Economy
Which sector was outperforming in Q3 22?
Which sector was outperforming in Q3 22?
The tech sector was a clear outperformer in the third quarter of 2022.
Here’s the CPF interest rates for Q1 2023
The interest rates for Ordinary Accounts and Special and MediSave Accounts were unchanged.
Cloud, IoT deals shield Temasek from big impacts of FTX write off
The Singapore-based firm said it would write off a $275 investment from FTX.
Temasek's Paris office to start operations in H1 23
It will expand the talent pool in Europe and other regions.
7 in 10 workers will switch jobs if their pay increment is lower than the inflation rate
More than half of employees expect a pay increase of more than 6% in 2023.
Chip downturn poses threat to manufacturing growth in 2023: analysts
Manufacturing output will continue to slowdown in 2022 to 2023.
Business receipts of service industries rise 14.5% YoY in Q3
Recreation & Personal Services had the highest growth in revenue amongst industries.
Headline inflation to average 4% in 2023: UOB
This projection excludes 2023 goods and services tax impact.
Majority of businesses that have ESG programme report higher profits: study
Over 50% said having such a programme improved their performance.
Possible recession in H1 23 is likely a ‘shallow one:’ RHB
This despite the further stress predicted in the first half of 2023.
Inflation eases to 6.7% in October
It came in lower due to the moderation in private transport inflation.
How industries performed as Singapore economy growth eases
The economy eased by 4.1% in the third quarter of 2022.
Full-year outlook for economy narrows to 3.5% due to softened global demand
Electronics and chemical clusters will suffer from impacts in weaker demand.
Amidst weaker demand outlook, SG economy seen to grow by 0.5%-2.5% in 2023
There will be a global slowdown in semiconductors and wholesale trade.
Exports may shrink anew in November as economy outlook dims: analyst
It contracted by 5.6% in October 2022 due to decline in electronics shipments.
SG, Korea ink partnership on digital trade
The agreement will deepen the countries’ cooperation in areas such as AI and e-payments.
Non-oil domestic exports decline 5.6% YoY in October
Decreases in both electronics and non-electronics exports drove the decrease in NODX.
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