Economy
Business receipts of service industries rise 10.9% YoY in Q422
Business receipts of service industries rise 10.9% YoY in Q422
Recreation & Personal Services had the highest growth in revenue amongst industries.
Central bank may further tighten monetary policy in April: analysts
This is expected if core inflation does not moderate.
Inflation picks up to 6.6% in January
It came in higher due to the increase in services inflation, amongst others.
Weak demand from major export destinations hits NODX momentum: UOB
Non-oil domestic exports (NODX) declined 25% in January 2023.
Foreign wholesale trade falls 5.9% QoQ in Q422
Most wholesale trade industries recorded QoQ declines in foreign sales.
Domestic wholesale trade dips 3.3% QoQ in Q422
Most wholesale trade industries recorded QoQ declines in domestic sales.
SG startups can participate for world’s largest startup competition
The top 30 startups in the competition can be considered for $6.6m investment.
Worse may be over for exports: RHB
Exports slightly improved in January but it will decline in the first half of 2023.
Exports decline 25% in January
Electronics and non-electronics decreased.
Singapore unaffected by Budget 2023: RHB
This year’s forecast for the economy of the Lion City remains at 3%.
How much does Singapore lose each year due to supply chain disruptions?
TMX Global cites three ways to improve businesses' supply chain strategies.
Budget 2023: Gov’t has ‘right tools’ to manage GST increase
ADDX said the government’s tax hike will not be deferred.
Singapore holds first economic dialogue with Japan
The two countries engaged in talks about enhancing their bilateral economic cooperation.
CPF measures for seniors to benefit about 112,000 members
More than 80,000 of the members will receive payouts in their coming birth month.
Budget 2023: Bulk of revenue hike comes from higher GST collection
Tax collection will grow 1%.
Budget 2023: Which sectors will be the hardest hit by the 2023 budget measures?
Real estate sector will be mildly hit whilst global firms may expect problems from corporate tax.
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