Economy
Singapore economy up 4.4% in 2024
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.
Household employment income rose 1.4% in 2024
Median monthly household employment income went over $11k in 2024.
4 areas Budget 2025 will likely prioritise
There will be focus on upskilling programmes amongst others.
‘Pro-growth’ 2025 budget needed amidst global uncertainty: BofA
This year’s fiscal plan should contrast last year’s neutral stance.
Singapore to unveil ‘expansionary’ budget: analysts
It is expected to shift to a fiscal deficit of 0.3% of its GDP.
Negative sentiments dominate over one-third of money talks amongst Singaporeans
Younger people are more cautious in discussing financial matters.
What to expect in Singapore’s Budget 2025?
Generous financial support and more measures to improve economic competitiveness.
Gov’t not expecting to be on US direct tariffs ‘hit list’
However, it said Singapore will be impacted indirectly if there is any friction.
Gold investment surges 22% in 2024 as safe-haven demand grew
The Monetary Authority of Singapore adjusted its gold reserves in 2024, with 10 trillion of gold sold.
Singapore contributes US$87m to IDA
This is a 24% increase from the country’s previous contributions.
Service sector expects an increase in hiring activities in Q1
The sector also foresees higher revenue for the quarter.
Fiscal surplus could exceed expectations at $5b: UOB
This would mean 0.7% of the GDP.
How businesses can maximise the newly signed Johor-Singapore SEZ deal
Firms should leverage tax breaks, talent policies, and trade facilitation to unlock the agreement's full potential.
Import, export price indices fell in December 2024
The prices of electrical machinery apparatus were lower in December.
Singapore's industrial production set to grow 3% in 2025: analyst
The city’s 4Q24 and full-year 2024 GDP growth will also likely be revised upward, RHB noted.
Experts split on Singapore’s monetary policy outlook for 2025
UOB expects MAS to ease policy, whilst RHB sees no change until mid-2025.
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