Economy
IVSC board names first Asian and female chair
Lim Hwee Hua previously served as minister of the Singaporean government.
IVSC board names first Asian and female chair
Lim Hwee Hua previously served as minister of the Singaporean government.
Business receipts of service industries up 10.5% YoY in 1Q24
Recreation & Personal Services had the highest growth in revenue amongst industries.
Experts caution on 2Q24 GDP growth after April manufacturing drop
Manufacturing output fell by 1.6% YoY in April.
Inflation stable as lower housing costs offset transport rise
Headline and core inflation came in at 2.7% and 3.1% YoY, respectively.
UOB, RHB keeps growth forecast unchanged following 2.7% GDP expansion in Q1
UOB sees economy growing 2.9% this year, while RHB's estimates at 2.5%.
Chemicals cluster forecasts brighter business prospects
A net weighted balance of 2% of firms projects improved business conditions in 2Q-3Q.
NODX growth could hit the lower end of the 4.0%-6.0% forecast
In 1Q24, NODX declined 3.4% YoY.
Global Cities Index: Singapore ranks best city in Southeast Asia, third in Asia
The city-state was also among the best cities globally for doing business.
MTI maintains 1%-3% GDP 2024 growth forecast despite 1Q expansion
GDP grew 2.7% YoY in 1Q24.
Petroleum sales slump drives 1Q24 domestic wholesale trade decline
Sales of petroleum and petroleum products dropped 21.0% YoY.
NODX decline may persist in 2Q before recovery in 2H, experts warn
RHB expects NODX to decline by around 1.5% YoY.
Slow payments fall to near two-year low in Q1 2024
The construction, manufacturing, and services industries all saw a QoQ decrease in slow payments.
Johor-Singapore SEZ to spur trade, labour and investments: Maybank
The initiative could help ease the shortage of talent.
NODX contraction eases to 9.3% YoY in April
In March, NODX fell 20.8%.
DP Lawrence Wong seen staying on ‘same growth, policy path:’ expert
External risks are the biggest threat to growth.
Singapore-ASEAN trade stands at $295.6b in 2023
The direct investment abroad from Singapore to ASEAN also reached $226.1b.
IRAS to reclaim $60m from '99-to-1' ABSD loophole exploiters
As of April, IRAS has audited 187 cases related to the scheme, uncovering 166 engaged in tax avoidance practices.
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