The Leading Professional and Representative Body for the Real Estate Industry

The Leading Professional and Representative Body for the Real Estate Industry



Daily News – 6 Jan 2023 (Fri)


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.


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.


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).


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).




Big tech layoffs may further disrupt equity and diversity efforts


US trade deficit shrinks sharply as imports tumble


Most US renters say annual bill climbed by more than US$1,000


US job growth to slow or even reverse after near-record year


UK retail mood may get bleaker following Next’s holiday surprise


German exports unexpectedly fall in November


Omicron subvariants driving China’s latest Covid outbreak, says WHO


China property set for modest demand recovery in 2023 on policy support


China weighs cap on property agent commissions to bolster sales


China establishes mortgage rate adjustment mechanism for some home buyers


Japan’s Dec service-sector activity rebounded on tourist boom


Japan’s real wages fall most since 2014 in challenge for BOJ

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