Economy

Singapore and Ghana enhance trade and carbon credit cooperation

MTI vowed to expedite the Singapore-Ghana Implementation Agreement.

PM Wong’s National Day pledge says gov’t will “redouble efforts” to stabilise cost of living

The government will combat inflation through support measures such as CDC vouchers and cash payouts.

PMI rises to 50.7, marking faster expansion in July

The faster expansion rate in indexes such as new orders helped boost the PMI.

Lower-than-expected labour stats offset inflation risks

The core inflation forecast remains at 3.3%.

Singapore, US ink nuclear cooperation agreement

They have been collaborating on nuclear issues over the past decade.

Singapore and Guangdong to boost bilateral trade with new projects

The two economies signed 20 projects in sustainability, health, and agritech.

Singapore sees stronger employment growth in Q2 2024

The number of employed individuals rose by 11,300.

MAS likely to keep restrictive slope amid rising imported inflation

Policy normalisation, however, could take place in October.

Manufacturing output drops 1.6% YoY in June

Excluding the biomedical manufacturing segment, output would’ve increased by 1.7% YoY.

Economist lowers Q2 2024 GDP growth forecast to 2.6% YoY

The forecast is lower than the government’s advance estimate of a 2.9% YoY growth.

Core inflation at 2.9% in June as prices retail, travel prices ease

Private transportation prices declined by 0.7% during the month.

MAS posts $3.8b net profit in FY23/24

It made investment gains of $12.7b.

Opportunities emerge for SMEs in Johor-Singapore SEZ: Maybank

The SEZ is expedcted to boost exchange of trade, labour and investments.

Analysts see H2 rebound for non-oil domestic exports 

Sector to benefit from a more favourable global backdrop.

3 key areas public agencies need to prioritise 

This includes the need for enhanced procurement and contract management.