Singapore economy

Singapore NODX growth eases y-o-y in Aug on electronics decline
SINGAPORE (Sept 17): Singapore’s non-oil domestic exports (NODX) for Aug 2018 grew 5% y-o-y, moderating from the 11% expansion in the previous month due to a decline in electronics, which fell 1.5% following the 5.8% decrease in the previous month. Diodes & transistors, parts of PCs and ICs fell by 28.8%, 47.8% and 1% respectively, contributing to the bulk of the decrease in electronic ...
Singapore’s labour market in ‘healthy’ mode even as 2Q unemployment rate for citizens rise
SINGAPORE (Sept 13): Singapore’s seasonally adjusted unemployment rate rose slightly in the second quarter ended June, reported the Ministry of Manpower in its quarterly Labour Market Report Second Quarter 2018 released on Thursday morning. The overall unemployment rate rose from 2.0% in March to 2.1% in June. Among residents, the unemployment rate rose from 2.8% to 2.9% while the ...
Singapore plans new bill to attract more of the world's millions
(Sept 11): Singapore, one of the world’s easiest places to do business, is making it simpler for investment managers to register funds locally as the city-state goes after a bigger slice of the US$69 trillion ($95 trillion) global asset-management industry. While many asset managers have offices in Singapore, most of their funds are still registered in offshore jurisdictions. A new corporate ...
Singapore employers report most optimistic hiring outlook since 2015: ManpowerGroup
SINGAPORE (Sept 11): Employers in Singapore continue to report stronger hiring intentions for 4Q18, according to data reported by workforce solutions company ManpowerGroup. Based on findings from the latest ManpowerGroup Employment Outlook Survey, Net Employment Outlook (NEO) was +13% after accounting for seasonal variation. This marks the third consecutive quarters of strengthening hiring ...
How the next step in literacy can make Singapore a Smart Nation
SINGAPORE (Sept 7): Hundreds of years ago, literacy was rare. The invention of the printing press resulted in more people reading as printed materials became available to a bigger part of the population. However, it wasn’t until books became widely available that literacy became widespread. A similar evolution is happening in data analytics. Just as literacy is the ability to derive ...
Expats love Singapore for quality of life, but less so for work-life balance and the locals: survey
SINGAPORE (Sept 6): Global expatriates (expats) continue to wax lyrical over Singapore’s political stability and great transportation infrastructure, although the city state is not without its flaws. According to the InterNations Expat Insider 2018 Survey, which surveyed over 18,000 expatriate respondents across 187 countries or territories, Singapore placed fifth out of 68 countries in the ...
Trade protectionism, China economy seen as increasingly risky to Singapore's GDP growth
SINGAPORE (Sept 5): The Singapore economy is forecast to expand by 3.2% this year before growth eases to 2.7% in 2019, according to the latest survey of economists and analysts conducted by the Monetary Authority of Singapore (MAS). Both full-year forecasts remain unchanged from the previous month’s survey, whose mean probability distribution reflected that the most likely outcome is for ...
Singapore's CPF ranked 9th pension fund in the world
SINGAPORE (Sept 3): Singapore’s Central Provident Fund ranked 9th in the global provision fund, according to the latest global 300 research from Willis Towers Watson’s Thinking Ahead Institute. The city state maintained its position from the previous year with its assets amounting to US$269.1 billion ($369 billion). This year, Asia featured prominently with a total of seven pension ...
ACE in partnership to strengthen startup ecosystems in Singapore and Austria
SINGAPORE (Aug 30): Singapore’s Action Community for Enterprise (ACE) today signed a memorandum of understanding (MOU) with Advantage Austria and Global Incubator Network (GIN) to strengthen the startup ecosystems of Singapore and Austria, as well as to facilitate market access between the two countries. Under the MOU, the companies will organise events and workshops to raise awareness of ...
Stubbornly strong Singapore dollar signals new inflation battle
(Aug 28): Singapore’s dollar is approaching the upper boundary of its trading band as speculation mounts that the central bank will boost the exchange rate for a second time this year to combat inflation. The currency last week reached a record high against a basket of major trading partners’ currencies, based on HSBC Holdings Plc’s model of the Monetary Authority of Singapore’s ...