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Singapore economy

Singapore imposes new rules on family offices as Hong Kong recovers from Covid-19

New rules that kicked in April 18 will mean that family offices face a stricter regime to enjoy tax-exempt incomes.

Singapore economy

Singapore's March retail sales surprises on upside with 8.7% y-o-y growth

UOB economist Barnabas Gan is estimating that Singapore’s retail sales will expand by another 6.0% in 2022.
Easing of restrictions brings cheer to economy but rising inflation remains a challenge - THE EDGE SINGAPORE

Singapore economy

Easing of restrictions brings cheer to economy but rising inflation remains a challenge

MAS is maintaining its forecast for Singapore’s GDP growth at 3% to 5% this year, barring an escalation in tensions between Russia
Singapore's economic growth to hit 3% to 5% in 2022; inflation still a pressing concern - THE EDGE SINGAPORE

Singapore economy

Singapore's economic growth to hit 3% to 5% in 2022; inflation still a pressing concern

Singapore’s economy is seemingly on track to continue its expansionary path in the coming quarters
Singapore’s manufacturing sector sees 3.4% growth in March - THE EDGE SINGAPORE

Singapore economy

Singapore’s manufacturing sector sees 3.4% growth in March

Excluding the biomedical manufacturing sector, output surged by 9.7% y-o-y.
Peak in inflation yet to come as Singapore’s core and headline inflation jumps to 10-year high - THE EDGE SINGAPORE

Singapore economy

Peak in inflation yet to come as Singapore’s core and headline inflation jumps to 10-year high

March’s figures for both core and headline inflation stood at 2.9% and 5.4% respectively.

Singapore economy

60% of SME employees more willing to join a company that provides medical benefits

Almost 40% of employees say they are more likely to stay in a company that provides the same benefits.
Analysts keep NODX estimates for 2022 unchanged amid easing NODX growth in March - THE EDGE SINGAPORE

Singapore economy

Analysts keep NODX estimates for 2022 unchanged amid easing NODX growth in March

Maybank Securities is keeping its NODX growth forecast at 4%-6%; OCBC's is unchanged at 4%-8%; UOB's forecast remains at 2.0%.

Singapore economy

Singapore is willing to live with Covid. Inflation? Not so much

Singapore is now committed to living with Covid. It would prefer not to live with high inflation: Bloomberg's Daniel Moss
Singapore's March NODX eases further with 7.7% growth - THE EDGE SINGAPORE

Singapore economy

Singapore's March NODX eases further with 7.7% growth

On a m-o-m seasonally adjusted basis, March’s NODX fell by 2.3%, following the 2.9% m-o-m decline in February.
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