Economy
PM Wong’s National Day pledge says gov’t will “redouble efforts” to stabilise cost of living
PM Wong’s National Day pledge says gov’t will “redouble efforts” to stabilise cost of living
The government will combat inflation through support measures such as CDC vouchers and cash payouts.
PMI rises to 50.7, marking faster expansion in July
The faster expansion rate in indexes such as new orders helped boost the PMI.
Lower-than-expected labour stats offset inflation risks
The core inflation forecast remains at 3.3%.
Singapore, US ink nuclear cooperation agreement
They have been collaborating on nuclear issues over the past decade.
Singapore and Guangdong to boost bilateral trade with new projects
The two economies signed 20 projects in sustainability, health, and agritech.
Singapore sees stronger employment growth in Q2 2024
The number of employed individuals rose by 11,300.
MAS likely to keep restrictive slope amid rising imported inflation
Policy normalisation, however, could take place in October.
Manufacturing output drops 1.6% YoY in June
Excluding the biomedical manufacturing segment, output would’ve increased by 1.7% YoY.
Economist lowers Q2 2024 GDP growth forecast to 2.6% YoY
The forecast is lower than the government’s advance estimate of a 2.9% YoY growth.
Core inflation at 2.9% in June as prices retail, travel prices ease
Private transportation prices declined by 0.7% during the month.
MAS posts $3.8b net profit in FY23/24
It made investment gains of $12.7b.
Singapore's wealth management sector to sustain growth, says MAS director
This is despite the recent money laundering case.
Opportunities emerge for SMEs in Johor-Singapore SEZ: Maybank
The SEZ is expedcted to boost exchange of trade, labour and investments.
Analysts see H2 rebound for non-oil domestic exports
Sector to benefit from a more favourable global backdrop.
3 key areas public agencies need to prioritise
This includes the need for enhanced procurement and contract management.
Non-oil domestic exports fall 8.7% YoY in June
The decline in non-electronic NODX contributed largely to the drop.
Singapore GDP up 2.7% in Q1 2024
It was driven by the strong performance in the services and construction sectors.
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