Economy

What do the Big Four have to say about the Singapore Budget 2022?

Businesses were urged to plan ahead as GST rate hike gets delayed.

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.