Singapore economy

Singapore best prepared city in Asia to manage a crisis
(Nov 15): As the saying goes, it pays to be prepared, and Singapore takes top spot in that regard, according to a new report from Cushman & Wakefield Inc. The "Prepped Cities Index" ranks 17 cities in the Asia Pacific region on their preparedness for things like terrorism and environmental and macroeconomic events. Singapore is No. 1 for its government’s ability to provide multinational ...
Medical inflation in Singapore expected to hover at 10%: Aon
SINGAPORE (Nov 14): Medical plan costs paid by employers in Singapore are set to increase at 10% in 2019 unchanged from this year, despite lower projected general inflation of just 1%. More specifically, cancer and cardiovascular issues will be the top conditions driving up medical plan costs in the republic. These figures and facts were according to the 2019 Global Medical Trend Rates ...
Singapore General Election in 2019 'always possible', Lee says
SINGAPORE (Nov 7): Singaporeans could go to the ballot boxes sooner than expected. A general election next year is "always possible". Singapore Prime Minister Lee Hsien Loong told Bloomberg Editor-in-Chief John Micklethwait in an interview at the New Economy Forum in Singapore. Polls must be held by early 2021. "There are many reasons to bring elections forward, or not, so we’ll see,” ...
Singapore assessing 2019 forecasts with trade war risks in view
SINGAPORE (Nov 5): Singapore may need to review its economic growth projections for next year as a trade spat between the world’s two biggest economies increases uncertainty and crimps business investment, the city state’s finance minister said. “In the short run, the impact is not fully felt yet," with Singapore retaining its growth forecast for this year at 2.5% to 3.5%, Heng Swee Keat ...
Singapore one of top 3 places in the world to do business: World Bank
(Nov 1): China is closing the gap with its chief economic rival the US as a hassle-free place to do business. In the World Bank’s annual ranking of bureaucracy-busting economies, New Zealand again claimed the top spot after making it cheaper to set up a company. But China, as well as India, vaulted up the rankings with wide-ranging reforms designed to give businesses and entrepreneurs fewer ...
Singapore set for slower but 'enduring' growth: MAS
SINGAPORE (Oct 26): Singapore's economy is poised for slower but "enduring" growth even as trade tensions remain at the forefront of considerations for global growth prospects, the city-state’s central bank sid in a Friday report. Singapore’s economy will likely grow in the upper half of the earlier forecast range of between 2.5% and 3.5% this year, before moderating slightly in 2019, the ...
Singapore Sept factory output falls 0.2% y-o-y, misses forecasts
SINGAPORE (Oct 26): Singapore's industrial production unexpectedly fell in September from the year earlier as manufacturing in the electronics and pharmaceutical sectors took a dip, data showed on Friday. Manufacturing output in September fell 0.2% from a year earlier, data from the Singapore Economic Development Board showed, contracting from the revised 3.7% growth seen in August and missing ...
Singapore AUM up 19% to $3.3 trillion in 2017: MAS
SINGAPORE (Oct 25): Singapore’s asset under management (AUM) climbed 19% y-o-y to hit $3.3 trillion in 2017, according to the Monetary Authority of Singapore (MAS) in a new report published Thursday. Growth in Singapore’s asset management industry was broad-based across traditional and alternative assets, the central bank says. This was on the back of higher valuations and inflows to Asian ...
Dyson to open first electric car plant in Singapore
SINGAPORE (Oct 23): Dyson has chosen Singapore as the location to build its first advanced automotive manufacturing facility. The bespoke two-storey building is expected to be completed in 2020. See: How about an all-electric car-lite Singapore? Dyson plans to invest £2 billion ($3.6 billion) to build its own electric vehicle with £1 billion going into battery technology and the other ...
Singapore to play investment broker in Asia infrastructure push
(Oct 22): Singapore plans to spur investment in much-needed infrastructure in Southeast Asia by helping to structure projects to make them more “bankable,” a senior official said. A new government agency called Infrastructure Asia will help connect the “supply and demand” for these projects, Indranee Rajah, Singapore’s second minister for finance, said in an interview on Monday with ...