Economy
Singapore allocates S$150m for AI development
Singapore's Prime Minister, Lawrence Wong, has announced a S$150m allocation for a new Enterprise Compute Initiative as part of the Budget 2025, aiming to enhance...
RHB forecasts 2% growth in Singapore’s NODX for 2025
RHB Bank has projected a 2% growth in Singapore's non-oil domestic exports (NODX) for 2025, according to its latest Global Economics and Market Strategy Report....
Singapore’s NODX sees January decline amidst base effects
Singapore's non-oil domestic exports (NODX) experienced a contraction of 3.3% month-on-month in January, according to a report by UOB Global Economics and Markets Research. This...
Singapore’s non-oil exports fall 2.1% in January
Singapore's non-oil domestic exports (NODX) experienced a 2.1% decline in January 2025 compared to the same month last year, according to the latest data released...
RHB forecasts Singapore’s GDP growth at 3% for 2025
RHB Bank has maintained its forecast for Singapore's gross domestic product (GDP) growth at 3.0% for 2025, according to its latest Global Economics and Market...
UOB warns of growth risks amid trade tensions
Singapore's economy, which saw a robust 5.0% year-on-year growth in the fourth quarter of 2024, may face significant challenges in 2025 due to escalating trade...
UOB study reveals SME and large enterprise outlook for 2025
UOB's Business Outlook Study 2025, conducted in January, surveyed 900 businesses across Singapore, revealing that more than 80% of companies have applied or intend to...
Singapore economy grows 5% in Q4 2024
Singapore's economy demonstrated robust growth in the fourth quarter of 2024, expanding by 5% compared to the same period last year. This performance aligns with...
Over 2 million employees to benefit from prefilled tax returns
The Inland Revenue Authority of Singapore (IRAS) has announced that more than 2 million employees will benefit from prefilled tax returns in 2024, as part...
Singapore Budget FY 2025 to focus on key priorities
Singapore is expected to run a budget deficit of 0.8% of its Gross Domestic Product (GDP) in the financial year 2025, according to RHB Bank's...
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