Economy
Why high capital levels are a double-edged sword for Singapore banks
Why high capital levels are a double-edged sword for Singapore banks
The banking sector in Singapore has shown signs of expansion, with loan growth rising to approximately 5% in 2024.
Over 570,000 S’poreans to receive first Earn and Save Bonus in March
The Earn and Save Bonus will be automatically credited to citizens’ CPF accounts.
Singapore retains 4th place in global financial centres Index
It was also among the centres expected to grow in the coming years.
Singapore unveils SME Pro-Enterprise Office, adjusts work permit
He highlighted the creation of a new SME Pro-Enterprise Office and adjustments to the work permit scheme.
Singapore urges businesses to act on climate transition planning
The ambassador outlined three key forces driving the transition: politics, economics, and nature.
Labour market expands in 2024: MoM
Resident employment saw a notable rebound, growing by 8,800 after a decline in 2023.
Singapore to see 2.6% GDP growth in 2025: survey
This forecast range is deemed the most probable by 46% of the economists surveyed.
Construction sector sees strong growth in 2024, optimistic for 2025: analyst
The construction sector grew by 5.9% YoY in the fourth quarter of 2024, driven by an uptick in public sector construction activity.
Trade uncertainty clouds NODX outlook despite early gains: analysts
RHB forecasts NODX to grow by 2% YoY. However, UOB is more cautious, projecting a 1.5% growth rate.
Singapore’s NODX up 7.6% in February
This reverses the 2.1% decline recorded in the previous month.
Trade value projected to exceed $1.2t by 2029: report
The report placed Singapore’s total trade value for 2024 at $951.6b, ranking 15th globally.
CPF interest rates unchanged for Q2 2025
Special, MediSave, and Retirement Accounts will stay at 4% per annum.
SG, Vietnam upgrade ties to Comprehensive Strategic Partnership
This is Singapore’s first CSP with an ASEAN member state.
Only 36% of mandated issuers met SGX climate disclosure requirements
Larger companies are better able to comply with Scope 3 emissions reporting.
Immigration key to growth, survival: SM Lee
He said that this would enable Singapore to thrive as a regional and international hub.
Budget 2025 hit and miss
Most said that it solved short-term challenges but fell short for long-term pressures.
MND expands seniors programme
It aims to encourage private households with seniors to install senior-friendly enhancements.
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