Economy

SM Lee warns of energy price hikes as Gulf conflict strikes

The economy is vulnerable as tension breaks out between the US, Israel, and Iran.

Export prices sink 6.2% as oil plunges 18.2% in January

Despite a 17% fall in imported oil, Singapore export prices dropped 0.6% month-on-month.

Singapore expands rent subsidies for SMEs

FM Wong tackles SME squeeze with new rent subsidies for 99% of Singapore firms.

MAS forecasters lift 2026 growth to 3.6%

MAS March survey shows GDP forecast jumps to 3.6% after 6.9% Q4 2025 growth.

All GST-registered firms face mandatory InvoiceNow shift by 2031

Funding of up to $5,000 will be provided to support the transition.

Singapore ranks 3rd-most resilient location for business and investment

2026 FM Resilience Index shows top economies recover 30% faster from property losses.

Services trade tops $1t in 2024

Exports rise 13.2% to $533.7b.

Singapore corporate FDI stock topped $3.13t in 2024

Foreign investment rose 9.5% in 2024, marking steady five-year growth.

Top 1% of households hold 14% of nation’s wealth, Minister Siow says

The level is comparable to advanced economies with similar wealth Gini coefficients.

Singaporean savings slump 5.1% as consumption outpaces pay

Households hit a 36.4% personal saving rate despite the overall quarterly contraction.

OKP Holdings profit surges 33% in 2025 on record $223.5m revenue

Despite a 43.7% fall in rental income, the infrastructure specialist posted $43.6m net profit.

Hyphens Pharma profit dives 44% in 2025 despite record 40.7% gross margins

Net profit fell to $6.1m in 2025 as higher costs and inventory write-offs offset proprietary brand growth.