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Kevin Varley
Verified
Reporter, Bloomberg News
Beats
Content
By Kevin Varley| BNN Bloomberg Verified (Bloomberg) -- The number of foreign workers in Singapore fell for the first time in more than two years, largely driven by a slump in construction jobs as builders complied with rules requiring reduced dependency on non-residents. Decline in non-resident employment was also seen in areas like manufacturing as well as information and communications, according to the Ministry of Manpower’s labor market advance release for the first quarter of 2024.
By Kevin Varley| Bloomberg News Verified Singapore’s core inflation rate was unchanged in April from the prior month, giving the central bank room to wait and watch amid risks to economic growth from geopolitical tensions and diverging global monetary policy paths. Core inflation, which excludes private transport and accommodation and is closely watched by the Monetary Authority of Singapore, came in at 3.1% in April from a year ago, according to a joint statement Thursday from the MAS and the Ministry of Trade and Industry.
By Kevin Varley| Bloomberg News Verified Singapore’s core inflation rate was unchanged in April from the prior month, giving the central bank room to wait and watch amid risks to economic growth from geopolitical tensions and diverging global monetary policy paths. Core inflation, which excludes private transport and accommodation and is closely watched by the Monetary Authority of Singapore, came in at 3.1% in April from a year ago, according to a joint statement Thursday from the MAS and the Ministry of Trade and Industry.
Company Info
Bloomberg News
Bloomberg L.P. is a global financial data, software, and media company founded in 1981 by Michael Bloomberg and his partners. Originally named Innovative Market Systems, it rebranded to Bloomberg L.P. in 1986. The company is renowned for the Bloomberg Terminal, a proprietary platform that provides real-time financial data, analytics, and trading tools to over 350,000 subscribers worldwide. Bloomberg operates in three main areas: financial technology, news/media, and data analytics. Its flagship product, the Bloomberg Terminal, offers market data, news, and communication tools for financial professionals. Bloomberg News, with over 120 bureaus globally, covers financial markets, politics, and technology across various platforms, including digital, television, and print. The company also provides specialized data and analytics services, including legal and regulatory information, through its acquisitions. Bloomberg L.P. is privately held, with an estimated revenue of $12.5 billion in 2023, primarily from terminal subscriptions.
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Founded: 1981