PRIVATE-SECTOR economists have sharply lowered their full-year growth forecast for Singapore to 0.6 per cent, down from an earlier 2.1 per cent prediction in June, in the Monetary Authority of Singapore’s (MAS) quarterly survey of professional forecasters on Wednesday. This is in line with the government’s official forecast range of growth between zero and 1 […]
Read MoreSINGAPORE: Economists have sharply cut their forecasts for Singapore’s economic growth in 2019, citing trade tensions and a slowing China as the top risks to the financial hub, a central bank survey showed on Wednesday. Singapore’s gross domestic product is expected to increase 0.6% this year, according to the median forecast of 23 economists surveyed […]
Read MoreThe Hanoitimes – Southeast Asia’s startup space has been led by Indonesia and Singapore, which claim six of the eight regional unicorns. Vietnam, however, “certainly has the potential to establish itself as Southeast Asia`s next leading startup ecosystem,” noted a joint research by ESP Capital and Cento Ventures. Out of US$5.9 billion invested in Southeast Asian […]
Read MoreSINGAPORE – Sentiment among Singapore manufacturers saw a marginal improvement in August but remained in negative territory for the fourth consecutive month as the escalating US-China trade war continued to cast a shadow on the sector. Singapore’s Purchasing Managers’ Index (PMI) – an early gauge of factory activity – edged up by 0.1 point from the previous […]
Read MoreSINGAPORE: Singapore needs to remain open to skilled foreign workers, especially in the technology sector, in order to ensure the economy stays a globally competitive one, the nation’s trade minister said. The city state couldn’t afford to take an “inward-looking, protectionist approach” like some countries that have put up barriers to protect local industries and […]
Read MoreSINGAPORE — A Singapore startup recently raised $6 million to keep Singapore and perhaps other Asian nations from falling prey to the global cashless payments steamroller. soCash is also out to make ATMs unnecessary. Its app allows users to make bank account withdrawals at shops, cafes and grocery stores. The company claims receiving money from merchants […]
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