sin02
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Singapore firms must transform for productivity amid economic uncertainty: SNEF

THOUGH economic conditions have become gloomier, firms should press on with transforming for productivity, said Singapore National Employers Federation (SNEF) president Robert Yap in his May Day Message on Thursday (Apr 27). He noted that while Singapore’s economic growth and labour market improved – employment grew while unemployment and retrenchment fell – in 2022, productivity […]

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Singapore doubles property tax on foreigners to 60pc

Singapore | Singapore is raising property taxes to cool its red-hot housing market, amid mounting concern that an influx of wealth into the city-state is hurting affordability for locals and its competitiveness as a financial hub. The government is increasing stamp duties for second home buyers and foreigners purchasing private property, it said in a statement. […]

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Singapore factory output falls 4.2% in March in sixth month of contraction; economists expect slump to continue

SINGAPORE’S manufacturing output contracted less than expected in March, but economists expect the industry’s slump to continue for at least the first half of 2023. Industrial production fell 4.2 per cent year on year in March, marking the sixth straight month of contraction, according to data from the Singapore Economic Development Board (EDB) on Wednesday […]

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