Economy

Singapore’s millionaire population to rise to 437,000 by 2025

The global number of millionaires could go over 84 million in the next five years.

Overall inflation rises 2.4% in May

Core inflation increased 0.8% year-on-year.

Pandemic highlighted Singapore’s need for ‘white spaces’

The government will review its broader approach to land-use and city planning.

Singapore dethroned in world competitiveness rankings

Switzerland swipes Singapore's crown in IMD's World Competitiveness Rankings.

SG remains among top 10 most expensive locations in Asia

The Lion City ranks 13th most expensive location for expatriates in the world.

Singapore’s exports expands 8.8% in May

This is the 6th consecutive month of exports growth.

What SG’s ageing population means for the young

The total elderly population is expected to outnumber the young by 2025.

The G7 Tax Deal Should Be a Motivation for Singapore to Leverage Its Real-World Advantages

The Group of Seven (G7)  has recently agreed on a basic framework for overhauling the modern global tax system, in an effort to stop the world’s...

Economists upgrade Singapore 2021 GDP forecast to 6.5%

Private-sector economists polled by the Monetary Authority of Singapore expect higher growth, faster inflation in 2021.

What will happen when Phase 2 (Heightened Alert) ends?

The government will extend remote work, the job support scheme, as restrictions are gradually eased.

Government to assist 40,000 cleaners with training, wage assistance

Cleaners will receive sustained wage increases for a six-year period starting July 2023.

Singapore on the forefront of Southeast Asia’s recovery: report

GDP in the region is expected to rebound to 4.8% in 2021, from a 4.1% contraction last year.

Trade Minister Gan: APEC economies should work together for regional economic recovery

Minister for Trade and Industry Gan Kim Yong represented Singapore at the APEC Ministers Responsible for Trade meeting.

More than 92,000 residents jobless in April

The unemployment rate remained unchanged, according to latest Ministry of Manpower data.