SingaporeEconomy

Singapore Adjusts Currency Settings in Response to U.S. Tariffs

1 month ago

In a significant move aimed at countering potential growth risks posed by U.S. tariffs, the Monetary Authority of Singapore (MAS) has decided to ease its currency policy. This decision is part of a broader strategy to bolster the city-state’s economy amidst increasing global trade tensions.

Corporate Insolvencies in Singapore Surge to Highest Levels Since 2010

3 months ago

In a striking development, the corporate landscape in Singapore is facing significant turmoil as insolvency cases have surged to their highest levels since 2010. This alarming trend has raised concerns among economists and business leaders, signaling potential economic challenges ahead for the city-state.

Singapore's Economic Resilience Shines Amid Trade War Uncertainties

3 months ago

As 2024 drew to a close, Singapore's economy showcased commendable robustness, with key indicators reflecting a positive trajectory. Despite looming challenges posed by escalating trade tensions, the city-state's performance signals strong underlying fundamentals. Notably, various sectors demonstrated resilience, contributing to a strong year-end economic standing.

Singapore's Economic Surge: GDP Grows by 4.3% in Last Quarter of 2023

5 months ago

Singapore's economy has shown robust growth as the country's gross domestic product (GDP) expanded by an impressive 4.3% in the last quarter of 2023. This notable increase reflects a strong performance that has outpaced initial predictions from economists and market analysts. With this growth, Singapore has not only demonstrated resilience amidst global economic uncertainties but has also positioned itself for a promising outlook going into 2024.

Singapore's GDP Recovers with Strong Manufacturing Performance: A 2.1% Growth in Q3

7 months ago

In a promising sign for the Singaporean economy, the nation's gross domestic product (GDP) rose by 2.1% in the third quarter of 2023. This growth, reported by the Ministry of Trade and Industry, was largely propelled by a substantial rebound in the manufacturing sector, which has been a critical pillar of Singapore's economic landscape.