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Singapore June inflation seen easing from 14-month high SINGAPORE: Singapore's inflation in June probably eased from a 14-month high in May, a Reuters poll showed on Monday, as the cost of vehicle ownership has declined in recent months.The consumer price index (CPI) in June probably rose 2.4 percent from a year earlier, according to the median forecast in a Reuters survey of 11 economists. In May, CPI rose 2.7 percent, the biggest increase since March 2013.The government auctions permits to control the quota of vehicles which can substantially affect the costs of car ownership in the city-state.The poll also showed that the Monetary Authority of Singapore's (MAS) core inflation measure in June was likely at 2.2 percent from a year earlier, steady from May. In April, core CPI had risen 2.3 percent year-on-year, the highest increase since September 2012.The central bank's core inflation measure excludes changes in the price of cars and accommodation, which are influenced more by ...

Thailand to reclaim top rice exporter spot BANGKOK: Thailand is set to reclaim its status as the world's top rice exporter as weak monsoon rains curb India's crop, helping the Southeast Asian country's new military government offload bulging stockpiles. Fewer Indian exports would allow Bangkok to win better prices for the grain that it has been selling at a huge discount, curbing losses on the stocks built up under a costly state intervention scheme. "It is a good opportunity for Thailand to ...
MH17 crash clouds over G20 trade summit SYDNEY: Trade ministers from the world's leading economies met in Sydney Saturday for the latest round of G20 talks, with the crash of Malaysia Airlines Flight MH17 threatening to overshadow the summit.G20 chair Australia has sought to keep the meeting focused on economic growth, but Thursday's disaster in rebel-held territory in eastern Ukraine put the spotlight on Russia and its possible links to the separatists.Australia's Trade Minister Andrew Robb said he met his Russian counterpart ...
IMF sees Ukraine's economy shrinking faster than feared KIEV: The International Monetary Fund warned Friday that the pro-Russia uprising engulfing Ukraine's vital industrial east had dealt a "notable" blow that would shrink its economy faster than feared.The Fund said in its latest review of Kiev's compliance with terms of a $17.0-billion (12.6-billion-euro) rescue that Ukraine faced new headwinds that were not envisioned when the programme was unveiled in early May.It said this year's growth would probably contract by 6.5 rather the 5.0 percent ...
Canadian inflation ticks up to 2.4pc OTTAWA: Canadian consumer prices rose 2.4 percent in June, inching up from the 2.3 percent annual rate in May, Statistics Canada said Friday.The June uptick in the consumer price index (CPI) was based on across-the-board price increases, and met analyst expectations.Higher prices for housing, food and transportation played the biggest part, with the province of Ontario posting the biggest hit to people's wallets, according to the government agency.Consumers paid more for natural gas and property ...
IMF chief says low inflation can hit European growth PARIS: IMF chief Christine Lagarde warned on Friday that low inflation could damage growth in Europe and urged the European Central Bank to maintain a flexible policy."Obstinately low inflation can seriously undermine growth," said Lagarde, who recently hinted that the 3.6 percent global growth forecast for 2014 may have to be trimmed.Copyright AFP (Agence France-Presse), 2014 ...
Business leaders urge G20 reforms to boost global growth by $3.4trn SYDNEY: Business leaders in Australia Friday called on G20 leading economies to implement recommendations on structural reforms and free trade that could boost global growth by US$3.4 trillion and create millions of jobs.The business chiefs, who are in Sydney for a two-day B20 summit, said their list of 20 recommendations -- if adopted by G20 leaders -- would help them exceed the 2.0 percent additional GDP target over five years that finance ministers agreed to ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
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MonthlyMay
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WeeklyJuly 10, 2014
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