Economy
Ultra-rich population set to grow 9.7% by 2028: report
Ultra-rich population set to grow 9.7% by 2028: report
Luxury home prices are expected to see positive growth in 2025, supported by limited supply and strong foreign demand.
European firms expand in Singapore with focus on AI, green tech
European firms are actively hiring skilled professionals on areas such as fintech, AI-driven automation, and cybersecurity.
Singapore investigates suspected fraud in server shipments
Three individuals were arrested in connection to a shipment of high-tech chips.
Business receipts in service industries up 8.5% YoY in Q4
The finance & insurance sector led with a 14.2% revenue increase.
SBF forms committee to draft prompt payment code
This aims to improve payment practices in Singapore’s business environment.
Kazakhstan-Singapore investment agreement takes effect 1 March
It grants Singapore businesses greater access to 15 service sectors in Kazakhstan
UOB lowers full-year inflation forecast amidst disinflation in January
Both core and headline inflation dropped in January.
Aspial Corporation reports $5.45m profit for FY2024
Revenue was 13% HIGHER AT s$678.36m for the whole year.
Nomura warns SGD rate underperformance likely amid market unwind
The SORA fix has dropped significantly, averaging 2.5% in February.
New economic measures to boost Singapore’s equity market liquidity: analyst
These initiatives also demonstrate strong political commitment to enhancing Singapore’s position as a leading global financial hub.
Singapore's core inflation falls to 0.8% in January
Headline inflation eased to 1.2% YoY.
Domestic wholesale sales decline 4.4% in Q4 2024
The industrial & construction machinery sector saw a 22.6% decline.
Singapore unveils measures to boost equities market
A key initiative is the $5b Equity Market Development Programme (EQDP).
Singapore’s 50% tax rebate aims to drive productivity, global growth
This broad-based support allows SMEs and companies not making a profit to benefit.
Tax risks loom as preference shares may be classified as debt: report
Companies are urged to conduct thorough reviews to ensure their accounting treatment is aligned with intended tax outcomes.
Singapore reserves fiscal resources amidst heightened global economic risks: analyst
Nomura said this cautious approach reflects the government’s recognition that global uncertainty remains elevated.
DBS marks 6 takeaways in Budget 2025
The group identified segments that will benefit from the budget’s key priorities.
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Commentary
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