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☆ Aldi is buying 400 grocery stores in Florida and the southeast as it continues its rapid US expansion
▼ + stars: | 2023-08-17 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

Aldi is buying 397 supermarkets across Alabama, Florida, Georgia, Louisiana, and Mississippi. Some will stay as Winn-Dixie and Harveys Supermarket stores while others will be converted to Aldis. The German discount retailer said on Wednesday that it was buying all of Winn-Dixie and Harveys Supermarket's locations from parent company Southeastern Grocers for an undisclosed price. Some of the stores will be converted to Aldis, while others will continue to operate as Winn-Dixie and Harveys Supermarket stores, Aldi CEO Jason Hart said in a statement. Aldi said that its purchase of Winn-Dixie and Harveys Supermarket was expected to close in the first half of 2024.

Persons: Jason Hart, Kroger, Fresco Organizations: Aldi, Dixie, Harveys, Service, Southeastern Grocers, Winn, Walmart, CNN, Fresco Retail Locations: Alabama , Florida, Georgia, Louisiana, Mississippi, Winn, Wall, Silicon, Florida, Alabama

☆ Aldi to acquire Winn-Dixie and Harveys Supermarket stores in Southern expansion
▼ + stars: | 2023-08-16 | by ( Stefan Sykes | ) www.cnbc.com time to read: +2 min

Supermarket chain Aldi plans to acquire hundreds of Winn-Dixie and Harveys Supermarket locations across the Southern U.S. in a deal that will expand the fast-growing grocer's presence across the region. Germany-based Aldi said in a news release Wednesday that it will take over operations of all Winn-Dixie and Harveys Supermarket locations — about 400 stores — in Florida, Alabama, Georgia, Louisiana and Mississippi. Some locations will be converted to Aldi stores after the acquisition, while others will continue operating as Winn-Dixie and Harveys Supermarket grocery stores, according to the release. Nationwide, the company plans to add 120 new stores to reach a total of more than 2,400 stores by year-end. The sale of the Winn-Dixie and Harveys Supermarket locations is a part of a larger divestiture by Southeastern Grocers, the chains' parent company.

Persons: Aldi, Jason Hart, Winn, Anthony Hucker Organizations: Dixie, Southern, Winn, Aldi, Harveys Supermarket, Nationwide, Southeastern Grocers, ALDI Locations: Winn, Southern U.S, Germany, Florida , Alabama, Georgia, Louisiana, Mississippi, United States, Florida

☆ Aldi is buying 400 Winn-Dixie and Harveys supermarkets
▼ + stars: | 2023-08-16 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +4 min

New York CNN —Grocery shoppers in the Southeast can expect to see more Aldi stores starting 2024. Some of the nearly 400 Winn-Dixie locations Aldi is acquiring will keep the familiar red-and-white Winn-Dixie branding and traditional store layout, but many will convert to Aldi’s brand and bare-bones store format. The acquisition – which includes Harveys Supermarket – will add locations across Alabama, Florida, Georgia, Louisiana and Mississippi to Aldi’s portfolio. Winn-Dixie and Harveys Supermarket had long been staples in the Southeast region. Aldi has not disclosed how many of the Winn-Dixie and Harveys stores it plans on converting, or how much the deal cost.

Persons: Winn, Jason Hart, Aldi, Dixie, Neil Saunders, ” Saunders, ” Hart, Kroger, it’s, Phil Lempert, Lampert, “ that’s, ” Lempert, “, ” Lampert, Saunders Organizations: New, New York CNN, Aldi, Winn, Dixie, Harveys, Southeastern Grocers, Fresco Retail, Albertsons, Publix, Sunshine State Locations: New York, Alabama , Florida, Georgia, Louisiana, Mississippi, Florida, United States, Southeast, “, Aldi, Winn, Sunshine

SINGAPORE, Aug 15 (Reuters) - Singapore's central bank released a regulatory framework on Tuesday intended to bolster the stability of single-currency stablecoins. The framework will apply to non-bank issuers of single-currency stablecoins pegged to the Singapore Dollar or any G10 currencies where their circulation exceeds S$5 million, said the Monetary Authority of Singapore (MAS). The central bank has to hold legislative consultations before Parliament passes amendments that would bring the framework into force. Single-currency stablecoins are a type of cryptocurrency pegged to a traditional asset like national currencies. The reserve assets must be at least at 100% of the outstanding single-currency stablecoins that are in circulation.

