Economy
Chip downturn poses threat to manufacturing growth in 2023: analysts
Chip downturn poses threat to manufacturing growth in 2023: analysts
Manufacturing output will continue to slowdown in 2022 to 2023.
Business receipts of service industries rise 14.5% YoY in Q3
Recreation & Personal Services had the highest growth in revenue amongst industries.
Headline inflation to average 4% in 2023: UOB
This projection excludes 2023 goods and services tax impact.
Majority of businesses that have ESG programme report higher profits: study
Over 50% said having such a programme improved their performance.
Possible recession in H1 23 is likely a ‘shallow one:’ RHB
This despite the further stress predicted in the first half of 2023.
Inflation eases to 6.7% in October
It came in lower due to the moderation in private transport inflation.
How industries performed as Singapore economy growth eases
The economy eased by 4.1% in the third quarter of 2022.
Full-year outlook for economy narrows to 3.5% due to softened global demand
Electronics and chemical clusters will suffer from impacts in weaker demand.
Amidst weaker demand outlook, SG economy seen to grow by 0.5%-2.5% in 2023
There will be a global slowdown in semiconductors and wholesale trade.
Exports may shrink anew in November as economy outlook dims: analyst
It contracted by 5.6% in October 2022 due to decline in electronics shipments.
SG, Korea ink partnership on digital trade
The agreement will deepen the countries’ cooperation in areas such as AI and e-payments.
Non-oil domestic exports decline 5.6% YoY in October
Decreases in both electronics and non-electronics exports drove the decrease in NODX.
SG, Bangladesh ink trade and investment pact
They will work on initiatives in areas such as renewable energy.
China’s steps to reopen will uplift some Singapore-listed stocks
The Chinese government is looking to slowly ease its travel restrictions.
Central bank reveals 2023 Year of the Rabbit Almanac Coins
The coins will be available on 1 January 2023.
Singapore underscores resilience but cautious amidst decoupling issues: Wong
The deputy prime minister said they encourage better diversification.
Around 2.9 million Singaporeans may get up to $200 cash payout
The government raised the Assurance Package by $1.4b.
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