DAILY NEWS

SINGAPORE ECONOMY

As growth slows but inflation stays high, all eyes on MAS’ next moves
With Singapore’s growth set to slow in 2023 even as inflation remains high, economists are split on whether the Monetary Authority of Singapore (MAS) will press on with further monetary tightening moves to control inflation or begin to loosen its grip so as to not hurt growth.
https://www.businesstimes.com.sg/singapore/growth-slows-inflation-stays-high-all-eyes-mas-next-moves

Look Ahead 2023: Economic uncertainty and inflation lower chances of an early General Election, risk deepening social divides, say analysts
Singapore — With the rising cost of living amid an uncertain global economic outlook hitting middle-income earners, and the recent Goods and Services Tax (GST) hike viewed by some as a contributing factor, analysts say the low likelihood of an early General Election (GE) being called in 2023 has become more remote.
https://www.todayonline.com/singapore/look-ahead-2023-economic-uncertainty-and-inflation-lower-chances-early-general-election-risk-deepening-social-divides-say-analysts-2085521

Singapore retail sales growth slows to 6.2% in November
Singapore’s retail sales rose 6.2 per cent on the year in November, continuing from the previous month’s 10.3 per cent growth, Department of Statistics (Singstat) data showed on Thursday (Jan 5).
https://www.businesstimes.com.sg/singapore/singapore-retail-sales-growth-slows-62-november
https://www.straitstimes.com/business/singapore-retail-sales-up-62-in-november-easing-after-7-months-of-double-digit-growth
https://www.theedgesingapore.com/news/singapore-economy/singapores-retail-sales-62-y-o-y-40-bil-november-2022

Mid-career workers to get better support as Govt reviews lifelong education, but bosses must also help: Chan Chun Sing
Singapore — In a bid to give mid-career professionals a “boost to remain relevant and competitive”, the Ministry of Education (MOE) will review how it funds and supports lifelong education, Education Minister Chan Chun Sing said on Thursday (Jan 5).
https://www.todayonline.com/singapore/chan-chun-sing-lifelong-education-2085346

GLOBAL ECONOMY & GLOBAL REAL ESTATE

Big tech layoffs may further disrupt equity and diversity efforts
https://www.channelnewsasia.com/business/big-tech-layoffs-may-further-disrupt-equity-and-diversity-efforts-3186401
https://www.theedgesingapore.com/digitaledge/digital-economy/tech-could-get-worse-it-gets-better-2023