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Uneven growth seems to be new normal for Singapore economy

SINGAPORE – Manufacturing – now the brightest spot in the Singapore economy – turned in yet another outstanding performance last month, thanks largely to electronics makers. This allayed some concerns that factories, which have been a key growth driver this year, might be losing steam. Even if manufacturing continues powering ahead, however, the fact remains […]

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Singapore carrier plans to fly to Cambodia, Laos

Singapore-based airline Scoot, a low-cost carrier, announced its intention to expand its services into Cambodia and Laos, according to a report in Thai newspaper the Nation. Currently, Scoot has scheduled flight services to 65 destinations including Vietnam, Myanmar and Thailand. The company said that it has plans to include flights to Cambodia and Laos over […]

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Over 8,300 SMEs to benefit from industry-led projects: Spring, IE Singapore

SINGAPORE – More than 8,300 local small and medium-sized enterprises (SMEs) are expected to benefit from a slew of projects led by trade associations and chambers (TACs) in the year since May 2016. The projects focus on areas such as productivity improvements, access to markets, digitalisation and technology adoption, said Spring Singapore and International Enterprise Singapore. Altogether, […]

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Singapore economy grows 2.5 % y-o-y in Q2

SINGAPORE’S economy grew 2.5 per cent compared to a year ago in the second quarter of 2017, based on advance estimates of gross domestic product (GDP) released by the Ministry of Trade and Industry (MTI) on Friday. The latest print was lower than market consensus and was the same pace of growth clocked in the […]

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Singapore Softens Stance in Tax Cooperation

TEMPO.CO, Jakarta – Finance Minister Sri Mulyani Indrawati assured that the negotiation of tax cooperation between Indonesia and Singapore is running smoothly. The Indonesian government is currently registering the wealth of Indonesian citizens in Singapore. “We are applying the principle that is mentioned in the Base Erosion and Profit Shifting (BEPS),” said Sri Mulyani on Thursday, July 13. BEPS was formed as a […]

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