Singapore Economy
DPM Wong to deliver 2024 Budget statement on Feb 16
Deputy Prime Minister and Minister for Finance Lawrence Wong will deliver Singapore’s Budget 2024 statement in Parliament on Feb 16, in his third time delivering the annual speech. The Budget Statement will be broadcast live on television and radio, as well as online at www.singaporebudget.gov.sg. It will be published in full on the website after delivery.
https://www.businesstimes.com.sg/singapore/dpm-wong-deliver-2024-budget-statement-feb-16
https://www.theedgesingapore.com/news/budget-2024/singapore-budget-2024-be-delivered-feb-16-dpm-wong
Prices in S’pore seen moderating but likely to remain above pandemic levels in 2024
Singapore – The official data says inflation is on the way down, but bank officer M. Lee feels the numbers do not reflect her experience. The mother of four has had to increase her children’s allowances over the past year, so they can have enough for school meals and so forth.
Singaporeans battling cost of living squeeze brace for GST hike
Singapore households are bracing for a sales tax hike that takes effect in the new year as the government shores up coffers ahead of an expected surge in social spending in the rapidly ageing city state in the years ahead.
Global Economy & Real Estate
Contracts to buy existing homes stay flat as mortgage payments soften
China’s central bank to step up policy adjustments, drive price rises
Some Chinese state developers leave suppliers in lurch with unpaid bills
China Vanke to sell shares in Banyan Tree units for 480 million yuan
Chinese to skip flying overseas in 2024 even as domestic travel booms
Two key Signa divisions filing for insolvency
https://www.businesstimes.com.sg/property/two-key-signa-divisions-filing-insolvency
Hong Kong home prices fall to lowest since 2017 as rents rise
https://www.businesstimes.com.sg/property/hong-kong-home-prices-fall-lowest-2017-rents-rise
https://www.straitstimes.com/business/hong-kong-home-prices-fall-to-lowest-since-2017-as-rents-rise
Standard rates to be applied to some of Hong Kong’s New Territories farmland to speed up land acquisition and housing development
Hong Kong property agents told to warn homebuyers of the risks of buying off-plan units in mainland China, overseas markets
South Korea inflation in December eases for second month
https://www.channelnewsasia.com/business/south-korea-inflation-december-eases-second-month-4015511
South Korea chip output jumps in sign of returning global demand
South Korea moves to reassure markets as builder seeks to restructure debt
South Korean ‘zombie’ companies surge with rising interest rates
Thailand’s current account turns to deficit; consumption grows
Thailand’s export growth slows; central bank sees limited impact from Red Sea attacks
UK economy set to escape hard landing in boost for Rishi Sunak
https://www.straitstimes.com/business/uk-economy-set-to-escape-hard-landing-in-boost-for-rishi-sunak
Vietnam widens probe into developer’s 30 trillion dong of bond sales
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