Singapore economy

Singapore holds top spot in ASEAN for stability and earnings

Aspire receives licence from MAS, ready to launch support product for SMEs Singapore has been ranked the most stable and resilient market in ASEAN, offering a relatively secure environment for business growth and investment amid regional headwinds. According to a new strategy report by CGS International, the city-state outperformed regional peers such as Malaysia, Thailand […]

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Singapore eases monetary policy again as US tariffs weigh on growth

Singapore helps SMEs expand overseas with salary support program Singapore’s central bank eased its monetary policy on April 14 for the second time this year, responding to slowing global demand and escalating trade tensions triggered by U.S. tariffs. The move, aimed at cushioning the economy’s impact, comes as the city-state’s small and medium enterprises (SMEs),

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MAS eases monetary policy for the first time since 2020

Key sectors that are expected to benefit from Johor-Singapore SEZ The central bank of Singapore, also known as the Monetary Authority of Singapore (MAS) eased its monetary policy for the first time in nearly five years since the pandemic, citing a faster-than-expected decline in inflation and slower economic growth on the horizon. The decision, announced

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Key skills driving Singapore’s economy from 2012 to 2022

Singapore tightens rules on hiring for foreign companies Understanding the key skills that have shaped Singapore’s economy over the past decade provides valuable insight into the country’s dynamic business landscape. From 2012 to 2022, business management, data management and production management became the three major areas that stood out as dominant skill sets in the

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Singapore dollar reaches decade-high amidst monetary policies

Singapore aims to simplify business regulations The Singapore dollar (SGD) has reached its highest level in a decade, reflecting differences in monetary policy approaches between Singapore and the United States. As of the end of August 2024, the SGD had strengthened to around 1.30 per US dollar, a level last reached in 2014. It has

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EU and Singapore sign digital trade agreement

Singapore lifts 35-year ban on cats in public housing The European Union (EU) and Singapore have achieved a major breakthrough together with a new Digital Trade Agreement. It aims to significantly improve cross-border data flows, simplify online trade and set high standards for digital commerce.   The new agreement is a comprehensive framework aimed at

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