Economy
Singapore snatches Hong Kong’s crown as world’s freest economy
Singapore snatches Hong Kong’s crown as world’s freest economy
Improvement in its size of government boosted Singapore in the rankings.
Unclear if higher tax revenue growth trend will continue: MOF
The tax revenue growth complies with SG’s economy, the Ministry of Finance said.
MOF to consider ‘age-based only’ in criteria of Majulah Package
Currently, the package only benefits seniors with lower incomes and less wealth.
SSIA reaffirms commitment for global industry collaboration
This will boost the country’s semiconductor supply chains.
Trouble ahead: Expert predicts lower NODX contraction in 2023
In August, NODX fell by 20.1% YoY.
Non-oil domestic exports drop 20.1% YoY in August
Drop in electronics and non-electronic exports drove the overall decline.
SG drops to fourth place in finances in retirement sub-index
The city-state has been at top of the ranking since 2019.
6 in 10 firms plan to increase wages in the next 12 months
There are more large companies that want to increase wages compared to SMEs.
President Tharman vows prudent use of SG’s reserves
Singapore has drawn on its reverse twice.
Central bank says cut-off yield of new 6-month T-bill at 3.73%
Its maturity date is 19 March 2024.
New WMI programme seeks to protect family offices vs financial crime
It will also impose compliance requirements and standards for taxes.
Employment growth moderates in 2Q23
The contraction in residential employment drove the slowdown.
AWAK raises $27.1m Series B funding
This is the year’s most substantial MedTech fundraising event in the region.
Temasek Holdings, 2 SG universities to invest $75m for deep tech ventures
The three organisations inked a deal to speed up the commercialisation of deep tech ventures.
Local artisans initiative reaches over 150 homegrown brands
The third phase targets to expand their reach internationally.
PM Lee Hsien Loong yearns for G20 nations to improve WTO, MDBs
Updating will keep up with the digital transformation and modern economy.
Economists unveil 3 risks to Singapore’s economic growth
Experts expect the economy to grow 1.0% in 2023.
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