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Singapore exports rocket, trade deficit turns surplus

Cambodian goods exports to Singapore reached $343.413 million in the first five months of 2023, up 508.3 per cent year-on-year from $56.451 million and up 1,313 per cent half-on-half from $24.31 million, tipping the trade balance for the January-May period in the Kingdom’s favour, provisional Customs (GDCE) data compiled in “International Merchandise Trade Statistics” bulletins […]

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Singapore GDP could slow to 0.4% in 2023, below official outlook: ICAEW, Oxford Economics

SINGAPORE’S economic growth could slow “significantly” to 0.4 per cent this year, even as it escapes a technical recession, the Institute of Chartered Accountants in England and Wales (ICAEW) said on Monday (Jun 26). ICAEW’s estimate, based on research by Oxford Economics that it commissioned, is lower than Singapore’s official gross domestic product (GDP) forecast […]

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