Singapore's manpower ministry said on Friday it expects the country's jobless rate to fall to pre-pandemic levels in the months ahead as the unemployment situation continues to improve, with borders slowly reopening and retrenchments declining. Data showed on Friday that the overall preliminary unemployment rate in December was 2.4% compared with 2.5% in November.
Singapore has signed a free trade agreement with the Pacific Alliance - made up of Colombia, Mexico, Peru and Chile - those governments said on Wednesday, in a deal they said would facilitate trade and closer ties with Asia.
Singapore's central bank tightened its monetary policy settings on Tuesday in its first out-of-cycle move in seven years, as global supply constraints and brisk economic demand elevate inflation pressures across the region.
Singapore is reviewing its official inflation forecasts, authorities said on Monday, after data showed its key price gauge climbed in December by the fastest pace in nearly eight years, driven by a steep increase in air fares.
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