The Week In Numbers: Inflation Edges Up in Singapore

Singapore saw its third straight month of rising consumer prices in February. The consumer price index (CPI), which is used to identify periods of inflation or deflation, rose 0.7% year-on-year.

The increase was mainly due to higher private road transport costs. Core inflation, which doesn’t include accommodation and private transport, came in at 1.2% in February, a decline from January’s 1.5%.

Mapletree Investments, which is a part of Temasek Holdings, one of the Singapore government’s investment arms, has successfully raised around US$535 million worth of equity for a private property trust that’s focused on student accommodation assets in the United States and the United Kingdom.

Mapletree will hold a 35% stake in the trust and is planning to launch Singapore’s first initial public offering of student-housing assets when the portfolio grows to between S$4 billion and S$5 billion. It currently holds about US$1.3 billion in student accommodation assets.

Bill Gates is once again the world’s richest individual for the fourth  straight year, according to Forbes. He is worth an estimated US$86 billion and has been ranked the wealthiest person in the world for 18 out of the past 23 years. Coming in at second place is the Oracle of Omaha, Warren Buffett, with a net worth of US$75.6 billion. Hot on the heels of Buffett is technology entrepreneur Jeff Bezos, who’s worth US$72.8 billion.

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