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2010-03-12 04:10
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Posts Tagged ‘revision’

Inflation forecast to be higher in 2010

(SINGAPORE) Inflation is now expected to be higher in 2010, as a result of increased Housing and Development Board property values.
The government has revised its consumer price index (CPI) inflation forecast to between 2.5 and 3.5 per cent, from a one to 2 per cent range previously.
This is to account for the Inland Revenue Authority of Singapore’s recent revision of annual values of HDB properti… more

Asian stocks rally on US, China news

AFTER two days of red ink and downbeat investor sentiment, the local bourse swung back into positive territory yesterday following gains on other Asian stock markets.
Stocks enjoyed a rally following encouraging auto data out of the United Sates and an upward revision of China’s growth forecast by the World Bank. These two items of news stoked investor hopes of a sustainable economic recovery.
Inv… more

Prices of some generic drugs up

PUBLIC hospitals have raised the prices of some generic drugs – including some which treat chronic conditions like diabetes – by as much as 25 per cent a tablet.

PRICE REVISION MODERATED
‘The drugs at our hospital are heavily subsidised and we have absorbed most of the cost increases so that th… more

No decisive economic recovery

THE Monetary Authority of Singapore believes the local economy is likely to see slow and uneven economic growth instead of a sharp and decisive recovery.

The sober outlook is despite recent data showing a sharp rebound in second-quarter growth and the Government’s upward revision of its growth forecast.

The MAS cited stresses in the global financial system and weakening job markets in the majo… more

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