Economy
October’s industrial production performance due to low-base levels and strong global demand
October’s industrial production performance due to low-base levels and strong global demand
According to UOB, this growth was led by the biomedical manufacturing cluster.
Services sector revenue climb 16% YoY in Q3
This was driven by higher business receipts across eight sectors.
GDP growth to slow down to 3-5% in 2022, from 7% in 2021
MTI cited four downside risks that will affect the economy's growth next year.
84% of Singapore-based Indians are investing locally: study
Indians pick property as the most important area to invest in.
MAS’ decision to steepen the S$NEER seen as prescient
This is according to a joint CPI release by MAS and MTI.
SG-Chongqing financial connectivity brings $4.1b in multi-currency deals
Their financial connection has strengthened over the past year despite the pandemic.
Singapore overall inflation hits 3.2% highest since 2013
This was led by higher private road transport and accommodation costs.
Tax measures needed to help businesses adapt: Deloitte
This is in order to attract businesses despite the decline in economic activity.
7 of 10 Singaporeans worried about high cost of living
31% also say that they do not have a financial plan.
76% of founders pick problem-solving as most important trait in doing business
This is based on a survey conducted amongst Gen Z and Millennial entrepreneurs.
SG PM warns of US-China miscalculation over Taiwan
"We should be concerned," Lee said.
The 3Rs that will push SG equities above pre-COVID levels in 2022
These will also narrow SG’s performance gap with other markets in Asia.
Singapore exports up 17.9% in October
Re-exports also echoed this growth with a 17.8% growth.
65% of businesses expect tax compliance to get harder in 5 years
Respondents cited two factors that pose challenges to tax compliance.
55% view tax compliance as an opportunity creator: survey
Respondents cited three opportunities offered by tax compliance.
The hunt begins: 6 in 10 S'poreans to look for a new job within the next year
Millennials lead the charge with 71% looking for a change of employer.
Singapore signs declaration to reverse deforestation by 2030
The declaration is in line with Singapore’s City in Nature vision.
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