Economy
Manufacturing leads Singapore’s GDP growth with 11% YoY rise in Q3
Manufacturing leads Singapore’s GDP growth with 11% YoY rise in Q3
GDP is expected to drop in 2025.
Singapore is world’s 9th most attractive city destination in 2024
This marks Singapore’s debut in the top 10.
Resident employment rises 4,000 in Q3
It was driven by strong hiring in outward-oriented sectors.
Singapore ranks first globally in public administration index
The city-state also ranked first in Public Policy and National Delivery domains.
PMI slips 1.6 points in November
November marked the 21st consecutive month of expansion in Singapore's private sector.
Gov’t invites public to share their views for Budget 2025
The budget will be presented in February 2025.
US rate cuts to boost Singapore’s office, logistics, and retail sectors
Lower borrowing costs may boost transactions as buyers and sellers regain confidence.
Singapore export payments drop 27% YoY in 2024: Instarem
Signs of sector recovery and rising sentiment may spur market expansion.
Singapore to align with global growth in 2025, driven by sustainability trends
Singapore led regional growth in 2024, with institutional investment soaring 74% YoY.
Tariff risks to weigh on Singapore’s growth in 2025
However, strong domestic data may prompt the MAS to maintain its current policy stance.
Household income grows faster than spending from 2017/18 to 2023
Income grew 4.1% annually to $15,473, outpacing 2.8% expenditure growth to $5,931.
Business receipts in service industries rise 12.7% YoY in Q3 2024
Information and Communications led business receipts growth.
Manufacturing and export growth bolster Singapore corporates
Corporate debt servicing capabilities are expected to remain resilient, says MAS.
Singapore remains confident in China’s future, seeks deeper collaboration amid challenges: SM Lee
The joint projects between the two countries will boost development and innovation
Economists split on MAS policy for early 2025 as October inflation eases
Headline and core inflation down 1.4%YoY and 2.1%, respectively.
Headline inflation falls to 1.4% as private transport and accommodation costs ease
Private transportation inflation's contraction widened to -2.5%.
UOB raises Singapore’s 2024 growth forecast to 3.5% on trade strength
However, its 2025 forecast was downgraded to 2.5% amidst external risks.
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