Singapore economy

How Singapore’s safe-haven status offsets Middle East war

Maybank expects H1 gains for Banks, REITs, and Tech if conflict is short.

Middle East tensions raise inflation risks whilst GDP growth impact seen limited: analysts

With 55% of crude oil sourced from the Middle East, every price jump hits the CPI—but the broader economy is holding firm.

AI boom and falling rates trigger upgrades to Singapore GDP outlook

Major financial institutions have raised Singapore’s growth outlook to as much as 3.6%.

Economic growth projected to slow to 2.2% in 2026: report

As unemployment rates, population growth, interest rates, amongst others, will see moderate activity.

Tax policy pulls Singapore down global competitiveness ranking

Singapore slips to second place behind Switzerland in the IMD World Competitiveness Ranking.

Singapore ranks second in global economic freedom

The country also ranked second in international trade freedom.

De Beers Group to relocate auctions HQ from Singapore to Botswana

It moved its Global Sightholder Sales business from the US to Botswana in 2013.

Singapore net inflows hit $263.18m in 3Q23

Equity and fixed-income funds reported inflows during the quarter.

SG becomes the leading wealth capital in APAC

Singapore attained an average score of 0.79.

Contribution of digital economy to SG rises to $106b in 2022

The figure translates to 17.3% of Singapore's GDP last year.

SSIA reaffirms commitment for global industry collaboration

This will boost the country’s semiconductor supply chains.

Singapore, Hong Kong reinforces ties with 7 new MOUs signed

Hong Kong Chief Executive John Lee visited Singapore as part of a week-long ASEAN trip.

Total trade contracts 19.2% YoY in June

This extended the 17.9% decrease in the previous month.

Total employment up for sixth straight quarter

The services sector reported over 27,000 new hires, of which over 5,000 are migrant domestic workers.

Economic growth to slow down in 2023

UOB expects full-year GDP to grow by only 0.7%.