Ministry of Trade and Industry
Singapore's government arm that promotes economic growth, and creates jobs, to enable Singaporeans to improve their lives.
See below for the Latest Ministry of Trade and Industry News, Analysis, Profit Results, Share Price Information, and Commentary.
Non-oil domestic exports grow 15.7% in July after June decline
Non-oil domestic exports grow 15.7% in July after June decline
Growth in electronics and non-electronics drove the increase.
Economy grew 3% in H1
GDP growth was slightly slower in Q2 as the manufacturing sector shrunk.
Singapore and Ghana enhance trade and carbon credit cooperation
MTI vowed to expedite the Singapore-Ghana Implementation Agreement.
MTI taps Beh Swan Gin as new permanent secretary
She will replace Gabriel Lim, who is retiring after 24 years of service.
Core inflation at 2.9% in June as prices retail, travel prices ease
Private transportation prices declined by 0.7% during the month.
Inflation still at 3.1% in May as power, gas costs rise slower
Core inflation unchanged since March, headline inflation up from 2.7% in April.
Singapore partner with US and Vietnam to boost cross-border electricity trade
This will focus on knowledge sharing and capacity building amongst others.
Gov't identifies 9 designated entities under the Significant Investments Act
The entities include ST Logistics and ST Engineering Marine.
Inflation stable as lower housing costs offset transport rise
Headline and core inflation came in at 2.7% and 3.1% YoY, respectively.
Chemicals cluster forecasts brighter business prospects
A net weighted balance of 2% of firms projects improved business conditions in 2Q-3Q.
MTI maintains 1%-3% GDP 2024 growth forecast despite 1Q expansion
GDP grew 2.7% YoY in 1Q24.
Lower private transport costs ease inflation to 2.7% YoY in March
In February, headline inflation was at 3.4 YoY.
Economy grows at a faster pace in 1Q24: advance estimates
It grew 2.7% YoY from 2.2% YoY in 4Q23.
JTC strengthens board with new and returning members
The corporation also retained Tan Chong Meng as chairman.
Inflation rises to 3.4% YoY in February
This is faster following a 2.9% slowdown in January.
Inflation eases to 2.9% YoY in January
In December 2023, headline inflation rose 3.7% YoY.
Economy grows 1.1% in 2023; MTI retains 2024 growth forecast at 1.0%-3.0%
Economic growth moderated from 2022, when Singapore recorded a 3.8% YoY expansion.
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