Singapore economy

Singapore economy

Singapore exports retreat for eighth straight month, miss estimates with 12.3% drop in October

SINGAPORE (Nov 18): Singapore’s non-oil domestic exports (NODX) shrank 12.3% year-on-year in October on the back of declines in both electronic and non-electronic exports, according to official dat

Singapore economy

Singapore to deepen business ties with Shandong through collaboration

SINGAPORE (Nov 3): Singapore companies can soon offer professional financial, legal and listing services to Shandong firms looking to internationalise.

Singapore economy

Singapore manufacturing firms predict less favourable business outlook, lower output: EDB survey

SINGAPORE (Oct 31): More firms in Singapore’s manufacturing sector are predicting a less favourable business outlook in the next six months compared to 3Q19, according to a survey by the Economic D

Singapore economy

Singapore central bank sees economy undergoing 'fits and starts'

SINGAPORE (Oct 30): Singapore’s economic growth will remain uneven through the end of the year, with weakness concentrated in trade and manufacturing, before halting its downtrend in 2020, the cent

Singapore economy

Singapore factory output surprises with small gain in September

(Oct 25): Singapore’s factory output unexpectedly increased in September as a slump in electronics moderated and pharmaceuticals production surged.

Singapore economy

Singapore slowdown may be nearing end, central bank chief says

SINGAPORE (Oct 24): Singapore’s economy may be a few quarters away from a recovery as the decline in trade and manufacturing this year hasn’t really spread to other sectors, the central bank’s chie

Singapore economy

IMF cuts Singapore's 2019 growth forecast to 0.5%

SINGAPORE (Oct 23): The International Monetary Fund (IMF) has slashed its 2019 growth prediction for Singapore to 0.5%, down from its previous estimate of 2% in July.

Singapore economy

SMEs anticipate lower margins, higher costs amid weak global economy: SCCCI survey

SINGAPORE (Oct 21): Small and medium-sized enterprises (SMEs) are bracing themselves for a hit to profit margins and revenue amid a bleak economic outlook , according to a survey by the Singapore C

Singapore economy

NODX contracts for 7th straight month with 8.1% drop in Sept as Singapore fails to escape 'export doldrums'

SIGNAPORE (Oct 17): Singapore’s non-oil domestic exports (NODX) fell 8.1% year-on-year in September – marking the seventh consecutive month of contraction amid uncertainty surrounding the US-China

Singapore economy

Singapore 'lucky' if growth is positive in 2019, PM Lee says

(Oct 17): Prime Minister Lee Hsien Loong said Singapore will be “lucky” to see positive economic growth in 2019, casting a dark tone over the nation’s outlook as exports continue to slump.

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