Economy
People’s Action Party victory to uphold prudent economic, fiscal policies—Fitch
People’s Action Party victory to uphold prudent economic, fiscal policies—Fitch
The PAP secured 87 seats in the election.
Singapore and the EU sign digital trade agreement
The EUSDTA aims to enhance digital connectivity and trade.
Temasek’s GenZero, Tencent enter MoU on climate solutions
Tencent will offtake one million carbon credits from GenZero's portfolio.
RHB warns retail momentum may fade in second half of 2025
Retail sales in March rose 1.1% YoY, rebounding from a sharp 3.5% decline in February.
The economic cost of inaction on gender parity in Singapore
In Singapore, women make up nearly half the workforce, yet hold only 13% of CEO roles.
Philanthropy Asia Alliance launches new communities for health and climate action
The HHP Community aims to reduce preventable deaths and diseases across SEA.
Asia’s climate finance remains ‘severely’ underfunded
The region faces an annual climate funding gap exceeding $1t (US$800b).
EDB and TTFA launch carbon fund with initial $20m commitment
The DAF seeks to address funding challenges that typically affect early-stage carbon projects.
Singapore boosts trade links with Chile and Peru via PASFTA
Key features include tariff elimination on the majority of goods, streamlined customs procedures, among others.
Nomura lifts 2025 unemployment forecast to 2.4% on slowdown
The bank now expects unemployment to average 2.4% in 2025 (up from 2.0%) and 2.9% in 2026 (up from 2.2%).
Retail sales rise 1.1% YoY in March with broad segment gains
Excluding motor vehicles, retail sales were up 0.7% compared to the 6.5% contraction the previous month.
Investor appetite for gold remains strong in Q1
In contrast, jewellery consumption saw a 20% YoY decrease to 1.7t.
PMI slows in April to 49.6
The decline marks the first contraction after 19 months of expansion.
Trump’s trade reboot clouds APAC outlook, CRE holds for now: report
APAC entered 2025 with economic momentum: Q1 GDP growth came in at 3.9%, matching pre-Trump levels.
RHB expects Singapore inflation to stay muted through 2025
The report forecasts headline inflation at 1.6% and core inflation at 1.1% for the year.
Tripartism remains bedrock of SG’s progress: Manpower minister
From 2019 to 2024, real wages at the 20th percentile grew 5.8%, outpacing median wage growth.
Re-centering of Singapore dollar policy band possible later in 2025, says analyst
Weak inflation and growth could push MAS to shift the currency band lower later this year.
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Commentary
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