Economy
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...
Singapore retail sales fall 2.9% in December 2024
Retail sales in Singapore experienced a decline of 2.9% in December 2024 compared to the same month in 2023, according to the latest figures released...
Singapore retail sales face challenges, hope for 2025
Singapore's retail sector experienced a challenging year in 2024, with sales contracting for two consecutive months, according to a report by UOB Global Economics and...
Singapore retail sales dip 2.9% in December 2024
Singapore's retail sector experienced a downturn in December 2024, with sales dropping by 2.9% compared to the same month in 2023, according to the latest...
Singapore pledges US$87m to IDA21 replenishment
Singapore's Second Minister for Finance, Indranee Rajah, announced in Parliament on 4 February 2025 that Singapore will contribute up to US$87 million to the International...
Singapore’s SG60 budget to address economic challenges
Singapore's upcoming Budget 2025, set to be unveiled by Prime Minister and Finance Minister Lawrence Wong on 18 February, is anticipated to register a $6b...
MSMEs in Singapore and Indonesia embrace sustainability
Micro, Small, and Medium Enterprises (MSMEs) are pivotal to the economies of Southeast Asia, with Singapore's SMEs employing two-thirds of the workforce and contributing nearly...
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