Economy

Singapore business closures hit eight-year high in 2025

Wholesale Trade, Information & Communications, and Retail lead business cessations in 2025.

Singapore raises corporate tax rebate to 50%, expands energy grant

Enhanced tax benefits will be disbursed as early as the end of April.

Oil supply secured, but prolonged high costs loom: Shanmugam

Fuel prices are likely to remain high amidst damaged Middle East infrastructure.

Singapore cannot guard completely against Mideast conflict: DPM Gan

Inflation is now expected to exceed original projections of 1% to 2%.

Singapore VC funding rebounds to $229m in March

Tracxn data shows volatile funding trends over the past year, with January hitting $2.1b.

Energy ffficiency index falls to 49, signalling gains despite higher emissions

Emissions climbed to 616 million tonnes in 2021 from 440 million tonnes in 2000.

Parliament to assess energy costs, supply risks from Middle East conflict

Three ministers will deliver statements on the situation’s impact.

MAS expected to freeze policy as growth risks surge

It is scheduled to hold its second monetary policy meeting no later than 14 April.

Gov’t convenes crisis committee as Middle East conflict hits energy flows

Immediate efforts are focused on strengthening energy and supply chain resilience.

Singapore, FIT allies act to protect supply chains from Hormuz closure

A joint statement pledges to keep ports open and coordinate to mitigate energy risks.

Large firms drive value as SMEs lead hiring

Employment is concentrated in smaller firms as value-added is concentrated in large firms.

Only 1% of firms exceed $100m as enterprises cluster below $1m revenue

Enterprise revenue distribution is heavily skewed towards smaller firms.

Singapore’s SMEs are embracing AI, cybersecurity must keep up.

The real winners are not the fastest adopters, but the organisations that secure their digital foundations first.