straitstimes.com/singapore/politics/mp-melvin-yong-calls-for-heavier-fines-tighter-enforcement-amid-rise-in-workplace-deaths
Two construction workers dead in separate accidents at LTA worksites
Singapore: Two construction workers died in separate workplace accidents at Land Transport Authority (LTA) worksites on Friday (Sep 15) and Saturday.
https://www.channelnewsasia.com/singapore/two-construction-workers-dead-separate-accidents-lta-worksites-3782006
Targeted Comirnaty Covid shot may arrive by end-October, vaccinations still key: MOH
Pfizer’s updated Comirnaty Covid-19 vaccine could arrive in Singapore by end-October, said Senior Minister of State for Health Janil Puthucheary in Parliament on Tuesday (Sep 19), as he warned that Covid-19 remains “a dangerous virus” kept at bay by vaccines.
https://www.businesstimes.com.sg/singapore/targeted-comirnaty-covid-shot-may-arrive-end-october-vaccinations-still-key-moh
Global Economy & Real Estate
OECD warns of global economic slowdown amid rising interest rates
https://www.businesstimes.com.sg/international/global/oecd-warns-global-economic-slowdown-amid-rising-interest-rates
Federal Reserve set to pause rate hikes, but don’t count out another increase
https://www.businesstimes.com.sg/companies-markets/banking-finance/federal-reserve-set-pause-rate-hikes-dont-count-out-another
Yellen says US growth needs to slow due to full employment
https://www.businesstimes.com.sg/international/yellen-says-us-growth-needs-slow-due-full-employment
US single-family housing starts tumble in August
https://www.businesstimes.com.sg/property/us-single-family-housing-starts-tumble-august
Reserve Bank of Australia considered raise in Sept but wants more time to assess past hikes
https://www.businesstimes.com.sg/companies-markets/banking-finance/reserve-bank-australia-considered-raise-sept-wants-more-time
‘Vicious spiral’ drags Australia housing rental market into deepening crisis
https://www.straitstimes.com/business/vicious-spiral-drags-australia-housing-rental-market-into-deepening-crisis
Canadian inflation jumps; October rate hike bets rise
https://www.businesstimes.com.sg/international/canadian-inflation-jumps-october-rate-hike-bets-rise
Hong Kong loses pride of place in economic freedom league table to rival Singapore for first time, after 53 years at top
https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3235116/hong-kong-loses-pride-place-economic-freedom-league-table-rival-singapore-first-time-more-50-years
Hong Kong rental market heats up while Singapore boom cools
https://www.businesstimes.com.sg/international/global/hong-kong-rental-market-heats-while-singapore-boom-cools
https://www.straitstimes.com/business/hong-kong-rental-market-heats-up-while-singapore-boom-cools
https://www.scmp.com/news/asia/southeast-asia/article/3235017/singapores-soaraway-rental-boom-cools-hong-kong-rents-start-heat
Hong Kong illegal structures: luxury-house owner in Redhill Peninsula scandal facing second prosecution for ignored orders on another home
https://www.scmp.com/news/hong-kong/law-and-crime/article/3235119/hong-kong-illegal-structures-luxury-house-owner-redhill-peninsula-scandal-facing-second-prosecution
Hong Kong concern groups say pilot scheme to help those living in substandard flats pay their rent should be continued
https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3234985/hong-kong-concern-groups-say-pilot-scheme-help-those-living-substandard-flats-pay-their-rent-should
Japan’s central bank will keep stimulus for now as risks grow
https://www.businesstimes.com.sg/international/japans-central-bank-will-keep-stimulus-now-risks-grow
Malaysia’s August exports decline 18.6% due to slower global demand
https://www.businesstimes.com.sg/international/asean/malaysias-august-exports-decline-186-due-slower-global-demand
UK inflation expected to tick up, complicating talk of Bank of England pause
https://www.businesstimes.com.sg/international/uk-inflation-expected-tick-complicating-talk-bank-england-pause
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