SINGAPORE: Singapore’s January non-oil domestic exports increased 12.8% from a low base last year, official data showed on Wednesday, driven by shipments of specialised machinery, non-monetary gold, petrochemicals and electronics. It marked the quickest pace of growth since June, and compared with economists’ expectations for a 5.4% rise, according to a Reuters poll. Exports climbed […]
Read MoreDECIDING on the timing of the Goods and Services Tax (GST) could prove to be a delicate challenge for the Singapore government, which is sandwiched between not just fiscal and political pressure but now recessionary pressure as well. Tax analysts that The Business Times spoke with appear divided on where the sweet spot lies, with […]
Read MoreSINGAPORE: Singapore has maintained its forecast for the economy to grow gradually this year out of its worst recession, and signalled continued support for the unemployed and vulnerable sections of the population. The economy will grow by 4.0% to 6.0% this year, said the Trade and Industry Ministry (MTI) yesterday, sticking to its forecast announced […]
Read MoreTHE Ministry of Trade and Industry (MTI) is maintaining Singapore’s gross domestic product (GDP) growth forecast at 4 to 6 per cent for 2021. For 2020 as a whole, the Singapore economy contracted by 5.4 per cent, a reversal from the 1.3 per cent growth recorded in 2019. In its report released on Monday, MTI’s […]
Read MoreSINGAPORE: Singapore restaurant owners face a gloomy Lunar New Year, with Covid-related interruptions signalling that even countries with a good handle on cases will suffer until the pandemic is under control globally. A labour-supply crunch in the food and beverage sector and government restrictions on office-sponsored parties will weigh even more on a sector that’s […]
Read MoreSINGAPORE: Countries could relax border controls and allow more travel if there’s a set of standards for vaccine certification that immigration authorities can use to help determine entry policies, Singapore Transport Minister Ong Ye Kung said. “That is really the light at the end of the long tunnel, ” Ong said in an interview with […]
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