Economy

Singapore eyes deeper defence ties with Australia and Qatar

Singapore eyes deeper defence ties with Australia and Qatar

The high-level defence forums anchor parallel diplomatic meetings across multiple regions.

SingStat revamps trade data with wider firm coverage, drops old index

The methodology removes industry weights by summing actual revenue across 12 specific trade categories.

Real wages recover but pay satisfaction lags: Jobstreet

Jobstreet said workers increasingly expect clearer links between pay, performance, progression, and recognition.

Services receipts rise 3.7% in Q1

Information and communications posted the strongest annual growth, whilst education led the quarterly increase.

RHB raises industrial production forecast to 7% after strong April output

The bank said AI-driven electronics demand could lift GDP growth towards the top end of MTI’s forecast range.

Nomura raises GDP forecast to 4.6% on strong Q1 growth

The bank said AI-related demand continues to support electronics and manufacturing momentum.

Personal disposable income rises 5.2% in Q1

Personal saving bounced back by 6.7%, reversing a Q4 contraction. 

AI boom shields Singapore 2026 outlook from Middle East, tariff headwinds

Meanwhile, the central bank could shift policy settings later in the year if energy prices keep climbing.

Core inflation cools to 1.4% in April

However, private transport costs jumped 8.1% as car prices surged.

Central banks face calls for heightened oil shock vigilance

MAS chief economist warns energy price spikes feed into wages faster.

NODX outlook lifted to 3%-5% on electronics strength

However, non-electronic exports fell 3.5% in Q1.

MTI holds 2%-4% growth outlook despite Iran war risks

Strong AI chip demand helped push Q1 GDP growth to 6%.

Gulf oil shocks now eclipse tariff fears, says MAS chief economist

The feared global trade collapse “did not bark” in 2025.

Singapore launches sustainability standard for businesses

TR 149 gives SMEs a framework to assess and improve their environmental performance.

How are Singaporeans responding to the Middle East conflict?

YouGov survey shows shift toward savings, promotions, and reduced discretionary spending.

Domestic wholesale sales fall 6.9% in Q1

Foreign wholesale sales rose 3.6%, supported by demand for computer hardware and electronic chips.

Singapore leads AI finance race but scale constraints put its advantage at risk

It is closest to sustained alignment between AI capability and institutional trust at scale.