Economy

Hong Kong trumps Shanghai, Singapore as most costly city for luxury living

According to the latest Julius Baer wealth report, Hong Kong displaces Shanghai and Singapore as the most expensive cities for high net worth individuals in Asia.

Oct 17, 2017

By Kiersnerr Gerwin Tacadena

Singapore economy expands by 4.6% in Quarter 3

Advanced economic estimates from the Singapore's Ministry of Trade and Industry (MTI) showed that the city-state's gross domestic product (GDP) expanded by 4.6% in the third quarter of 2017.

Oct 16, 2017

By Kiersnerr Gerwin Tacadena

Singapore central bank keeps rates on hold; sees "firm" growth in 2018

The Monetary Authority of Singapore (MAS) kept the monetary policy unchanged on Friday, but left room to tighten in future because of stronger economic growth.

Oct 13, 2017

By Aastha Agnihotri

Singapore monetary policy on Oct 13: Here's what to expect

Private sector economists expect Singapore's growth to quicken to 3.1 percent in the three months to September, according to an analyst poll.

Oct 12, 2017

By Aastha Agnihotri

Did Trump challenge Tillerson to IQ test? Find out here

U.S. President Donald Trump has challenged his secretary of state to "compare IQ tests", if Rex Tillerson did call the president a "moron" as alleged.

Oct 11, 2017

By Aastha Agnihotri

US President Donald Trump and PM Lee Hsien Loong

All you need to know about PM Lee's visit to White House on Oct 23

Singapore Prime Minister Lee Hsien Loong will meet U.S. President Donald Trump at the White House on October 23.

Oct 11, 2017

By Aastha Agnihotri

Singapore central bank to spearhead harnessing of blockchain tech for interbank payments

The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) are commencing the second phase of Project Ubin as they explore the use of blockchain tech in interbank payments.

Oct 6, 2017

By Kiersnerr Gerwin Tacadena

Singapore assets under management growth declines year-on-year

Singapore to unveil Q3 advance GDP estimates, policy decision on Oct 13

The government will release Singapore's third-quarter advance growth estimates and monetary policy decision on October 13 at 8am local time.

Oct 6, 2017

By Aastha Agnihotri

PM Lee to attend lunch hosted by Japan's Emperor Akihito, plans to meet PM Abe

Deal signed to improve Singapore-Japan tech, economic partnership

The Action Community for Entrepreneurship (ACE) and the Fukuoka City Government have signed a partnership in the efforts to improve the startup ecosystem in Singapore and Japan.

Oct 2, 2017

By Kiersnerr Gerwin Tacadena

Singapore launches shuttle bus service between Changi Airport, Tanah Merah Ferry Terminal

Private road transport costs drag Singapore inflation to 0.4 percent

Singapore's consumer price index (CPI) moderated in August due to lower inflation was seen in private road transport and food segments.

Sep 26, 2017

By Peter Del Rosario

Electronics industry transformation to produce 2,100 new jobs for Singaporeans

The Singapore government unveiled the electronics industry transformation map (ITM) that outlines its strategies and plans for the sector, including the creation of 2,100 new jobs and achieving a value-add of $22.2 billion by 2020.

Sep 20, 2017

By Peter Del Rosario

Cashless payments to spur 9% growth in Singapore banks' profits

Cashless payments in Singapore could lead to an increase in bank profits by as much as 9%, Maybank Kim Eng analyst said.

Sep 20, 2017

By Peter Del Rosario

Singapore's PM China visit: 5 things you need to know

Singaporean Prime Minister Lee Hsien Loong met Chinese Premier Li Keqiang on Tuesday, beginning his three-day official visit to the country.

Sep 20, 2017

By Aastha Agnihotri

Singapore joins IEA as SE Asia oil demand set to rise 80% by 2040

Singapore: Stellar electronics sector boosts non-oil domestic exports in August

Singapore's non-oil domestic exports have seen a stronger improvement in August than it had in the preceding month registering a 17 percent expansion

Sep 19, 2017

By Peter Del Rosario

Who are the Rohingya and why are so many fleeing Myanmar?

What caused Myanmar's Rohingya crisis?

Myanmar's Rohingya crisis has escalated over the past three weeks, with the United Nations estimating more than 400,000 Rohingya Muslims having fled the hostility in Rakhine to Bangladesh.

Sep 19, 2017

By Aastha Agnihotri