Economy
Singapore set to remain fastest-growing private wealth hub in next 5 years
Singapore set to remain fastest-growing private wealth hub in next 5 years
Bloomberg Intelligence said Singapore “retains a unique edge with deep Southeast Asia connectivity."
GDP forecast raised to 1.5–2.5% on easing inflation, lower rates
Q2 2025 GDP growth at 4.4% YoY, with inflation at 0.8% and unemployment at 2.1%.
COTD: More than half of businesses lack succession plans
This is despite family business leaders wanting to keep their businesses in the family.
MAS to unveil next batch of asset managers for equity market scheme
The first three EQDP asset managers were appointed in July.
Singaporeans spared from $129,000 US work visa fee
The US Embassy in Singapore said that “there is no change to the H-1B1 process at this time.”
Singapore launches $5b equities programme to boost market liquidity
Chee said MAS and SGX RegCo have committed to completing listing reviews within six to eight weeks.
COTD: More than 40% entrepreneurs target China for expansion
Similarly, 67% of entrepreneurs from the mainland are interested in expanding to Singapore.
Singapore ranks second as a centre expected to grow in significance
Out of the top 16, only eight are from Asia Pacific.
COTD: SG secures fourth place as leading financial hub globally
It ranked second in the business environment.
SG, Europe ink agreement on digital connectivity and trade
The agreement will not restrict the cross-border transfer and storage of data.
Services producer prices fall in Q2 with sea freight slump
The Warehousing & Storage Price Index was flat on the quarter but increased 3.4% YoY.
Core inflation eases below expectations; banks revise 2025 outlook to 0.5%
Nomura economists expect core inflation to dip as low as 0.1% in September before gradually firming.
Access to global talent needed to grow Singapore’s economy—MOM
The ministry outlined four key enablers to grow the economy.
Gov’t extends 4% CPF floor interest rates until 2026
This is only for Special, Medisave, and Retirement accounts.
Singapore, Egypt to sign deals on health, food, and enterprise
The MoU will cover areas such as non-communicable diseases, hospital information systems, amongst others.
Core and headline inflation eases in August
However, every month headline inflation surged 0.5% in August.
CapitaLand increases community aid programme fund to $3.4m
The group also named 12 grantees of the fund.
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