Singapore economy

The construction sector grew by 6.6 per cent year-on-year in the second quarter, extending the 6.9 per cent growth in the first quarter. Growth was supported by expansions in both public and private sector construction output. On a…

<!-- -->Indian professionals in Singapore has doubled from 13 to 25 per cent between 2005 and 2020.Last week, Singapore reported some weak economic numbers raising fears of a recession. Annual exports fell for the eighth consecutive…

Apart from the US Chips and Science Act, the US Inflation Reduction Act is another incentive programme “that will compete for the same sorts of investments that Singapore would be interested in”, EDB chairman Beh Swan Gin told reporters at…

That said, there are some gaps to be filled. Mr Ong Sim Ho, managing director of corporate and finance practice and head of family office at Drew & Napier, noted that applicants can only choose from two GIP funds at the moment. “If…

Ms Low said authorities are “very selective” of investors under the programme, with the EDB having a “stringent” process to evaluate each applicant’s economic and residency commitments. Those granted PR status through the programme are…

HELPING FIRMS GROW Dr Tan said the M-SEP scheme is designed to work with other government programmes that support economic priorities. “Firms that participate in these programmes contribute towards Singapore’s competitiveness and generate…

SINGAPORE: Singapore's economy grew more than expected last year but much slower than in 2021, official data showed Tuesday, as analysts warned of weaker growth ahead owing to an expected recession in key markets.While the 3.8 percent…

CENTRAL BANK DYNAMICS First thing to note is that unlike most central banks, MAS does not run an interest rate policy, but an exchange rate policy that helps to manage imported inflation by strengthening the trade-weighted Singapore…

Already, businesses are feeling ripple effects. More than half of the large companies and 60 per cent of small and medium-sized enterprises (SMEs) polled by the Singapore Business Federation (SBF) last month said they have been negatively…

SINGAPORE: Singapore has maintained its full-year economic forecast for 2022 at 3 per cent to 5 per cent but is expecting growth to come in “at the lower half” of this forecast range amid a weaker external environment. Official data…