Economy
F&B sales stall in May
F&B sales stall in May
Restaurants grew, but declines elsewhere kept overall turnover unchanged.
Retail sales growth cools in May
Monthly sales fell as consumer purchases eased after April's stronger performance.
Gulf War truce collapse could disrupt Singapore's AI-led boom
Non-oil exports are forecast to nearly quadruple official growth guidance.
CFOs stay bullish on local economy despite global gloom
96% expect the Middle East conflict to hurt the world economy this year.
Maybank cuts STI target to 5,500, keeps re-rating thesis intact
It cited dowgrades in market earnings per share due to high energy costs.
Renewed EnterpriseSG-JETRO pact expands into AI, biotech, and energy
SMEs and corporates gain access via business matching and ecosystem linkages.
Export prices dip 0.8% in May as oil retreat offsets non-oil gains
Annual prices still up 14.7% with oil index surging 62.2% YoY.
Singapore keeps investment screening rules as FDI hits record $197b
Investors must seek approval for specified ownership changes in nine designated entities.
Stocks index up 4.5% in June as exports surge, inflation cools
Non-oil domestic exports expanded 38.4% year on year in May.
Households earning at least $30k monthly nearly double in five years
Investment gains rose from 9.6% to 13.5% of total income.
Singapore ranks 6th globally in average wealth in 2025
Median wealth ranked 20th globally at $125,364.
Analysts split on industrial outlook despite shared 13% IP gain
UOB lifts GDP forecast to 4% whilst RHB flags pharma front-loading risk ahead of US tariff.
Import prices fall 1.6% in May, reversing April gains
Lower oil prices pulled the import index down 1.6% even as non-oil costs continued to climb.
Domestic supply prices fall 1.9% in May
Lower petroleum prices offset continued increases in non-oil goods.
Freight services prices jump 4.5% in Q1 on pricier oil and supply disruptions
Accounting services, cargo, and warehouse storage prices all rose.
Gov't urged to boost ranks of $1b revenue local firms: ESR
Overseas expansion has become harder amidst trade and supply chain risks.
MAS pauses policy tightening amidst 30% risk of Gulf War energy shock
Maybank notes fuel costs and supply shocks have not triggered consumer price spikes.
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