Economy
Business receipts in services sector climbed 4.6% in Q4 2019
Business receipts in services sector climbed 4.6% in Q4 2019
Revenues in the transport & storage services industry grew 5.6%.
Chart of the Day: Singapore's merchandise exports dipped 4.2% YoY to $532.51b in 2019
Majority of the export trading volume went to China.
COVID-19 weighs on deflationary pressures for 2020
But MAS kept its inflation forecasts to 0.5-1.5%.
Core inflation hit 0.3% in January
This was blamed on lower services inflation and a steeper drop in the cost of retail.
A Guide for Singapore's SMEs: Reading between the lines of the Budget
The Budget provides Singapore SMEs with defence and growth measures – it’s now up to businesses to take them!
Government balance to remain in “healthy surplus” in 2020
The city’s public finances remain sound despite a higher budget deficit.
Singapore trails New Zealand in ease of doing business
It had the best environment for enforcing contracts.
Household income inequality fell to eight-year low in 2019
Median household income rose 1.4% to $9,425 in 2019.
SARS playbook may slump currency to 2017 lows
MAS re-centered the policy band lower for the currency amidst the SARS outbreak in 2003.
NODX tipped to drop 1% in 2020
It could worsen if the COVID-19 outbreak becomes more widespread.
Everything you need to know about the Big 4's reactions to Budget 2020
Find out what EY, Deloitte, KPMG, and PwC have to say about the Budget.
Budget deficit hit $1.7b in FY 2019
This translates to 0.3% of the GDP.
Singapore Budget 2020 Full Coverage: COVID-hit sectors to get $4b and GST hike moved to 2025
The budget deficit could hit $5.1b in 2020, the government injects $1.6b into the CPF Housing Grant, and $1b gets pumped into cybersecurity measures.
Fiscal deficit to hit two decade-high in 2020
The economic effects of the COVID-19 outbreak demanded a much bigger stimulus.
GDP expanded 0.7% in 2019
The slower growth was partly driven by the manufacturing sector contracting 1.4%.
GDP growth forecast revised down to 0.5% for 2020
This falls at the lowest end of the earlier official forecast announced last November.
Total merchandise trade down 3.2% to $1t in 2019
This is blamed on oil trade as it fell 13.9% in 2019 amidst lower oil prices.
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