Economy

Singapore’s economic upswing unlikely to last: experts

In 2023, experts predict a GDP growth of 0.7% for Singapore.

Non-oil domestic exports rise 1.0% YoY in November

Enterprise Singapore attributed the increase to a low base a year ago.

Diving deep into APAC’s leading wealth hub: Singapore

Ultra rich families are driving the luxury residential market.

Retrenchments rise to 4,110 in 3Q23

The Ministry of Manpower attributed the majority of the increase to the Wholesale Trade sector. 

ADB lowers 2023 inflation forecast for Singapore to 4.9%

From January to September, Singapore’s inflation rate rose by 5.1% on average.

Economists cut 2024 growth forecast for Singapore

They expect GDP to expand by 2.3% in 2024, down from the previous estimate of 2.5%. 

Singapore ranks 11th in Top 100 City Destinations for 2023

It is the top city destination in Southeast Asia.

Singapore, Papua New Guinea ink deal for carbon credits collaboration

The deal comes following the memorandum of understanding signed at the COP27. 

SG, China strengthens free-trade agreement

China vowed not to impose foreign equity limits for Singapore investors in 22 sectors.

SG, China boost economic ties

The bilateral cooperation will promote new economic projects.

Geopolitics, consumer behaviours drive high CFO turnover

Companies are facing increased CFO turnover due to market dynamics and shifting consumer trends, with Asia Pacific presenting a unique landscape.

Singapore could mobilise $57.5b retail capital inflows for climate change initiatives

Around 9 in 10 investors want to contribute to climate investing.

SG tech unit sales dip by 3% in 1H 2023 amidst economic pressures

Market analysis reveals a challenging environment for premium tech products due to inflation and consumer spending constraints.

Singapore retains its title as the world’s most expensive city

The city is particularly expensive for transport and clothing.

Real income, employment rate for residents dip in 2023: MOM

Median workers saw their real income drop by 2.3% YoY this year.