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
Category: Singapore Business
Cars
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XPENG announces foray into Singaporean market with pop-up store opened
XPENG enters Singaporean market with a pop-up store offering G6 test drives, advanced EV features, and pre-sale discounts. Official store opens in September
Singapore Business
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Changi Airport Reports Significant Growth in Passenger and Cargo Traffic for Q2 2024
Changi Airport saw a 13.4% rise in passenger traffic and 16% increase in cargo for Q2 2024, nearing pre-COVID levels
Singapore Business
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Singapore’s Changi Airport officially tops the list
Changi airport has won the World’s Best Awards survey 11 times and is recognized as a Hall of Fame honoree by Travel + Leisure
Computers
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Singapore Partners with Quantinuum for Advanced Quantum Computing Access
Singapore’s NQO, A*STAR, NUS, and NSCC signed an MoU with Quantinuum, granting access to advanced quantum computers to boost computational biology research
Singapore Business
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Singapore Recrowned Most Powerful Passport in the World
Singapore has reclaimed the top spot on the Henley Passport Index, achieving visa-free access to…
Investment
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Pfizer investing $1b in new pharmaceutical ingredient plant in Singapore
Pfizer’s new $1 billion Singapore plant begins API production, creating 250 jobs, achieving sustainability certification, and advancing automation in global manufacturing
Singapore Business
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Philips Evnia Expands Market Focus to Gaming Industry Professionals Beyond Gamers
Philips’ Evnia expands focus to include all gaming professionals, enhancing inclusivity and support with specialized monitors for designers, artists, programmers, and more.
Company
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Introducing Affinidi Iota: First Consent-Based Data-Sharing Framework
Affinidi launches Iota Framework, prioritizing explicit consent for data sharing, enhancing data privacy, and empowering users with control over their personal information
Economy
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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.