Economy

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15 Jun 21
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Government to grant one-off GST vouchers and rebates for a total of $1.3b
2 Jun 21
Approximately 1.4 million Singaporeans will receive up to $500 in GST vouchers from June and July.
Singapore government assures a stable food supply, amidst Malaysia lockdown
1 Jun 21
The Minister for Trade and Industry Gan Kim Yong has said there will be ample supplies in Singapore during Malaysia’s two-week lockdown...
PM Lee: Expect large-scale COVID-19 testing
1 Jun 21
Singapore is scaling up its mass testing efforts to curb the spread of the pandemic.
IRAS denies $85m job support payouts to 2,600 employers
1 Jun 21
Their documents are under review to substantiate their eligibility for the pandemic relief scheme.
Job Supports Scheme enhanced for Phase 2 Heightened Alert
31 May 21
Support will now be offered to those working in the retail, arts, and sports and fitness sectors, including the self-employed.
Singapore provides up to $700 one-off payout for employees on no-pay leave
31 May 21
The support package is part of the new COVID-19 Recovery Grant (Temporary).
Daily Briefing: Japan extends coronavirus state of emergency; US economy expands by 6.4%
30 May 21
And find out how much Southeast Asian women could contribute to the e-commerce market.
Daily Briefing: US & China trade envoys meet; HSBC exits US retail banking; Australian state locks down
27 May 21
Trade envoys from the US and China talk on the phone for the first time since US President Joe Biden took office.
Services industry revenues weakened by 1.5% in Q1
27 May 21
Administrative, recreation, and real estate services saw double-digit declines in revenue.
MTI maintains 2021 GDP forecast amidst pandemic jitters
26 May 21
Despite increasing COVID-19 cases, the Ministry of Trade and Industry expects the economy to grow by at least 4% in 2021.
Singapore's has highest quality "business elites" in the world
25 May 21
Singapore tops the Elite Quality Index for the second year in the row.
Daily Briefing: Global property markets to soar; UN envoy warns of potential Myanmar civil war
25 May 21
And more companies to move supply chains to China as COVID cases spike in other Asian economies.
Singapore hikes 2021 trade, NODX outlooks as quarterly figures improve
25 May 21
Enterprise Singapore expects growth of non-oil domestic exports to fall between the 1.0%-3.0% range for the full year.
Inflation smashes seven-year high to hit 2.1% in April
25 May 21
Transport costs accelerated much of the national price index, increasing by 9.7% year-on-year.
Petroleum drags domestic wholesale trade to -4.7% in Q1
21 May 21
Excluding petroleum sales, domestic wholesale would have registered a 6.1% increase.
Shangri-La Dialogue cancelled due to COVID-19 concerns
21 May 21
The cancellation of the defence forum followed the suspension of the World Economic Forum annual meeting.
Economy recovered to pre-COVID levels in Q1: Morgan Stanley
19 May 21
The multinational investment bank expects Singapore to reach GDP growth of above 8% in 2021.
How badly would stricter border restrictions have affected the manpower shortage?
19 May 21
The Ministry of Manpower said Singaporeans would certainly feel the impact of having fewer migrant workers in their daily lives.
Emerging Stronger Task Force bares five recommendations for economic recovery
18 May 21
Here’s how the government and private sector plan to help the economy recover from the blows of the COVID-19 pandemic.
NODX grows by 6.0%, but misses expecations: OCBC
18 May 21
The market expected exports to grow by 11.0% in April, while OCBC expected 9.6% growth.
What do Singaporean leaders think is the secret to business success?
18 May 21
Global business leaders also believe this is crucial in running a successful company.
World Economic Forum suspends Singapore annual meeting
18 May 21
The World Economic Forum will not push through with its August special annual meeting.
Exports expand for the fifth straight month by 6%
17 May 21
However, trade in three key trading partners continued to drag.
What could cause a second circuit breaker? The Health Minister answers
17 May 21
Health minister Ong Ye Kung gives three factors that could lead to a new set of enhanced "circuit breaker" social distancing...
Businesses struggle to cope with lack of foreign manpower: SBF
10 May 21
The Singapore Business Federation says the country should not completely close its borders to foreign workers.
SME cashflow returns to pre-circuit breaker levels: OCBC
6 May 21
Small and medium-sized enterprises in healthcare and transport were the strongest performers in OCBC's SME index last quarter.
What's at stake with this return to Phase 2?
6 May 21
UOB weighs in on the reimposition of stricter measures as COVID-19 cases increase.
Could the circuit breaker measures be back? Government won't rule it out
5 May 21
Health Minister Gan Kim Yong said the government will remain vigilant in preventing the spread of COVID-19.
Traveller quarantines extended to 21 days as COVID-19 cases increase
5 May 21
Singapore tightens border measures against more countries and has increased the mandatory quarantine period.
Singapore reduces workplace attendance back to 50%
5 May 21
The maximum sizes of business events have also been reduced to prevent the spread of COVID-19.
Strait Times Index marks strongest start to a year since 1999
4 May 21
STI recorded a 13.2% price gain over the first four months of 2021.
Most of the services sector optimistic for the 2nd quarter in a row
3 May 21
The retail trade and accomodation sectors, however, remain shrouded in negative sentiment.
Growth of 6.3% predicted for consumer spending projects: Fitch
3 May 21
Household spending has been estimated to have contracted by 13.8% over 2020.
More Singaporeans to snatch up jobs by year-end: UOB
2 May 21
With joblessness rates falling in the first quarter, UOB Global Economics say things are likely to continue improving.
Here's why more Singaporeans are turning into penny pinchers
29 Apr 21
At least three in five are tracking expenses on a regular basis.
Employment increases for the first time in one full year
29 Apr 21
Approximately 4,800 Singaporeans found employment in the first quarter of the year.
Analysts forecast higher GDP following surprising industrial production results
28 Apr 21
The 7.6% surge of industrial production in March broke past analyst estimates.
Inflation hits four-year high. Should we be concerned?
27 Apr 21
Headline inflation hit a 4-year high of 1.3% in March, the highest since May 2017.
Lifelong employability matters more than lifelong employment: Heng
26 Apr 21
The shift comes as the deputy prime minister expects a fast-changing and uncertain post-COVID-19 world.

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