#singapore-economy

Teo Chee Hean to Lead Temasek Holdings’ S$389B Portfolio

Temasek Holdings appoints a retired senior minister as its new chairman, marking a major leadership overhaul at Singapore's sovereign wealth fund.

Household Finances Q1 2025: Debt Rising for 1.5 Years

Singapore households' net worth grew 8.1% in Q1 2025, but debt has been rising for six straight quarters, driven mainly by faster growth in mortgage and personal loans.

0-2% GDP Growth Forecast: Singapore Braces for 2025 Slowdown

Singapore's GDP growth forecast for 2025 stays at a cautious 0–2 per cent as trade tensions and slowing global demand weigh on the economy.

Singapore Labour Market Slows: Q1 2025 Unemployment Rates Revealed

Singapore's job market is losing steam in early 2025, with employment growth slowing and unemployment ticking up slightly.

S$2.8B from Aug 2023 Anti-Money Laundering Case Given to SG

Singapore police seized S$2.8 billion in a major anti-money laundering operation, arresting 10 foreigners and recovering assets from 17 others linked to the case.

Singapore Core Inflation Rises to 2.8% in Sep 2024

Singapore's core inflation rose to 2.8% in September 2024, while overall inflation eased to 2.0%, reflecting mixed price pressures across retail goods and transport costs.

MAS Keeps Singapore Monetary Policy Steady in Oct 2024

Singapore's central bank keeps interest rates steady in October 2024, betting that gradual currency strength will support growth while controlling inflation.

Manufacturing Spurs 4.1% Singapore GDP Rise in Q3 2024!

Singapore's economy grew 4.1% year-on-year in Q3 2024, with manufacturing leading the rebound at 7.5% expansion.

Motor Vehicle Sales Soar 17% in August 2024

Singapore's retail sales grew just 0.6% in August 2024, but motor vehicle sales surged 17% thanks to a higher COE quota, masking weakness in clothing and department stores.

Singapore Manufacturing (July 2024): Up 1.8%, Biomedical Down 17.4%

Singapore's factories grew output by 1.8% in July 2024, but the biomedical sector shrank sharply by 17.4%, dragging down overall performance.

Singapore’s Core Inflation Drops to 2.5% in July 2024

Singapore's core inflation eased to 2.5% in July 2024, down from 2.9% in June, though car and taxi costs climbed while food and housing softened.

Singapore Wholesale Trade Sees Big Jump in Q2 2024!

Singapore's wholesale trade sector surged in the second quarter of 2024, with domestic sales jumping 11.3% and foreign sales rising 8.6% year-on-year.

Speak Up on Pay: National Wages Council Seeks Your Feedback

Singapore's National Wages Council is opening the door for public feedback before it sets next year's wage guidelines in August.

Core Inflation Eases to 2.9% in Singapore for June 2024

Singapore's core inflation eased to 2.9% in June 2024, down from 3.1% in May, as transport and retail prices cooled.

Singapore Workers See 2023 Wages Grow, Defying Economy

Singapore's wages grew by 5.2% in 2023, but the real gains after inflation were tiny at 0.4%, raising questions about workers' actual purchasing power.

TSMC Affiliate Eyes Singapore For Its Most Advanced Chip Plant!

A TSMC affiliate is eyeing Singapore for a $2 billion advanced chip plant to produce automotive-grade chips and diversify away from China amid geopolitical tensions.

Embracing the Digital Trade Revolution in Singapore

Singapore is building a faster, more secure trade future by adopting digital technologies and signing agreements with other countries to make cross-border business easier.