Economy
February 2022 trade grows by 21% YoY
February 2022 trade grows by 21% YoY
Total exports increased to 22.3%, while total imports grew 19.6%.
Gan proposes 3 steps toward ASEAN economic recovery
He made the proposals during the ASEAN Economic Ministers' Retreat.
Which sectors will be most affected if Europe suffers a recession?
About 7.7% of the GDP is exposed to the European Union.
Chart of the Day: No tax policy changes amidst COVID in SG
SG and Myanmar are the only ASEAN countries that didn’t carry such a measure.
Singapore, France ink partnership for smart cities and transport
This will push green and digital technologies.
Number of employed individuals up by 41,400 in 2021
This is a rebound from last year’s contraction of 166,600.
Chart of the day: Nearly 9 in 10 say GST hike will have the greatest impact on them
Almost half are worried, whilst 46% are stressed about the goods and services tax.
GDP forecast to grow by 3.0% in 2023: survey
Meanwhile, the 2022 GDP forecast remains at 4.0%.
SMEs confident in weathering GST hike and global interest rate
DBS announced these findings after the release of the Singapore Budget 2022.
Weathering the ‘perfect long storm’: How countries can address the world’s 5 fragilities
Amongst these challenges include the consequences of the Russia-Ukraine war.
Chart of the Day: Government’s largest source of revenue in 2021
Most of these sources will undergo reform under the 2022 budget.
How does the government plan to achieve a green economy?
The government seeks to develop new low-carbon solutions and decarbonise industries.
Gov’t to collect additional 0.7% of GDP per year with GST rate hike
GST will be increased to 8% in 2023 and 9% in 2024.
MOF to strengthen business ecosystem in 2 areas
These are the corporate government regime and efficiency of processes.
SG still the most liveable location for ex-pats: ECA
Amid lower scores, Singapore remained the top choice for East Asian ex-pats.
Development charge rates for commercial industry, residential raised
Real estate experts say these hikes were within expectation.
Bank, trade sanctions to counter peaceful settlement in Ukraine: Russia
The Russian Embassy posted its reaction to Singapore's sanctions on Facebook.
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