SINGAPORE (June 3): “MAS does not and cannot use the exchange rate to gain an export advantage or achieve a current account surplus.”The Monetary Authority of Singapore, responding to the US’ inclusion of Singapore on a watch list for exchange rate and macroeconomic policies.

Wages up in 2018

A higher number of workers in Singapore was paid more in 2018 than the year before, according to a new report on wage practices released by the Ministry of Manpower. According to MOM, total wage continued to grow, and at a faster pace than in 2017, even after accounting for inflation. This was attributed to an improved economy and labour market during the year.

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