One international economist, however, cautioned that at present, Singapore’s economy is not a booming one, but one that is “pottering along.”
SINGAPORE: The Singapore dollar recently has not only reached a decade-long high against the US dollar, but is also observing highs against the Indonesian rupiah and the Japanese yen.
However, should there be a drop in the number of tourists to Singapore, this is sure to affect the hotels and restaurants sector, who were the most apt to react negatively to the strength of the Singdollar, a recent survey of 796 local companies carried out by the Singapore Business Federation showed.
Singaporean travelers, however, are taking advantage with more overseas trips, especially to places where their dollars can go further, which include Bali and Bangkok.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian currencies hit 7-month high on ‘Goldilocks’ US scenario, led by ringgit and wonThe ringgit was trading up 0.4 per cent at 3.3457 per Singdollar at 5.16pm.
Read more »
Singapore dollar rises to around 10-year high on policy outlookThe Singdollar hit levels last seen in 2014 against the greenback late on Aug 23.
Read more »
Commentary: Why aren’t the Olympics and Paralympics combined into one Games?A combined Olympic and Paralympic Games would include approximately 15,000 athletes over 50 sporting disciplines, says this professor.
Read more »
Marine Parade shuttle bus service costs about $1m a year to run, funded largely by donationsThe one-year trial received a one-off CDC grant of $200,000.
Read more »
Singapore dollar hits new 2024 high amid tighter monetary policy viewThe Singdollar traded at 1.3163 per US dollar, the highest since Dec 28 and up 3.6 per cent from it’s year’s low of 1.3655.
Read more »
Decade-high Singapore dollar felt by businesses, shoppers and touristsThe Singdollar is close to a record against the Indonesian rupiah as well, and not far off highs against the yen.
Read more »