Economy
Manufacturing output drops 1.6% YoY in June
Manufacturing output drops 1.6% YoY in June
Excluding the biomedical manufacturing segment, output would’ve increased by 1.7% YoY.
Economist lowers Q2 2024 GDP growth forecast to 2.6% YoY
The forecast is lower than the government’s advance estimate of a 2.9% YoY growth.
Core inflation at 2.9% in June as prices retail, travel prices ease
Private transportation prices declined by 0.7% during the month.
MAS posts $3.8b net profit in FY23/24
It made investment gains of $12.7b.
Singapore's wealth management sector to sustain growth, says MAS director
This is despite the recent money laundering case.
Opportunities emerge for SMEs in Johor-Singapore SEZ: Maybank
The SEZ is expedcted to boost exchange of trade, labour and investments.
Analysts see H2 rebound for non-oil domestic exports
Sector to benefit from a more favourable global backdrop.
3 key areas public agencies need to prioritise
This includes the need for enhanced procurement and contract management.
Non-oil domestic exports fall 8.7% YoY in June
The decline in non-electronic NODX contributed largely to the drop.
Singapore GDP up 2.7% in Q1 2024
It was driven by the strong performance in the services and construction sectors.
MAS seen loosening policy in October as disinflation stalls: UOB
Core inflation will start easing drastically in Q1 2025.
High uncertainty fuels a divided inflation outlook among Singaporeans
Singaporeans' one-year-ahead inflation expectations have dipped to 4.2% in June 2024.
Tight financial conditions to weigh on GDP growth this year: UOB
Rate cuts could stimulate investment and boost consumption overseas.
Economists forecast upward revision in GDP estimates
Nomura expects MTI to raise its full-year forecast to 2%-3% from 1%-3%.
Gov't designates NTUC as 'politically significant person' under foreign interference law
NTUC must now disclose foreign affiliations and political donations.
Singapore economy up 2.9% YoY in Q2 2024
This is slightly below the 3.0% growth in the previous quarter.
9 in 10 Singaporean firms eye opportunities in Johor-Singapore SEZ: report
A joint investment promotion agency could boost engagement and help maximise opportunities.
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