Economy
Households earning at least $30k monthly nearly double in five years
Households earning at least $30k monthly nearly double in five years
Investment gains rose from 9.6% to 13.5% of total income.
Singapore ranks 6th globally in average wealth in 2025
Median wealth ranked 20th globally at $125,364.
Analysts split on industrial outlook despite shared 13% IP gain
UOB lifts GDP forecast to 4% whilst RHB flags pharma front-loading risk ahead of US tariff.
Import prices fall 1.6% in May, reversing April gains
Lower oil prices pulled the import index down 1.6% even as non-oil costs continued to climb.
Domestic supply prices fall 1.9% in May
Lower petroleum prices offset continued increases in non-oil goods.
Freight services prices jump 4.5% in Q1 on pricier oil and supply disruptions
Accounting services, cargo, and warehouse storage prices all rose.
Gov't urged to boost ranks of $1b revenue local firms: ESR
Overseas expansion has become harder amidst trade and supply chain risks.
MAS pauses policy tightening amidst 30% risk of Gulf War energy shock
Maybank notes fuel costs and supply shocks have not triggered consumer price spikes.
Transport costs keep inflation elevated despite stable headline rate
May inflation was unchanged at 1.8%.
Core inflation holds at 1.4% in May on weaker services
However, food prices rose to 1.8% from 1.6% in April.
Low employee engagement inflicts a $95b productivity hit
Daily stress affects over half of younger staff amidst higher costs.
Why Singapore SMEs cannot wait for quantum cyber risk to arrive before securing data
SMEs need to treat migration as a staged process rather than a one-time upgrade.
GDP seen hitting 4.6% as AI drives NODX higher: Nomura
The outlook tops official 2–4% estimates.
Singapore accounts for 1% of Asia’s green revenues: LSEG
Asia led the global green economy by revenue, whilst the US remained dominant by market capitalisation.
Economists trim 2026 GDP forecast to 3.5%
Headline inflation is now seen at 2.3%, up from 1.5% in March.
Export split widens as electronics surge 94.8%
AI demand and Middle East energy prices are set to keep Singapore's export gap wide.
Key exports rise 38.4% in May on AI-led electronics demand
Re-exports to Taiwan, Thailand, and Hong Kong increased.
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