Singapore economy

Genting Singapore inks new deal for $4.5 bil expansion of Resorts World Sentosa; exclusivity period for IR extended to end-2030
SINGAPORE (Apr 3): Genting Singapore is committing to an investment of some $4.5 billion for the expansion of the integrated resort (IR) at Resorts World Sentosa (RWS), which will see the property increase its gross floor area by approximately 50%. In view of the substantial investment and to provide business certainty, the government has agreed to extend the exclusivity period for the two ...
MAS seen to maintain monetary policy stance as growth slows sharply: Maybank
SINGAPORE (Apr 3): Maybank Kim Eng expects the Monetary Authority of Singapore to maintain its current monetary policy stance at the April meeting as growth slows sharply and core inflation eases. This comes after two straight tightening moves in Apr and Oct last year, when the MAS steepened the S$NEER appreciation bias slightly. Dampening growth outlook is a stronger Singapore dollar; ...
Investment banking fees fall a quarter to US$173 mil in 1Q: Refinitiv
SINGAPORE (Mar 28): Singapore investment banking activities generated US$172.8 million ($234 million) in fees in the first quarter ended Wednesday, which was 24.8% lower compared to a year ago. This according to the latest 1Q19 Singapore Investment Banking Review preliminary data published yesterday by Refinitiv, formerly the Financial and Risk Business of Thomson ...
Singapore will invest $724 million in technology transformation
(Mar 28): Singapore will allocate $724 million under a current plan to transform its economy into one that relies more on fields such as research and on companies that create new markets and jobs. The additional investment includes $500 million for digital technologies such as artificial intelligence, super-computing and robotics under the five-year plan ending 2020, a government advisory ...
Singapore to have more CBD living, go underground to free space
SINGAPORE (Mar 27): The garden city of Singapore wants to be even more green. It also wants more homes in its central business district, and plans to move facilities underground to free up living space. As part of the plan to rejuvenate Singapore’s central area, a variety of homes and amenities in areas such as downtown, Marina South and Rochor will be planned so more people can live near ...
Singapore among those most vulnerable to growth deceleration as China demand cools: Moody’s
SINGAPORE (Mar 20): Singapore is among Asia Pacific countries that are most vulnerable to falling trade volumes globally in part due to ongoing tensions between the US and China, says ratings agency Moody’s Investors Service in a Tuesday report. “Given the uncertain outlook for growth and trade policy, as well as generally tighter financing conditions, slower investment growth will amplify ...
Singapore's 2019 GDP growth forecast to moderate to 2.4% on external headwinds
SINGAPORE (Mar 18): The Institute of Chartered Accountants in England and Wales (ICAEW) is expecting Singapore’s GDP growth to moderate to 2.4% in 2019 from 3.2% in the previous year, against the backdrop of a more challenging environment for exports and the manufacturing sector. This is according to the institute’s latest Economic Insight: South-East Asia report, which is produced by ...
Singapore expected to be among top 10 listing destinations in 2030: PwC
SINGAPORE (Mar 13): Apart from their own exchanges, more issuers would consider listing on the Singapore Exchange (SGX) in 2030 on the back of increasing focus on the Southeast Asian market, according to a new PwC report, Capital Markets in 2030. In a survey of nearly 400 executives at companies from across the globe, the report found that 15% of issuers would consider listing on SGX in 2030 ...
Singapore has the highest quality of living in Asia: Mercer
SINGAPORE (Mar 13): Singapore has been ranked the city with the highest quality of living in Asia, according to Mercer’s 21st annual Quality of Living survey. Following closely behind the city state are five Japanese cities of Tokyo, Kobe, Yokohama, Osaka and Nagoya, and then Hong Kong and Seoul. Mario Ferraro, Regional Practice Leader for Mercer Global Mobility – Asia, Middle East, ...
Singapore 2019 growth trimmed to 2.5% by forecasters; easing of US-China tensions seen as upside risk: MAS survey
SINGAPORE (Mar 13): The Singapore economy is expected to expand by 1.9% y-o-y in 1Q19, according to the March survey of professional forecasters by the Monetary Authority of Singapore (MAS). This is lower than the 2.4% forecast in the December 2018 survey. For 2019, GDP growth is expected to come in at 2.5%, a slight downgrade from the previous survey. Based on mean probability ...