Economy
BUDGET 2025: Big 4 breaks down four key moves
BUDGET 2025: Big 4 breaks down four key moves
Industry experts from the PwC, Deloitte, KPMG, and EY shared their thoughts on Budget 2025.
BUDGET 2025: Tech industry flags practical challenges of digital adoption
There is a need to close the digital skills gap amongst SMEs.
BUDGET 2025: Corporate income tax rebate unveiled; National Productivity Fund boosted $3b
The government is also enhancing the Progressive Wage Credit Scheme.
BUDGET 2025: Gov’t revamping SkillsFuture Enterprise Credit model, grants
Instead of a reimbursement basis, the credit will be more like a digital wallet in the future.
BUDGET 2025: Singapore unveil tax incentives to boost SGX appeal
Tax incentives will be given out to local companies and fund managers who list in the SGX.
BUDGET 2025: S$800 CDC vouchers for households
Families with children aged 12 and younger will get $500 in LifeSG Credit for each child.
Singapore, Saudi Arabia signs MoU’s on improving logistics, supply chain
The two countries will launch a programme to enhance technical and vocational education.
Electronics sector loses momentum as NODX slips in January: expert
NODX contracted by -3.3% MoM in January, marking the first decline after two months of growth.
Singapore’s 2025 growth forecast cut to 2.6% amidst trade headwinds
It also revised down the 3-month Singapore Overnight Rate Average (SORA) forecast to 2.55% by the end of 2025.
LIVE UPDATES: Singapore Budget 2025
PM Wong says the 2025 Budget advances ForwardSG plans.
What Budget 2025 should focus on
Experts cited three main sectors that this year’s fiscal plan should fuel.
Singapore NODX down 2.1% in January 2025
This was driven by a fall in non-electronics.
Steady growth seen in 2025 driven by manufacturing
RHB has kept its GDP growth forecast at 3.0%, whilst UOB expects growth to come in slightly lower at 2.5%.
Half of businesses seek aid amidst inflation and digital push
Budget initiatives are seen vital in managing costs and boosting productivity.
Over 4 in 5 businesses seek government support
The majority of those in the health sector have applied or are interested.
Singapore economy up 4.4% in 2024
It was driven by the wholesale trade and finance & insurance sectors.
Singapore NODX up 2% in 2024
Non-electronic exports fell.
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