The total tax revenue accounted for 77.6% of the government’s operating revenue and 11.9% of Singapore’s GDP. Additionally, the tax authority disbursed nearly S$2.3 billion in payouts
Category: Economy
Banking and Finance
Continue Reading
Loans to female entrepreneurs up 30% post-SME programme: OCBC
Number of loans to female entrepreneurs rises over 30% after launch of SME programme in April: OCBC – make this shorter in 9 words
Economy
Continue Reading
Singapore economy grew by 3% year-on-year
Singapore’s economy grew 3% in H1 2024, with Q2 slowing slightly. Manufacturing contracted, but external demand remains resilient amid global risks
Economy
Continue Reading
JPMorgan’s Jamie Dimon: Do not overreact too much about market fluctuations
Jamie Dimon downplays market volatility and potential Fed rate cuts, suggesting their impact is overstated and primarily psychological
Economy
Continue Reading
Singapore’s Labour Market Sees Robust Growth in Q2 2024
Singapore’s Q2 2024 labour market saw robust growth, with total employment up 11,300. Unemployment rates improved, while retrenchments remained stable
Banking and Finance
Continue Reading
Singapore’s monetary authority sets up review group in bid to revive its equities market
Singapore’s MAS has formed a task force to boost market vibrancy, address challenges, and enhance private sector participation in the stock market
Economy
Continue Reading
Economist Lowers Singapore’s Q2 2024 GDP Growth Forecast to 2.6%
RHB economists cut Singapore’s Q2 2024 GDP growth forecast to 2.6%, citing declining manufacturing output and potential global risks, including U.S. trade policy shifts
Economy
Continue Reading
Lower inflation in retail and services eases Singapore core inflation to 2.9% YoY in June
Singapore’s core inflation in June hit a two-year low at 2.9%, driven by lower costs in retail, services, and private transport
Economy
Continue Reading
MAS: Net profit of S$3.8 billion in part due to strong investment gains
The Monetary Authority of Singapore (MAS) reported a net profit of S$3.8 billion, reversing the previous year’s S$30.8 billion loss, driven by significant investment gains.
Economy
Continue Reading
MAS aims to cut processing time for tax perks
Singapore’s wealth inflows remain strong despite increased scrutiny post-money laundering case, with MAS improving tax incentive processing times amid rising global competition.