Persons: Xinghui Kok, Simon Cameron, Moore Organizations: Singapore, Monetary Authority of Singapore, MAS, UST, U.S . House Financial Services, Thomson Locations: SINGAPORE, Singapore, U.S

☆ Xuxa era a Barbie do Brasil. Será que foi um erro?
▼ + stars: | 2023-08-15 | by ( Ana Ionova | ) www.nytimes.com time to read: 1 min

Durante seu reinado, que coincidiu com a expansão econômica do Brasil, as taxas de cirurgia plástica dispararam para as mais altas do mundo, com muitas pessoas se submetendo a ela ainda na adolescência. Mas o Brasil e seus guardiões da cultura agora adotam novas definições de beleza, que celebram cabelos cacheados e crespos, corpos curvilíneos e tons de pele negros.

☆ Singapore among world's first to agree stablecoin crypto regulation
▼ + stars: | 2023-08-15 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

Singapore's financial regulator on Tuesday said it had finalized rules for a type of digital currency called stablecoin, putting it among the first jurisdictions globally to do so. Stablecoins are a type of digital currency designed to hold a constant value against a fiat currency. The stablecoin market is valued at around $125 billion, with two tokens — Tether's USDT and Circle's USDC — dominating roughly 90% of the market cap value. The Monetary Authority of Singapore's (MAS) framework spells out some key requirements:Reserves that back stabelcoins must be held in low-risk and highly-liquid assets. These rules will apply to stablecoins that are issued in Singapore and mimic the value of the Singapore dollar, or of any G10 currency, such as the U.S. dollar.

Persons: — Organizations: Monetary Authority, Singapore's, Singapore, U.S . Locations: Singapore

☆ ‘Sigue tu pasión’ podría ser un mal consejo
▼ + stars: | 2023-08-14 | by ( Alina Tugend | ) www.nytimes.com time to read: +1 min

“La gente empieza a considerar el trabajo como simplemente un trabajo y esa es una buena señal”. Antes de la década de 1970, la pasión no era una prioridad para quienes buscaban trabajo, aseveró Cech, autora de The Trouble With Passion: How Searching for Fulfillment at Work Fosters Inequality. Lo importante era tener un sueldo decente, horarios y seguridad laboral y, si había satisfacción, llegaba más tarde, a medida que adquirías más destreza en el trabajo. Eso empezó a cambiar en la década de 1970, con la creciente inestabilidad laboral de los profesionales y un énfasis cultural cada vez mayor en la autoexpresión y la autosatisfacción, un cambio plasmado en el muy popular libro de 1970 ¿De qué color es tu paracaídas? En particular, preocuparte por si el trabajo te va a satisfacer aplica sobre todo al privilegiado mundo de los oficinistas.

☆ Singapore downgrades GDP outlook, avoids recession
▼ + stars: | 2023-08-11 | by ( Chen Lin | ) www.reuters.com time to read: +3 min

Goss domestic product (GDP) expanded a seasonally-adjusted 0.1% quarter-on-quarter in April to June, slower than 0.3% growth seen in the government's advance estimate. Manufacturing will remain weak, dampened by a protracted downturn in electronics, while finance and insurance sectors will likely be subdued, MTI said. The ministry narrowed its GDP growth forecast to 0.5% to 1.5% this year from 0.5% to 2.5% previously. Analysts are expecting no change to monetary policy at MAS's October meeting, despite cooling momentum. MAS left its policy settings unchanged in April, after tightening five times in a row since October 2021, reflecting concerns over the city-state's growth outlook.

Persons: Feline, Goss, MTI, Yong Yik Wei, Brian Tan, Chen Lin, Tom Westbrook, Kanupriya Kapoor, Jacqueline Wong Organizations: Port, REUTERS, MAS, Ministry of Trade and Industry, The Straits Times, Monetary Authority, Singapore's, Barclays, Thomson Locations: Port of Singapore, MTI, SINGAPORE, Singapore, Asia

☆ Presupuesta cuánto gastar cuando sufras mal de amor
▼ + stars: | 2023-08-11 | by ( Lauren Larson | ) www.nytimes.com time to read: 1 min

Presupuesta cuánto gastar cuando sufras mal de amorEs probable que después de terminar una relación gastemos más. Entonces, ¿por qué no hacemos un presupuesto para no sufrir luego co las deudas? Share full articleCredit... Illustration by Kiersten Essenpreis

