Economy
Singapore NODX up 9% in December 2024
Singapore NODX up 9% in December 2024
NORI also increased from $2.8b in November to $5.4b in December.
PWC Singapore and SBF push for globally competitive businesses
They recommended tax rebate of up to 50% for non-residential properties to address cost pressures faced by businesses.
Singapore GDP growth to ease in 2025: Moody’s
The GDP is expected to remain within the 10-year average.
Singapore’s digital economy contributes $113.2b to GDP
Sectors such as finance and insurance are amongst major drivers of this growth.
Singapore SMEs register improved health in Q4: OCBC SME Index
1 in 5 SMEs are looking to expand overseas and improve business in 2025.
Malaysia announces tax incentives for Johor-Singapore SEZ
It includes a 5% corporate tax rate for up to 15 years for companies in advanced sectors.
JS-SEZ expands flagship zones with focus on key industries
The JS-SEZ also plans to facilitate 50 projects in the first five years.
5 key sectors set to benefit from the Johor-Singapore SEZ deal
The agreement aims to attract 100 projects over the next decade.
Singapore, Malaysia not yet ready to resolve all ‘complex’ bilateral issues
These issues include maritime boundaries, water, and airspace.
Singapore, Malaysia sign agreement on Johor-Singapore Special Economic Zone
Both countries aim to attract investments in sectors such as manufacturing, logistics, and renewable energy.
Trade sector to sustain growth in early 2025
Additional protectionist measures may affect longer-term trajectory.
Singapore is Asia’s most expensive city to live in 2025: report
The city-state also ranked 11th globally.
Singapore less exposed to US tariff risks
However, it is vulnerable to negative trade shocks or a US economic downturn.
Singapore GDP could grow by up to 3% in 2025: analysts
UOB and RHB said MAS will likely maintain its current policies through mid-2025.
Singapore GDP growth slows to 4.3% YoY in Q4
On a sequential basis, GDP also grew slower.
Headline inflation rises to 1.6% in November as transport costs ease slower
Transport inflation only fell by 0.7% YoY.
Salaries set to rise by 4% across all industries in 2025
The real estate, consumer goods, retail, and banking & finance sectors may see the highest salary increases.
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