Economy
PMI slips 1.6 points in November
PMI slips 1.6 points in November
November marked the 21st consecutive month of expansion in Singapore's private sector.
Gov’t invites public to share their views for Budget 2025
The budget will be presented in February 2025.
US rate cuts to boost Singapore’s office, logistics, and retail sectors
Lower borrowing costs may boost transactions as buyers and sellers regain confidence.
Singapore export payments drop 27% YoY in 2024: Instarem
Signs of sector recovery and rising sentiment may spur market expansion.
Singapore to align with global growth in 2025, driven by sustainability trends
Singapore led regional growth in 2024, with institutional investment soaring 74% YoY.
Tariff risks to weigh on Singapore’s growth in 2025
However, strong domestic data may prompt the MAS to maintain its current policy stance.
Household income grows faster than spending from 2017/18 to 2023
Income grew 4.1% annually to $15,473, outpacing 2.8% expenditure growth to $5,931.
Business receipts in service industries rise 12.7% YoY in Q3 2024
Information and Communications led business receipts growth.
Manufacturing and export growth bolster Singapore corporates
Corporate debt servicing capabilities are expected to remain resilient, says MAS.
Singapore remains confident in China’s future, seeks deeper collaboration amid challenges: SM Lee
The joint projects between the two countries will boost development and innovation
Economists split on MAS policy for early 2025 as October inflation eases
Headline and core inflation down 1.4%YoY and 2.1%, respectively.
Headline inflation falls to 1.4% as private transport and accommodation costs ease
Private transportation inflation's contraction widened to -2.5%.
UOB raises Singapore’s 2024 growth forecast to 3.5% on trade strength
However, its 2025 forecast was downgraded to 2.5% amidst external risks.
MTI raises Singapore’s 2024 economic growth forecast to around 3.5%
Its initial forecast was 1.0% to 3.0%.
MTI appoints Jermaine Loy as new managing director of EDB
He will take over starting 1 March 2025.
SG narrows 2024 NODX growth forecast to 1.0% on weak H2 recovery
For 2025, Enterprise Singapore projects NODX growth of 1.0% to 3.0%.
Non-oil domestic exports rebound, rising 9.2% YoY in Q3
In Q2, NODX fell 6.5% YoY.
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