Singapore economy

Singapore’s GDP is slated to contract between 4.5% and 5.5% year-on-year in the ongoing 3Q2020 which ends on September 30, CGS-CIMB Securities estimates.

Singapore’s asset under management (AUM) climbed 15.7% y-o-y to $4 trillion in 2019, according to the Monetary Authority of Singapore (MAS) in a report released on September 30.

The Singapore government will spend $2.2 billion over the next three years to improve a medical insurance plan for the country’s citizens and residents amid the economic impact of the coronavirus.

Goldman Sachs Group Inc. is joining the likes of JPMorgan Chase & Co. and BNP Paribas SA in setting up a foreign-exchange trading and pricing platform in Singapore.

Enterprise Singapore (ESG) and Innovation Norway have signed a memorandum of understanding (MOU) on September 29 to strengthen innovation collaboration between Singapore and Norway.

Singapore’s central bank is in talks with lenders about extending the nation’s debt moratorium program beyond Dec.

Singapore’s factory output snapped out of a three-month losing streak with a 13.7% year-on-year expansion in August.

Singapore and Japan have agreed to launch a residence track for business executives and business professionals who are work pass holders.

Singapore’s total population has fallen for the first time in 17 years as the economic fallout from the coronavirus pandemic saw fewer foreigners working in the city-state.

Singapore’s core and headline inflation remained in the red for the seventh straight month in August 2020, but eased slightly from the decade-low numbers seen in July.