Economy
Temasek's Tan Chong Meng named presidential advisory council chairman
Temasek's Tan Chong Meng named presidential advisory council chairman
Piyush Gupta and Gan Seow Kee elevated as Chua Sock Koong returns to council.
ASEAN ends talks on digital economy pact
It covers data flows, payments, e-commerce, and digital trade rules.
Import prices slip 0.3% in April
Export prices rose 3.0% MoM, supported by higher oil and non-oil prices.
Household net worth growth slows to 6.7% in Q1
Liabilities outpaced assets for the second consecutive quarter.
Singapore eyes deeper defence ties with Australia and Qatar
The high-level defence forums anchor parallel diplomatic meetings across multiple regions.
SingStat revamps trade data with wider firm coverage, drops old index
The methodology removes industry weights by summing actual revenue across 12 specific trade categories.
Real wages recover but pay satisfaction lags: Jobstreet
Jobstreet said workers increasingly expect clearer links between pay, performance, progression, and recognition.
Services receipts rise 3.7% in Q1
Information and communications posted the strongest annual growth, whilst education led the quarterly increase.
RHB raises industrial production forecast to 7% after strong April output
The bank said AI-driven electronics demand could lift GDP growth towards the top end of MTI’s forecast range.
Nomura raises GDP forecast to 4.6% on strong Q1 growth
The bank said AI-related demand continues to support electronics and manufacturing momentum.
Personal disposable income rises 5.2% in Q1
Personal saving bounced back by 6.7%, reversing a Q4 contraction.
AI boom shields Singapore 2026 outlook from Middle East, tariff headwinds
Meanwhile, the central bank could shift policy settings later in the year if energy prices keep climbing.
Core inflation cools to 1.4% in April
However, private transport costs jumped 8.1% as car prices surged.
Central banks face calls for heightened oil shock vigilance
MAS chief economist warns energy price spikes feed into wages faster.
NODX outlook lifted to 3%-5% on electronics strength
However, non-electronic exports fell 3.5% in Q1.
MTI holds 2%-4% growth outlook despite Iran war risks
Strong AI chip demand helped push Q1 GDP growth to 6%.
Gulf oil shocks now eclipse tariff fears, says MAS chief economist
The feared global trade collapse “did not bark” in 2025.
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Commentary
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