☆ Intentaron movilizar a Sudamérica para apoyar a Ucrania. Casi mueren en el proceso
▼ + stars: | 2023-07-28 | by ( Gabriela Sá Pessoa | ) www.nytimes.com time to read: 1 min

“Y cuando ya lo tenía en mi mano”, relató Abad, refiriéndose a su vaso, “Victoria bromeó, diciendo: ‘parece whisky’”, dijo. Y en ese momento no hubo sirenas. Hubo algo como una explosión que yo nunca he sentido, nunca en mi vida”. Pero Amelina, una de las escritoras jóvenes más reconocidas de Ucrania, falleció en un hospital cuatro días después. Pero tres semanas después, en Bruselas, en una cumbre de líderes europeos y sus homólogos latinoamericanos, Petro decidió nadar entre dos aguas al momento de discutir la guerra.

☆ Stunning before-and-after photos show how heavy rain and snow replenished California's dried up reservoirs, even bringing a zombie lake back to life
▼ + stars: | 2023-07-28 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +4 min

Photos showed the dramatic transformation at Lake Oroville, the second-largest reservoir. Some lakes, like Tulare Lake in the Central Valley, have also re-emerged after being drained years ago. Photos of Lake Oroville taken in September of 2021 and April of 2023 showed the stark transformation. The Enterprise Bridge at Lake Oroville in Oroville, California on September 05, 2021 (top), and on April 16, 2023 (below). Houseboats parked at a marina at Lake Oroville in Oroville, California, on September 05, 2021 (top) and on April 16, 2023 (below).

Persons: Josh Edelson, It's, David, Jae C Organizations: Service, Los Angeles Times, Getty, Washington Post, Post Locations: Oroville, Tulare, Central, California, Shasta, Lake Oroville, Oroville , California, AFP, Fresno County, Mississippi, Corcoran, Calif

☆ Elon Musk cambia el logotipo de Twitter a una X
▼ + stars: | 2023-07-24 | by ( Noam Scheiber | Ryan Mac | ) www.nytimes.com time to read: +2 min

Ahora enfrenta a un competidor bien financiado en Threads, el servicio similar a Twitter recientemente presentado por Meta, la compañía que es dueña de Facebook. Musk ha tenido una larga afinidad por la letra X. Es el autor de The Escape Artists. Más sobre Noam ScheiberRyan Mac es un reportero de tecnología enfocado en la responsabilidad corporativa en la industria tecnológica mundial. Ganó un premio George Polk en 2020 por su cobertura sobre Facebook y vive en Los Ángeles.

☆ Messi has come to Inter Miami to ‘win and inspire the next generation of soccer players’ in the US, says David Beckham
▼ + stars: | 2023-07-20 | by ( Jill Martin | ) edition.cnn.com time to read: +3 min

CNN —Inter Miami co-owner David Beckham talked to CNN about his latest star signing and revealed that he’s been working to get Lionel Messi on his Major League Soccer (MLS) team since 2019. Messi is presented with an Inter Miami jersey alongside club owners Jorge Mas, Jose R. Mas and David Beckham. You know, surprise, surprise, Leo goes (out) for dinner. Surprise, surprise, Leo does his own grocery shopping. He’s at the stage of his career where he has made a decision to come to the MLS, to come to America, to come to Miami, to come to Inter Miami to win.

Persons: David Beckham, he’s, Lionel Messi, Leo, ” Beckham, Jorge Mas, Ballon d’Or, Messi, Jose R, Mas, Marco Bello, Beckham, it’s, we’re, We’re, –, ”, we’ve, He’s, Cruz Azul Organizations: CNN — Inter Miami, CNN, Major League Soccer, TV, Inter Miami, Reuters, Former Real Madrid, Manchester United, MLS, LIGA MX, Cruz, Leagues Locations: Miami, Florida, America

☆ Fact Check-Mexican weather report did not mention global warming ‘scam’
▼ + stars: | 2023-07-19 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

The subtitles read, in part: “Global warming is a scam designed to usher in a global communist takeover by globalists,” adding that this would be achieved via fear and propaganda. The report only mentioned climate and weather conditions in Mexican cities and the presenter makes no mention of global warming, communism or Bitcoin. A logo on the lower right corner of the clip leads to online news service N Más or N+, part of popular Mexican broadcaster Televisa. An archived video on the N Más site shows reporter Susy Almeida presenting the weather on July 12 (here). Almeida and N Más representatives did not immediately respond to a Reuters request for comment.

