Ministry of Trade and Industry

Singapore's government arm that promotes economic growth, and creates jobs, to enable Singaporeans to improve their lives.

See below for the Latest Ministry of Trade and Industry News, Analysis, Profit Results, Share Price Information, and Commentary.

Accession process underway for Costa Rica’s DEPA application

DEPA is composed of Singapore, Chile, and New Zealand.

Taking ‘overly prescriptive approach’ in encouraging startups to list locally may stifle growth: gov’t

The number of Singapore’s IPOs and proceeds raised has been declining since 2021.

Gov't to form committee to review SG's anti-money laundering regime

Second Minister for Finance, Indranee Rajah, will head the committee.

Inflation eases to 4.0% in August

MTI attributed the moderation to lower core and accommodation inflation.

SG, Indonesia ink pact on low carbon energy

The pact brings SG a step forward to its target to import up to 4GW of low-carbon electricity by 2035.

Singapore to bridge Africa-Asia trade – Minister Yong

Singapore has about 100 companies operating in 40 African countries.

Singapore, Vietnam boost bilateral cooperation

They signed deals to improve relations in the green and digital economy, and innovation.

SG, Vietnam boost cooperation in new and emerging sectors

Amongst sectors where the two countries will collaborate include energy connectivity.

SG, India kickstart cross-border trade financing

The countries had their first live transaction using the TradeTrust Framework.

ASEAN signs upgrade for Australia, NZ free trade area deal

It will boost the essential goods supply chain, and prioritise trade and sustainability.

Singapore, Sri Lanka sign MOU for carbon credits collaboration

The partnership is in line with the Article 6.2 of the Paris Agreement.

Singapore, Chile sign MOU for carbon markets, pricing collaboration

The markets will identify project opportunities and share best practices.

MTI narrows 2023 GDP growth forecast range to 0.5%-1.5% 

‘Weak external demand outlook’ for the rest of 2023 was cited as the reason for the move.

Inflation eases to 4.5% in June

MTI attributed the moderation to lower food and services inflation.

SG, Vietnam ink 12 deals for digital talent development and investment for businesses

One of the memorandum of understanding offers upskilling for 5,000 businesses.