Economy

Manufacturing sector shows signs of recovery, but challenges remain in the global economic environment In July 2023, Singapore’s factory output showed a slower decline of...

Ticket sales strong as Singapore Grand Prix promises economic benefits despite capacity drop Singapore’s Formula 1 Grand Prix is set to occur from September 15...

Tourist arrivals and favorable retail trends expected to support continued growth Singapore’s retail sales continued their growth trajectory, rising 1.1% year-on-year in July, marking the...

Revenue boost driven by corporate and personal income taxes as well as a booming property market Singapore’s tax revenue surged by 22.4% to S$60.7 billion...

Manufacturing and non-oil exports see substantial declines, but labor market tightness continues Private-sector economists have lowered Singapore’s full-year GDP growth forecast to 1%, down from...

New law to strengthen economic resilience and security amid global uncertainties Singapore’s Minister for Trade and Industry, Gan Kim Yong, emphasized that the upcoming Significant...

Government Focuses on Fairness Amid Rising Foreign Investments Finance Minister and Deputy Prime Minister Lawrence Wong announced on February 23 that income inequality in Singapore...

Inflation Trends and Forecasts for Singapore’s Economic Outlook SINGAPORE: Core inflation in Singapore remained at 5.1% in December, maintaining the same rate for the third...

Deputy Prime Minister Highlights Challenges and Measures for Economic Resilience Inflation Forecast and ChallengesInflation in Singapore is expected to peak within the next two to...

Monetary Authority of Singapore Predicts Further Price Hikes Amid Global Supply Chain Disruptions Singapore’s inflation is set to continue rising as businesses pass on increased...