Singapore Property and Real Estate News Portal

MAS expects S’pore inflation to cool to 4% in second half Posted: 29 April 2008 1228 hrs SINGAPORE – The Monetary Authority of Singapore (MAS) has said it expects inflation, now at a 26-year high of 6.7 percent, to cool to an average 4 percent in the second half of this year. Singapore’s central bank [...]

More S’poreans use coupons and opt for house brands to cut spending By Asha Popatlal, Channel NewsAsia | Posted: 25 April 2008 2142 hrs SINGAPORE: With Singapore’s March inflation hitting a 26-year high at 6.7 per cent, many are starting to use a variety of ways to make their dollar stretch further. One customer said: [...]

Australian inflation rate surges to 4.2% Posted: 23 April 2008 1945 hrs SYDNEY : Australia’s annual inflation rate soared to a six-year high of 4.2 percent, quarterly figures released Wednesday showed, outstripping expectations and increasing the chances of an interest rate rise. The Australian Bureau of Statistics said the consumer price index rose 1.3 percent [...]

Singapore’s March inflation rate at 26-year high of 6.7% Posted: 23 April 2008 1331 hrs SINGAPORE: Singapore’s annual inflation was 6.7 percent last month, the highest in 26 years, the Department of Statistics said on Wednesday. It said the consumer price index (CPI) was boosted by higher costs of food, transport, communications and housing. The [...]

ECB board members warn on inflation and interest rates Posted: 22 April 2008 1825 hrs BERLIN : European Central Bank governing council member Yves Mersch is surprised that analysts still expect a cut in eurozone interest rates, according to a newspaper interview released on Tuesday. Meanwhile the head of the French central bank warned that [...]

Further US rate cuts seen in wake of inflation, housing news Posted: 17 April 2008 0821 hrs WASHINGTON – Further Federal Reserve interest rate cuts appear more likely after government reports showed a modest rise in inflation and that the housing market remained mired in a deep slump. Many economists expect the US central bank [...]

Chinese Premier Wen calls for stronger efforts on inflation Posted: 17 April 2008 1709 hrs BEIJING : Chinese Premier Wen Jiabao has called for stronger efforts to rein in soaring food and other prices after the release of data showing inflation at near 12-year highs, state press reported Thursday. Wen said more must be done [...]

HK to be hit by lower exports, inflation, US dollar peg in question By Channel NewsAsia’s Hong Kong Bureau Chief Roland Lim | Posted: 17 April 2008 1915 hrs HONG KONG : Hong Kong’s economic growth is set to slow to 4.5 percent this year, as demand for exports weaken. Complicating growth this year is [...]

Surging energy, food costs stoke US wholesale prices Posted: 15 April 2008 2259 hrs WASHINGTON: Surging energy and food costs stoked US wholesale prices by a much larger-than-expected 1.1 percent in March amid mounting concerns about accelerating inflation, a government report showed on Tuesday. The Labour Department’s monthly Producer Price Index (PPI), which tracks wholesale [...]

High food prices may force ration cut in Philippines Posted: 15 April 2008 1131 hrs MANILA: A UN agency may be forced to cut rations feeding more than a million people in the troubled southern Philippines because of soaring world food prices, it warned on Tuesday. The World Food Programme has just 4,000 tonnes of [...]