Persons: “ globalists, ”, Susy Almeida, Almeida, Read Organizations: Facebook, globalists, Televisa, Televisa Guadalajara, Reuters Locations: Mexican

☆ Messi-merchandise is experiencing an enormous amount of demand: Inter Miami co-owner Jorge Mas
▼ + stars: | 2023-07-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMessi-merchandise is experiencing an enormous amount of demand: Inter Miami co-owner Jorge MasInter Miami co-owner Jorge Mas joins 'Halftime Report' to discuss Lionel Messi joining the club, elevating major league soccer to compete with the premier league, and evolving investments in energy infrastructure.

Persons: Jorge Mas, Lionel Messi Organizations: Messi, Inter Miami, Jorge Mas Inter Miami

☆ Rodolfo Pizarro: As US soccer goes crazy over Lionel Messi’s arrival, one Inter Miami player suffers brutal consequence of superstar’s signing
▼ + stars: | 2023-07-18 | by ( Ben Morse | ) edition.cnn.com time to read: +4 min

CNN —Fans turned out in their droves to watch Lionel Messi’s official unveiling as an Inter Miami player. When Pizarro signed for Inter, he filled one of the club’s three ‘Designated Player’ spots. The rule is also known as the ‘Beckham Rule’ after David Beckham – now Inter’s co-owner – became the first designated player when he joined LA Galaxy in 2007. So, with Messi signing a contract reportedly worth between $50 to $60 million per year, the 35-year-old Argentine fills one of Inter’s designated player spots. Either Inter can look to move one of their designated players on or they can “buy down” a player’s contract.

Persons: CNN —, Lionel Messi’s, Rodolfo Pizarro, Pizarro, Beckham, David Beckham –, –, Messi, Ira L, Matías Almeyda, “, ”, Messi’s, Sergio Busquets, – Messi, Busquets, Josef Martínez, Blaise Matuidi, Andrés Reyes, Leandro González Pirez, Nicolás, Julián Carranza, Jorge Mas, ” Mas, Chris Henderson Organizations: CNN, Inter Miami, Argentine, Inter, Major League Soccer, MLS, LA Galaxy, Messi, Philadelphia Union, AEK Athens, Mexican, Chivas, ” Inter, Soccer, Sporting, “ Inter Miami Locations: Argentine, Mexican, Instagram, Barcelona, America’s

☆ Former Barcelona defender Alba to sign for Inter Miami, says club president
▼ + stars: | 2023-07-18 | by ( ) www.reuters.com time to read: +1 min

July 18 (Reuters) - Former Barcelona defender Jordi Alba will join Lionel Messi at Inter Miami, the Major League Soccer (MLS) club's president Jorge Mas said on Tuesday. Alba, who has won more than 90 caps for Spain, will be part of a strong ex-Barcelona contingent at Inter Miami, with Messi and Sergio Busquets having already joined the club. Miami are also looking to sign another former Barca player, Uruguayan striker Luis Suarez, who plays for Gremio in Brazil. Mas said that talks had taken place but "he is a Gremio player and I respect that". The MLS team's president also confirmed the arrival of Paraguayan midfielder Diego Gomez from Libertad, and said they had made formal contact with Argentine side Racing Club to enquire about Tomas Aviles.

Persons: Jordi Alba, Lionel Messi, Jorge Mas, Alba, Messi, Sergio Busquets, Gerardo Martino, Mas, Luis Suarez, Diego Gomez, Tomas Aviles, Angelica Medina, Toby Davis Organizations: Barcelona, Inter Miami, Major League Soccer, Champions League, Copa del Rey, Tata, TyC Sports, Barca, Uruguayan, Gremio, MLS, Libertad, Argentine, Racing Club, Thomson Locations: Barcelona, Spain, Miami, Brazil, Paraguayan, Mexico

☆ Watch CNBC's full interview with Inter Miami co-owner Jorge Mas
▼ + stars: | 2023-07-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Inter Miami co-owner Jorge MasInter Miami co-owner Jorge Mas joins 'Halftime Report' to discuss Lionel Messi joining the club, elevating major league soccer to compete with the premier league, and evolving investments in energy infrastructure.

