Singapore seen weathering inflation jumpSINGAPORE’S shipping sector is expected to weather its inflation spike, a shipbroking 票貼leader told Fairplay today. Singapore had its biggest inflation rise in 22 months in November, when prices rose 3.8% from a year 21世紀房屋仲介ago. Further, some economists are predicting an inflation peak of 4.7% this month, because of higher fuel and vehicle prices. 土地買賣However, Subhangshu Dutt, chairman of the Institute of Chartered Shipbrokers (Singapore), told Fairplay that the city-state’s port 系統傢俱authority decision to extend concessionary port charges until March should provide relief. He added: “Container lines have also 酒店經紀locked in contracts with PSA [Singapore’s main port operator] on handling charges for one to three years. Here too, the exposure is 新成屋hedged.” But Dutt still warned about medium to long-term effects in the form of higher wages and maintenance costs. “The weakening 室內設計of the US dollar to the Singapore dollar could affect shipping companies, as most ship operators have dollar-based earnings but 酒店打工their costs are incurred in the local currency,” he explained. SINGAPORE’S shipping sector is expected to weather its inflation 機車借款spike, a shipbroking leader told Fairplay today.


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