Economy

Program offers streamlined support to micro and small businesses facing financial difficulties The Ministry of Law (MinLaw) has extended the application period for the Simplified...

December inflation rises slightly; outlook for 2024 shows moderation in core inflation Singapore’s inflation for 2023 closely matched the Monetary Authority of Singapore (MAS) and...

Biomedical sector drag leads to contraction, despite gains in electronics and chemicals Singapore’s factory output contracted by 2.5% year-on-year (yoy) in December 2024, driven largely...

Monetary Authority of Singapore stays cautious with inflation outlook, anticipates stronger growth in 2024 The Monetary Authority of Singapore (MAS) decided to maintain its monetary...

Disinflation may pause in 2024, influenced by higher GST, utilities costs, and wage pressures Singapore’s inflation has slowed significantly, dropping to 3.7% in December from...

Singapore Joins Global Efforts to Improve Tax Transparency and Combat Evasion in the Crypto Sector On November 10, 2023, the Inland Revenue Authority of Singapore...

Manufacturing Decline Weighs on Growth, While Services Sector Shows Positive Momentum Singapore’s GDP growth for 2023 is expected to close at 1%, as reported by...

Fluctuations in COE Prices Contribute to Inflationary Pressures in the Coming Months Singapore’s core inflation rebounded to 3.3% in October, signaling a slight uptick in...

Retail sector faces contraction amid weaker demand and higher inflation expectations In October 2023, Singapore’s retail sales saw a 0.1% decline year-on-year, reversing the previous...

Non-Oil Domestic Exports Decline Slows, Yet Geopolitical Tensions Pose Ongoing Risks Singapore’s key exports experienced a decline of 13.2% year-on-year in September, a significant easing...