Persons: Jorge Mas, Lionel Messi Organizations: Inter Miami, Jorge Mas Inter Miami

☆ Inter Miami owner expects Lionel Messi signing to double revenues and franchise value over the next year
▼ + stars: | 2023-07-18 | by ( Jessica Golden | ) www.cnbc.com time to read: +1 min

watch nowMajor League Soccer's hottest new star is already paying off for Inter Miami. All-time soccer great Lionel Messi's arrival is expected to double the club's revenues over the next 12 months, its managing owner Jorge Mas told CNBC's "Halftime Report." The Argentina national and former Barcelona star joined Inter Miami on Monday. "When we got into the project of Inter Miami, we really did it wanting to be the premier platform for football in the United States," Mas said. Supporters of Argentinian soccer player Leo Messi gather outside the Inter Miami DRV Pnk Stadium, in Fort Lauderdale, Florida, July 11, 2023.

Persons: Lionel Messi's, Jorge Mas, CNBC's, Mas, Forbes, Leo Messi, Marco Bello, David Beckham, Messi's, Messi, Cristiano Ronaldo Organizations: League Soccer's, Inter Miami, Argentina, Barcelona, Miami, MLS, Reuters, Messi, Adidas, Sports, CNBC, Manchester United Locations: United States, Fort Lauderdale , Florida, Barcelona, South Florida

☆ Messi expects 'great things' at Inter Miami after glitzy unveiling
▼ + stars: | 2023-07-17 | by ( ) www.reuters.com time to read: +4 min

Messi, seven months removed from leading Argentina to World Cup glory in Qatar, was presented to fans during a glitzy event called 'The Unveil' at Miami's home stadium. "We are going to have a good time and great things are going to happen. The event was being held a day after Inter Miami announced that Messi signed a contract that will keep him with the club through 2025. Messi had also been linked with a return to Barcelona, the Spanish club he helped claim 10 league titles, four Champions League crowns and three Club World Cups. But in early June Messi announced his decision to join Inter Miami in an interview with Mundo Deportivo and Sport newspaper even though a contract had not yet been signed.

Persons: Lionel Messi, Jorge Mas, Jose R, Mas, David Beckham, Marco Bello, Lionel Messi's, Messi, Ballon, I've, Tom Brady, Stephen Curry, Mexico's Cruz, Leo, Beckham, Paris St Germain, Cristiano, Ronaldo, Al Nassr, Frank Pingue, Peter Rutherford Organizations: Soccer Football, Inter Miami CF, New Inter Miami, Lionel Messi's Inter Miami, Major League Soccer, NFL, NBA, Inter Miami, Leagues, Mexico's, Miami, MLS, Eastern Conference, Paris St, Reuters, Al, PSG, Cristiano Ronaldo, League, Mundo Deportivo, Sport, Thomson Locations: Fort Lauderdale , Florida, United States, Argentina, Qatar, Miami, Mexico's Cruz Azul, Mexico, Canada, Saudi Arabian, Hilal, Saudi Arabia, Portugal, Barcelona, Spanish, Toronto

☆ Lionel Messi signs for MLS club Inter Miami
▼ + stars: | 2023-07-16 | by ( Ben Morse | Jacob Lev | ) edition.cnn.com time to read: +2 min

CNN —Soccer great Lionel Messi signed for Major League Soccer (MLS) club Inter Miami on Saturday, the club announced. I couldn’t be prouder that a player of Leo’s caliber is joining our club, but I am also delighted to welcome a good friend, an amazing person and his beautiful family to join our Inter Miami community. According to multiple reports, Messi’s new deal includes an option for part-ownership of the club and a cut of revenue from new subscribers to Apple TV’s MLS Season Pass streaming service. Fans of Argentine football player Lionel Messi wait for his arrival at the DRV PNK Stadium in Fort Lauderdale, Florida, on July 11, 2023. In December last year, Messi played a vital part in Argentina’s World Cup success in Qatar, becoming the first man to win the tournament’s Golden Ball, awarded to the best player at the World Cup, twice.

