Economy
MTI raises Singapore’s 2024 economic growth forecast to around 3.5%
MTI raises Singapore’s 2024 economic growth forecast to around 3.5%
Its initial forecast was 1.0% to 3.0%.
MTI appoints Jermaine Loy as new managing director of EDB
He will take over starting 1 March 2025.
SG narrows 2024 NODX growth forecast to 1.0% on weak H2 recovery
For 2025, Enterprise Singapore projects NODX growth of 1.0% to 3.0%.
Non-oil domestic exports rebound, rising 9.2% YoY in Q3
In Q2, NODX fell 6.5% YoY.
Domestic wholesale sales fall 3.0% YoY in Q3 amidst industry declines
Petroleum & Petroleum Products impacted sales the most.
Foreign wholesale trade slips 2.4% YoY in Q3 as sectors struggle
General Wholesale Trade posted the largest decline.
SG, Zambia sign MoU on carbon credits
The countries will exchange best practices and knowledge on carbon credit mechanisms.
Singaporean investors seen raising US market allocation to 22% after Trump election
Due to interest rate changes and Trump’s economic policies.
Public sector carbon emissions decline in 2023
It slipped by 0.2% from 2022.
Singapore’s financial and legal frameworks attract wealthy families in Asia: report
Whilst preserving wealth remains the top priority for affluent families in the region.
Singapore’s financial and legal frameworks attract wealthy families in Asia: report
Whilst preserving wealth remains the top priority for affluent families in the region.
Non-oil domestic exports likely to gain short-term boost from US tariff risks
In October, NODX fell by 4.6% YoY.
SG, Chile, NZ form joint working group on trade and green economy
The joint working group will provide recommendations to Ministers in 2025.
SG, APEC work on promoting sustainable and inclusive trade
Digital trade, climate change, and clean energy transition are amongst Singapore’s focus areas.
DEPA forms group for Peru membership
It will be chaired by the Republic of Korea.
GIC believes in US economy's long-term potential amidst geopolitical uncertainties: Lee Hsien Loong
The sovereign wealth fund sees opportunities in areas like climate tech and sustainability.
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