Economy

MOF to strengthen business ecosystem in 2 areas

These are the corporate government regime and efficiency of processes.

MOF to strengthen business ecosystem in 2 areas

These are the corporate government regime and efficiency of processes.

SG still the most liveable location for ex-pats: ECA

Amid lower scores, Singapore remained the top choice for East Asian ex-pats.

Development charge rates for commercial industry, residential raised

Real estate experts say these hikes were within expectation. 

Bank, trade sanctions to counter peaceful settlement in Ukraine: Russia

The Russian Embassy posted its reaction to Singapore's sanctions on Facebook. 

How the Russia-Ukraine conflict will affect the economy

The crisis has clouded SG’s economic outlook, according to Trade Minister Gan.

SG climbs to 7th rank in City Wealth Index

The city also overtook Hong Kong as the second top Asian city.

Crazy Rich Singaporeans: Ultra-wealthy population to almost triple by 2026

In 2021, the ultra-wealthy population saw an 8.6% increase to 4,206. 

Singapore, Vietnam sign MOU to boost economic, trade ties

This includes managing business partnerships and deepening agri-trade cooperation. 

Chart of the day: Service industry business receipts grew 15.4% YoY in 2021

The business receipts indices from 2019 to 2021 showed an upward trajectory.

Government to block certain Russian banks, financial transactions

It is also imposing export controls on items that can be used as weapons.

SG signs digital economy deal with UK

The agreement included cooperation on innovations like AI and fintech.

Financial services M&A deals reached $12.61b in 2021: KPMG

The deal value skyrocketed from $2.86b in 2020.

Inflation rises at fastest pace in nine years at 4%

The accelerating CPI was driven by higher food and oil prices.

Chart of the day: Budget deficit to hit $3b in FY22

This is on the back of an expected increase in total expenditures and operating expenses.

Market update: STI down 0.2%

Keppel DC Reit was seen with the most decline.

Gov't to shift towards medium-term challenges with budget 2022: Fitch

The budget also confirms the substantial progress towards fiscal consolidation in FY21.

How will the 2022 budget benefit Singapore's position as Asia's carbon trading hub?

The $45/ton CO2e carbon tax rate will be above the current global median.