Persons: Lionel Messi, Ballon, David Beckham, ” Messi, I’m, Beckham, Leo, Jorge Mas, Chandan Khanna, Messi, Germain Organizations: CNN — Soccer, Major League Soccer, Inter Miami, Argentina, LIGA MX, Leagues, “, LA Galaxy, Real Madrid, Manchester United, our Inter Miami, Inter, El Pais, Apple TV’s, Argentine, Getty, French, Paris Saint, Spanish, Barcelona, La Liga, Champions League Locations: Cruz Azul, Miami, USA, Real, Spanish, Fort Lauderdale , Florida, Qatar

☆ Singapore avoids technical recession as economy grows 0.7% year-on-year in second quarter
▼ + stars: | 2023-07-14 | by ( Jihye Lee | ) www.cnbc.com time to read: +1 min

Singapore's economy avoided a technical recession in the second quarter, growing 0.7% year-on-year and 0.3% quarter-on-quarter, advanced estimates showed. Economists polled by Reuters expected to see growth of 0.3% quarter-on-quarter and 0.6% year-on-year. In the first quarter, Singapore's economy contracted by 0.4% quarter-on-quarter on a seasonally adjusted basis and saw marginal growth of 0.4% year-on-year. The latest data comes after the Monetary Authority of Singapore, the city-state's central bank and financial regulator, warned of an "uncertain" growth outlook earlier this month. In it annual review, MAS estimated the gross domestic product for 2023 to ease to a range of 0.5% to 2.5%, lower than the growth of 3.6% in 2022.

Organizations: Reuters, Monetary Authority of, MAS Locations: Monetary Authority of Singapore

☆ The Art of Translation
▼ + stars: | 2023-07-07 | by ( Sophie Hughes | ) www.nytimes.com time to read: +13 min

The |of Translation The undefined|of Translation The undefined|of Translation The undefined|of Translation See how a translator carries a book from one language to another, line by line. Much like a crossword, a translation isn’t finished until all the answers are present and correct, with each conditioning the others. Below are two attempts to show the thought processes involved in the kind of translation I do. Nobody would say “the truth, the truth, the truth” in English. Without it, the translation is faithful to the meaning of the Spanish clause, but it feels stale, spiritless, not faithful to the voice.

Persons: isn’t, Fernanda Melchor’s, ”, I’m, I’d, Munra, I’ve, Alia Trabucco, sours, Señora Mara, Mara, dio, patted, It’s, “ Joy, there’s Organizations: paz descanse, Google Locations: Mexican, Chilean, alegría

☆ How Singapore has become a leading force in tech innovation
▼ + stars: | 2023-07-07 | by ( Sponsor Post | Created Insider Studios With Edb Singapore | ) www.businessinsider.com time to read: +8 min

Over 13 years ago, AvePoint, a SaaS solutions provider based in New Jersey, recognized the potential of Southeast Asia and found its entry point in Singapore. "While Singapore is a very small country, the country's focus on talent development and productivity results in it leading the forefront of innovation with a strong tech ecosystem for talent and corporate success," he said. In Singapore, ServiceNow was able to access a unique business partnership with Singapore Airlines, the world's most-awarded airline and one of the region's largest customers, developing a system called SQNow, which streamlines and manages IT workflows. "Being successful in Singapore is often a gateway into other markets around Southeast Asia," Nehammer added. Why Singapore's brand continues to thriveSingapore's ascent as a global tech powerhouse is anchored on the pillars of innovation, business networks, and robust tech infrastructure.

Persons: Tianyi Jiang, ServiceNow, it's, Jiang, Nehammer, AvePoint Organizations: ASEAN, Association of Southeast Asian Nations, Singapore government's Smart, Smart, Singapore, Singapore Airlines, NCS, Tech, Monetary Authority of Singapore, MAS, Higher, Insider Studios, Singapore Economic Development Board Locations: Singapore, New Jersey, Southeast Asia, Asia, Rhode

☆ Singapore growth outlook uncertain, fight against inflation still on, says central bank
▼ + stars: | 2023-07-05 | by ( ) www.cnbc.com time to read: +1 min

Singapore's central bank warned on Wednesday that the near-term growth outlook for one of Asia's top financial hubs "remains uncertain with downside risks" even as the effects of its monetary tightening cycle work towards cooling inflation. In an annual review by the Monetary Authority of Singapore, or MAS, chief Ravi Menon on Wednesday said Singapore's near-term growth would remain weak as prospects had dimmed but inflation should reduce by year-end, although he stressed the fight to contain it was not yet over. MAS now forecasts 2023 headline inflation at 4.5% to 5.5%, slower than the 5.5% to 6.5% seen earlier, Menon told a press conference. Core inflation would be significantly lower at 2.5% to 3.0%, he added. The central bank's monetary policy remains "steadfastly focused on medium term price stability", he said.

Persons: Ravi Menon, Singapore's, Menon, Tharman Shanmugaratnam Organizations: Monetary Authority of, MAS Locations: Monetary Authority of Singapore

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