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Month: November 2023

Posted on 22/11/2023

Singapore economy growth beats forecast in third quarter

Singapore's economy grew more than expected in the third quarter, data showed Wednesday, while officials narrowed their full-year forecast owing to subdued demand for its exports in key markets ...

Posted on 22/11/2023

Tripartism can work in Singapore because Govt is ‘pro-growth’ and ‘pro-worker’: PM Lee

This commitment enables workers to benefit fully from economic growth and has created a "Singapore Premium". Read more at straitstimes.com.

Posted on 22/11/2023

Tripartism works in Singapore because PAP government is pro-growth and pro-worker: PM Lee

"With the government leading the country in the right direction, it is much easier for the tripartite partners to work together to create prosperity and share the fruits of growth," says Prime ...

Posted on 22/11/2023

Singapore shares edge lower on Wednesday; STI down 0.1%

SINGAPORE stocks struggled to advance on Wednesday (Nov 22), as pullbacks on Wall Street and Europe clashed with the Singapore trade ministry’s expectations that economic growth would come in at ...

Posted on 22/11/2023

Singapore 2023 GDP growth narrowed to 1%; Q3 growth at 1.1%

SINGAPORE’S full-year economic growth is expected to come in at around 1 per cent, the Ministry of Trade and Industry (MTI) said on Wednesday (Nov 22) morning. Read more at The Business Times.

Posted on 22/11/2023

DBS, UOB and OCBC: Which of These 3 Banks Should You Pick?

We review and compare the trio of local banks to see which is the most attractive. The post DBS, UOB and OCBC: Which of These 3 Banks Should You Pick? appeared first on The Smart Investor.

Posted on 22/11/2023

Former MAS, SGX executive Richard Teng succeeds Zhao as Binance crypto exchange’s CEO

Binance’s Richard Teng succeeded Changpeng Zhao as the chief executive officer of the world’s largest crypto exchange after Mr Zhao agreed to step down as part of a sweeping deal to resolve a US ...

Posted on 22/11/2023

Singapore 2023 GDP growth narrows to 1%; Q3 growth at 1.1%

SINGAPORE’S full-year economic growth is expected to come in at around 1 per cent, the Ministry of Trade and Industry (MTI) said on Wednesday (Nov 22) morning. Read more at The Business Times.

Posted on 22/11/2023

Singapore narrows 2023 growth forecast to around 1% on weak exports

Singapore's GDP is forecast to expand by 1 per cent to 3 per cent next year as major economies are expected to gradually pick up in the second half of 2024.

Posted on 22/11/2023

CIMB Singapore offers high interest rate of 2.88% per annum on new CIMB BusinessGo current accounts to support businesses and particularly SMEs

CIMB Singapore is offering a no-frills, limited-time interest rate of 2.88%* per annum for all new business customers who open a CIMB BusinessGo current account by 31 December 2023.

Posted on 22/11/2023

Singapore’s Q3 GDP tops initial estimates on financial services, tourism

Singapore's economy grew faster than initial estimates in the third quarter, helped by a resurgence in tourism and service sector activity, although authorities warned of risks to the outlook from ...

Posted on 22/11/2023

Singapore economy to expand 1% to 3% in 2024; 2023 growth forecast at 1% on weak exports

Manufacturing and trade-related sectors should see a modest improvement next year, MTI said. Read more at straitstimes.com.

Posted on 22/11/2023

Singapore downgrades 2023 export forecasts; projects NODX growth of 2% to 4% for 2024

SINGAPORE has downgraded its 2023 full-year forecasts for non-oil domestic exports (NODX) and total merchandise trade, amid weaker-than-expected performance in the first three quarters, mainly due to ...

Posted on 22/11/2023

Singapore pegs 2024 GDP growth between 1% and 3%

SINGAPORE -- The Singaporean government on Wednesday projected its growth for 2024 to come in between 1% and 3%, as the trade-oriented economy expects a recovery in global electronics demand. For the ...

Posted on 22/11/2023

Hongkong Land appoints Singapore-based Mapletree’s Michael Smith as CEO

Smith is currently the regional CEO for Europe and the US at Singapore-based global real estate investment company Mapletree Robert Wong, who has been Hongkong Land's CEO since 2016, will stay on as a ...

Posted on 22/11/2023

Unbridled innovation: a rude awakening for Singapore’s banks?

One episode of widespread unavailability of digital banking and ATM services in May, not the first, saw the Monetary Authority of Singapore impose an additional capital requirement on DBS – a harsh ...

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