Economy

Chart of the Day: Rate of Singapore GST hike over the years

The hike implementation originally scheduled in 2022 was moved to 2023.

Foreign wholesale trade jumps 48.7% YoY in Q4 2021

Excluding petroleum products, an expansion of 25.2% was reported.

Gov't to increase carbon tax to $25 per tonne in 2024

A transition framework will be set to help companies adjust.

Domestic wholesale trade up 34.9% YoY in Q4 2021

On a QoQ basis, a 3.6% increase was observed.   Singapore recorded a 34.9% year-on-year (YoY) increase in domestic wholesale trades, the Department of...

StanChart forecasts GDP growth to ease 4.1% in 2022

This is given the unfavourable base effect and the moderation of global growth and trade levels.

Singapore Budget 2022: GST hike delayed, carbon tax raised

Singapore's national budget will be delivered by Finance Minister Lawrence Wong today. 

SG bucks 2-year trade decline as total imports and exports jump 19.7% YoY

This growth translates to a $1.2t total merchandise trade in 2021.

MTI keeps 3% to 5% GDP growth forecast for 2022

This is despite the faster-than-expected expansion of the economy in 2021 by 7.6%.

How 4 worldwide macro trends are affecting Singapore

These macro trends were identified by Project Management Institute in their latest research. 

International expansion on the backburner for 60% of SMEs

Six in five expect pandemic measures to worsen in the next 12 months.

Budget 2022 unlikely to deviate from last year: OCBC

The total expenditure in 2021 was estimated at $102.3b or 20.2% of GDP.

SG to host Asia-first XM innovation hub

SAP, Qualtrics, and the EDB commit $14m for experience management (XM) innovations.

60% of SMEs uncertain about int'l expansion: QBE

Small businesses have put internationalisation aside within the next 24 months.

Retail sales up 6.7% to $4.4b in December 2021

Excluding motor vehicles, an 8.6% YoY jump to $3.9b was observed.

When is it the right time to raise GST?

KPMG Singapore expects the tax hike to be implemented in one go. 

SG Budget 2022 to focus on strengthening post-pandemic economy

Minister Lawrence Wong also acknowledged the difficulties faced by sectors.