Economy
Singapore accounted for 3.3% FDI projects in Dubai in 2022
Singapore accounted for 3.3% FDI projects in Dubai in 2022
The top sectors include hotels and tourism which are at 51%.
MAS to retain status quo in October monetary policy: analyst
This is despite the shrink in economic growth.
Singapore’s total merchandise trade down 7.8% in Q1
EnterpriseSingapore foresees that exports will decline 10% to 8%.
Economy slows to 0.4% growth in Q1
The recovery of international visitor arrivals propels growth in accommodation and IT sectors.
GDP to expand 0.5% to 2.5% in 2023: MTI
External demand outlook has weakened as US, Eurozone economies decelerate.
Singapore is most attractive market for doing business: report
The Lion City will have the best business environment over the next five years.
Core inflation was unchanged in April as travel services post higher inflation
The central bank said there was lower inflation for electricity and gas.
SG, Kazakhstan enhance services, talent, and investment cooperation
The agreement will improve Singapore’s market access to Kazakhstan.
Singapore’s ultra-rich population up 6.9% in 2022 despite a global decline
It is seen to grow by 17.7% to around 5,300 from 2022 to 2027.
Singapore, Korea hold dialogues to implement digital partnership
The dialogue was led by Singapore Ministry of Trade and Industry and Korea Ministry of Trade.
Singapore named eighth fastest-growing UHNW market
It had the highest net individual wealth in Asia, at S$4.7m.
NODX decline likely to continue for a few more months
Experts predict that NODX will contract by -5.5% to -9% in 2023.
3 ways SG can benefit from rising interest from Central and Eastern Europe consumers
Singapore is the third most trusted market of consumers in central and eastern Europe.
Non-oil domestic exports drop 9.8% YoY in April
A 20.9% drop in exports to China drove the overall decline.
1 in 3 Singaporeans plan to invest more amidst rising inflation
Inflation is the biggest financial concern of Singaporeans.
Singapore’s AUM grew by $470b mostly due to institutional investors: MAS
The growth makes up around 20% of the increase in total AUM from 2017 to 2021.
MAS expands gold reserves by 45% in Q1
It was the first increase since June 2021.
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