“This is the lowest unemployment rate since August 2008, just before the start of the Global Financial Crisis and Lehman Brothers collapse, when it was 4 per cent. This is also close to the lowest unemployment rate in the monthly series — February 2008 — and for a rate below 4 we need to look back to the 1970’s when the survey was quarterly,” Bjorn Jarvis, head of labor statistics at the ABS, said.
On the other hand, the manufacturing sector had a more favorable outlook as managers’ opinions on order books improved.
RIYADH: US President Joe Biden has promised to tame rallying oil prices despite a lukewarm response to his efforts to garner support to ramp up output from the biggest oil producing countries, according to Bloomberg.
Another SPAC, Pegasus Asia, backed by European asset manager Tikehau Capital and a holding firm of LVMH’s chairman, among others, raised S$150 million and plans to invest in tech-enabled sectors.
While considered one of Asia’s leading financial and business hubs, Singapore has not captured big IPOs.