SINGAPORE: Key exports fell at a steeper rate in June in Singapore, its ninth straight month of decline, data from Enterprise Singapore (EnterpriseSG) show. Non-oil domestic exports (Nodx) shrank 15.5% year-on-year (y-o-y) in June, following a revised 14.8% fall in May. The drop was slightly less than the 15.6% fall forecast by analysts in a […]
Read MoreSINGAPORE’S economy grew 0.7 per cent year on year in the second quarter of 2023, dragged by a deeper downturn in the manufacturing sector, advance estimates from the Ministry of Trade and Industry (MTI) showed on Friday (Jul 14). This was a slight improvement from Q1’s 0.4 per cent year-on-year growth. On a seasonally adjusted […]
Read MoreSINGAPORE’S international visitor arrivals climbed to 1.13 million in June, exceeding the one-million mark for the fourth consecutive month and recovering from May’s slight dip. June’s reading was up from the 1.11 million recorded in the preceding month, based on the latest figures from the Singapore Tourism Board (STB) on Friday (Jul 14). It also […]
Read MoreTHE Monetary Authority of Singapore (MAS) will change the tax incentives it gives to single family offices in an effort to boost the hiring of locals and investment in the country’s equity markets. Tax incentives will also be adjusted to encourage these firms to invest in climate-related projects and undertake more philanthropy through Singapore, MAS […]
Read MoreSINGAPORE – Takings at the till fell in May, breaking a three-month streak of increases as overall retail sales continue to decelerate. Month on month, May’s overall takings decreased by 0.2 per cent from April on a seasonally adjusted basis. In comparison, April’s overall takings increased 0.3 per cent from March. However, retail sales for May grew […]
Read MoreTHE Monetary Authority of Singapore (MAS) on Wednesday (Jul 5) posted a net loss of S$30.8 billion for the financial year ended Mar 31, 2023, the largest loss it has ever recorded. This was largely due to the effects of monetary policy tightening to bring down inflation. “MAS is not switching from inflation-fighting mode to […]
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