Economy
Economists unveil 3 risks to Singapore’s economic growth
Economists unveil 3 risks to Singapore’s economic growth
Experts expect the economy to grow 1.0% in 2023.
Singapore could be affected by increasing rice prices
The El Nino and India’s non-basmati rice ban contributed to the price increase.
What can weigh down Singapore's financial market?
Economists cited three factors.
Tax revenue up 13.1% YoY in FY22/23
The government collected $68.6b in tax revenue for the period.
Over $4b in grants distributed to businesses, workers: IRAS
More than 120,000 enterprises received grants from the agency.
Singapore proposes new standard for businesses to disclose intangible assets
It encourages enterprises to report beyond the regular accounting standards.
ASEAN launches negotiations on digital economy framework agreement
The framework aims to facilitate more seamless cross-border digital trade.
‘Partnerships’ key in Singapore’s industrialisation drive: DPM Wong
Wong hopes international firms see Singapore as a “home away from home.”
SG elects economist Tharman Shanmugaratnam
The President-elect vowed to make SG a "partner of choice internationally."
SBF, supply chain solutions firm ink deal to help businesses expand globally
The deal supports an initiative that also provides free trade deal education.
Around 4 in 5 wealthy Singaporeans attribute better decisions to financial advisers
The younger generation is more keen to consult financial advisers early.
Singapore to bridge Africa-Asia trade – Minister Yong
Singapore has about 100 companies operating in 40 African countries.
Bilateral trade in goods between SG-Africa growing at 15% per annum
As of 2022, trade value between the two markets has reached $19.4b.
Singapore, Vietnam boost bilateral cooperation
They signed deals to improve relations in the green and digital economy, and innovation.
Electronic sector to recover in 2024
The industry was improved by the rise of AI.
SBV joins Singapore’s central bank and other ASEAN countries in RPC initiative
It will boost collaboration on payment connectivity.
SG and Qatar ink 5 MOUs for water-related research and business digitalisation
The MOUs also include cooperation in social development, family, and education.
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