Singapore slightly cut its economic outlook for 2023 on Friday after it narrowly averted a recession in the second quarter, with weak global demand a key drag on its trade-reliant economy. Goss ...
Singapore’s full-year growth forecast narrows to 0.5-1.5%, Q2 growth revised lower
SINGAPORE’S official full-year growth forecast for 2023 has been narrowed to 0.5 per cent to 1.5 per cent, down from 0.5 per cent to 2.5 per cent, as the external demand outlook for the rest of the ...
Singapore stocks open Friday lower after revised growth forecast; STI down 0.2%
SINGAPORE shares slipped at the opening bell on Friday (Aug 11), after the Ministry of Trade and Industry narrowed its official full-year growth forecast for 2023, citing a weak external demand ...
Singapore narrows 2023 growth forecast range to 0.5-1.5%, as external demand outlook remains weak
This is down from the previous forecast range of 0.5 to 2.5 per cent, as the Ministry of Trade and Industry said it sees a “weak” external demand outlook for the rest of the year.
Singapore downgrades 2023 export forecasts on worse-than-expected performance
SINGAPORE has narrowed its 2023 full-year forecast for non-oil domestic exports (NODX) and lowered its total merchandise trade projection on a worse-than-expected performance so far this year, led by ...
Singapore GDP Climbs 0.1% On Quarter In Q2
Singapore's gross domestic product expanded a seasonally adjusted 0.1 percent on quarter in the second quarter of 2023, the Ministry ...
Genting Singapore first-half profit more than triples on improved visitor arrivals
The company posted a net profit of $276.7 million for the six months ended June 30. Read more at straitstimes.com.
Singapore’s Economy Grew 0.5% in Second Quarter
Singapore’s economy grew 0.5% in the second quarter, as expansion in construction and services-producing industries outweighed a contraction in manufacturing.
Singapore’s Maxeon plans major solar-panel plant in New Mexico, pending federal loan
Singapore-based Maxeon Solar Technologies plans to build a major solar panel manufacturing plant in Albuquerque, pending approval of a loan application with the U.S. Department of Energy, the company announced Thursday.
Singapore’s key exports fall by 13.4 per cent in second quarter of 2023
SINGAPORE: Singapore's non-oil domestic exports (NODX) declined in the second quarter of 2023, falling by 13.4 per cent, with both electronics and non-electronics seeing a drop. The drop follows a 16.
Singapore lowers 2023 trade forecast again after Q2 exports sink further
Both Nodx and total merchandise trade are now expected to contract by 9% to 10%. Read more at straitstimes.com.
Singapore’s full-year growth forecast narrowed to 0.5-1.5%, as Q2 growth revised lower
SINGAPORE’S official full-year growth forecast for 2023 has been narrowed to 0.5 to 1.5 per cent, down from 0.5 to 2.5 per cent, as the external demand outlook for the rest of the year remains weak, ...
Singapore cuts 2023 economic growth forecast to 0.5-1.5%
Singapore economy narrowly avoided a technical recession in the second quarter this year. Read more at straitstimes.com.
Singapore narrows 2023 GDP growth projection to lower range
With better visibility that external demand will remain weak towards the end of the year, Singapore has narrowed its 2023 GDP growth projection range to 0.5 to 1.5%, from the earlier 0.5 to 2.5%.
Singapore billionaire, Lim Oon Kuin accused of brazen fraud by HSBC: ‘must be held accountable’
HSBC Holdings Plc said it was deceived by oil tycoon Lim Oon Kuin and his children as civil lawsuits brought by the bank and liquidators of his collapsed fuel trading empire kicked off in Singapore.
Putin approves suspension of tax treaties with ‘unfriendly’ countries – RIA
Russian President Vladimir Putin chairs a meeting with members of the Security Council via video link at the Kremlin in Moscow, Russia August 4, 2023. Sputnik/Alexander Kazakov/Kremlin via REUTERS/Fil ...