Singapore economy

Singapore posts 3.8% growth in first quarter as risks abound
(May 21): Singapore’s economy grew at a faster pace in the first quarter than the government previously estimated, a sign of the city state’s resilience in the face of weaker global demand and a worsening US-China trade war. Gross domestic product rose an annualised 3.8% from the prior quarter, higher than the government’s earlier projection of 2% and above the median forecast of 2.3% in ...
Infrastructure developments the gateway to job creation and economic growth
SINGAPORE (May 13): The expansion of the construction sector for the first time in 10 quarters has provided relief to Singapore’s GDP. The sector grew 1.4% in the first quarter of the year, following a surge in non-residential developments as well as a reduced sluggishness in the residential property market segment, the Monetary Authority of Singapore (MAS) indicated in its latest half-yearly ...
March CPI eases on lower power prices; Best World not having the best of times
SINGAPORE (Apr 29): The Department of Statistics on April 23 released the Consumer Price Index (CPI) for March. Core inflation, which excludes housing and private transport costs, has eased to 1.4% from 1.5% in February. The slightly lower inflation is attributed to softer increases in electricity and gas tariffs, which offset the pickup in services and food inflation. The opening up of the ...
Jewel: Just one facet of growth
Changi Airport’s crowning asset has drawn admiring crowds and fawning reviews. But its shininess belies the deeper challenges Singapore faces in remaining relevant as a regional hub for business and tourism. SINGAPORE (Apr 22): By the time Jewel at Changi Airport officially opened for business on April 17, more than half a million people had streamed through its gleaming glass doors, eager ...
Heng sees solid Southeast Asia growth despite risks
(Apr 8): Singapore and other Southeast Asian economies are poised to remain resilient in the face of increasingly dour signs on the global economy, said Finance Minister Heng Swee Keat. Economies in the 10-member Association of Southeast Asian Nations “and Asean as a group both continue to grow quite well even this year and next,” Heng told Bloomberg Television’s Haslinda Amin on the ...
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; ...
Singapore exports recover but too early to cheer: Maybank
SINGAPORE (Mar 20): Singapore’s exports recovered in February following three straight months of decline but Maybank Kim Eng thinks it is still too soon to call this an inflection point. However, there are clear signs of rising FDI in manufacturing across Asean as companies look to relocate and diversify their production network and Singapore may benefit from higher manufacturing capacity ...
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 ...
Stick with quality as headwinds persist, says RHB
SINGAPORE (Mar 13): RHB Research says investors should stick with quality stocks on the Singapore market amid slowing economic growth and an uncertain external environment. Investors should also stay selective and focus on buying stocks that offer stable earnings, strong balance sheets, and sustainable dividends. In a Wednesday report, RHB is “overweight” on REITs, banks and the ...
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 ...