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Month: February 2025

Posted on 16/02/2025

Trade deficit with US puts Singapore in a good position, but Trump tariffs could still disrupt trade: Analysts

Singapore is the only Southeast Asian economy to have a trade deficit with the United States, economists said.

Posted on 16/02/2025

Singapore’s economy expanded by 4.4% in 2024; outlook for 2025 remains stable

The economy saw a 5% year-on-year growth in the fourth quarter of 2024, though this was a slight moderation from the 5.7% recorded in the third quarter. On a quarter-on-quarter basis, seasonally ...

Posted on 16/02/2025

Businesses demand bold moves in Singapore’s 2025 budget; half push for inflation relief and digital adoption boost

SINGAPORE: As Singapore prepares to unveil its budget for 2025, a new survey by United Overseas Bank (UOB) featured in the latest Singapore Business Review report highlights growing business ...

Posted on 16/02/2025

Deal: Singapore Airlines economy flights to Europe for just 17,500 miles, business-class flights for 56,700 miles

Check out this month's Singapore KrisFlyer Spontaneous Escapes deals to learn how to save money on Singapore Airlines award flights from the U.S. to Europe.

Posted on 15/02/2025

Singapore’s 2035 climate target: A commitment to act now despite waning global interest

It pledges to reduce emissions to between 45 million tonnes and 50 million tonnes by 2035. Read more at straitstimes.com.

Posted on 15/02/2025

Singapore to tap expert knowledge in new study on safety of advanced nuclear tech

The Republic is stepping up efforts to determine if nuclear energy is viable for the country, following national assessments that emerging nuclear technologies could be suitable for the island state ...

Posted on 15/02/2025

Best fixed deposit rates in Singapore (February 2025): Minimum deposits from $500, rates up to 2.90%

If you think that fixed deposits are only for conservative cash-rich aunties and uncles, think again. A fixed deposit (also known as a time deposit) account is a type of bank account that pays account ...

Posted on 15/02/2025

SGX falls 5.8% as initial MAS review group proposals dampen earlier optimism; Citi downgrades stock to ‘sell’

SHARES of Singapore Exchange (SGX) fell as much as 6.3 per cent or S$0.85 to S$12.62 on Friday (Feb 14) as investors were less than impressed with the initial proposals to revive the equities market.

Posted on 15/02/2025

‘Fixed-deposit account’ no more: Does Singapore’s GRC system need a rethink?

Large multi-seat constituencies like Sengkang have become a high-stakes gamble for the ruling PAP, analysts say.

Posted on 15/02/2025

With ‘ample’ fiscal ammo, HSBC expects ‘generous’ Budget 2025

Apart from fiscal policy, HSBC expects the Monetary Authority of Singapore (MAS) to remain on pause for the remainder of 2025. “However, if downside risks to growth were to intensify given the tariff ...

Posted on 15/02/2025

Coldplay’s shot-in-Singapore music video: Cosplayer co-stars share what the filming experience was like

Co-stars Ysabella Banta and Akihiko Turner talk about how they got the gig, their filming journey and their experience meeting the British band.

Posted on 15/02/2025

Jail for Singapore man who recruited money mules for scam syndicate, over S$3mil in ill-gotten gains involved

SINGAPORE: A man helped recruit money mules for an international syndicate running a police impersonation scam.

Posted on 15/02/2025

More than 230 million travellers passed through Singapore’s borders in 2024

More than 230 million travellers passed through Singapore’s borders last year. This is a nearly 20 per cent jump from 2023 and a six per cent increase from pre-pandemic levels, signalling a strong ...

Posted on 15/02/2025

Meta layoffs hit Singapore as tech giant cuts global workforce

JOB cuts by social media giant Meta have hit Singapore, according to public posts on professional networking platform LinkedIn and sources who spoke to The Straits Times (ST). Read more at The ...

Posted on 15/02/2025

Coldplay ‘Man in the Moon’ puts Singapore on the tourism map again but growth might slow this year, economists warn

Singapore reported better-than-expected 2024 GDP growth but given looming uncertainties, economists have kept their 2025 forecasts flagging slower growth this year. In 4Q 2024, Singapore's GDP grew 5%, bringing 2024 growth to 4.4%, a significant jump over 2023's 1.8%. However, growth was uneven, even within specific industries.

Posted on 15/02/2025

HSBC hires ex-BNP banker Sun as head of debt markets for Asia

HSBC Holdings hired former BNP Paribas banker George Sun as head of global debt markets for Asia, attracting an outsider even as the bank undergoes a restructuring. Read more at The Business Times.

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