services sector

Singapore economy

3Q likely start of recovery for Singapore's economy

Following the historic y-o-y plunge of 13.3% in 2Q2020, Singapore’s economy moderated to shrink by 7% y-o-y in the third-quarter, according to official advance estimates.

Singapore economy

Covid-19 and trade tensions dampen Singapore firms' sentiments about 3Q2020

Services and manufacturing firms in Singapore are looking at dim prospects in the second half of this year as the Covid-19 health-turned-economic crisis continues to thwart their operations.

Singapore economy

Recovery in services sector could pave way for rosier economy in 2020: DBS

SINGAPORE (Dec 17): Singapore’s bottoming economy is set to have tepid recovery boosted by a revival of the services sector in 2020, analysts at DBS say.

Singapore economy

Singapore dodges recession; rosier growth expected in 2020, economists say

SINGAPORE (13 Dec): Singapore’s economy is likely to have dodged a recession this year, with private-sector economists expecting a full year growth of 0.7%, up from their initial 0.6% growth estima

Singapore economy

Singapore services sector revenue grows at a slower pace in 2Q19

SINGAPORE (Aug 27): Singapore’s services sector revenue rose 2.8% in 2Q19 compared to 2Q18, according to the latest Business Receipts Index (BRI) released by the Department of Statistics on Tuesday

Singapore economy

Services sector braces for less optimistic outlook in 2H19

SINGAPORE (July 31): Companies in the services sector are slightly less optimistic about business conditions in the second half of 2019, according to data released on Wednesday by the Singapore Dep

Broker's Calls

Singapore's GDP expected to remain resilient despite slower growth in 2Q

SINGAPORE (July 13): RHB Research is maintaining its forecast for 2018 GDP at 3%, given moderating exports and the shift towards a more moderate semiconductor cycle this year.

Why an economic-centric focus for Budget 2017 is in order

SINGAPORE (Feb 8): UOB is forecasting an overall budget surplus of $6.7 billion for FY16 -- 0.9% higher than the Singapore government’s estimate of $3.4 billion -- on expectations of higher contrib

Be informed of the stories that matter