Economy and Business Archives -

Singapore finance and insurance sector grew 6.2% in Q2

Singapore’s finance sector grows on lending and wealth inflows; GDP forecast raised as AI boom drives broader economic expansion.

Singapore’s 2026 growth forecast raised to 4.5%–5.5%, with Nomura projecting 5.7% amid AI boom and resilient demand.

Grab Q2 profit jumps to $235m, boosted by Superbank consolidation, higher revenue, and strong user growth across on-demand services.

Singapore leads ASEAN in consumer confidence due to positive economic conditions, boosting retail spending and regional consumption patterns.

Singapore food companies expand internationally while retaining key operations at home, balancing growth and control effectively.

Singapore banks plan to enhance cash accessibility by providing ATMs near public housing by 2027, balancing digital and physical services.

Singapore ranks sixth globally in average wealth per person for 2025, reflecting strong economic fundamentals and resilience amid uncertainties.

HSBC launches TradeCash in Singapore to enhance working capital access and improve business liquidity through digital trade finance.

Singapore ranks first in Southeast Asia for business environment, attracting global investors with strong fundamentals.

Singaporean companies are relocating to Johor for lower costs, enhancing economic ties and competition in the region.