Economy
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.
Why executives struggle in adopting necessary green technologies
About 81% of the real estate sector indicated full preparedness.
Updated MOU strengthens SG-Malaysia pharmaceutical ties
The agreement was originally signed in 2012.
Singapore Companies Eye Vietnam to Navigate Manufacturing Shifts, Green Transition, and the AI Revolution
Vietnam's location in Southeast Asia links major Asian markets, backed by a young workforce and expanding middle class.
King of Malaysia to visit SG on state tour from May 6-7
He will be observing Parliamentary proceedings during his visit.
Korea joins digital economy agreement founded by S'pore, Chile, and New Zealand
Korea was the first member to join through accession.
PMI slips to 50.5 in April
It dipped by 0.2 points from March.
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Commentary
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