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Month: April 2025

Posted on 28/04/2025

GE2025: Losing three, four ministers would weaken both the government and Singapore: PM Wong

SINGAPORE] Losing three or four ministers would weaken both the government and the country, at an already challenging time, said Prime Minister Lawrence Wong on Monday (Apr 28). Read more at The ...

Posted on 28/04/2025

Singapore Central Bank Warns of Tariff Hit to Local, Global Economies

The U.S. is Singapore's second-largest export market, accounting for 11% of the Southeast Asian country's outbound shipments last year. About 55% of the products exported to America are subject to the ...

Posted on 28/04/2025

Trump’s trade war puts Singapore’s economic growth, jobs and wages at risk, says MAS

Inflation which is already down to a four-year low will remain modest amid weakening growth outlook Read more at straitstimes.com. Read more at straitstimes.com.

Posted on 28/04/2025

Singapore’s growth outlook turns more cautious as US tariffs deliver ‘negative shock’: MAS

SINGAPORE] Singapore’s growth outlook has turned more cautious as US tariffs hit the country not just directly, but through their impact on regional neighbours and global confidence, said the Monetary ...

Posted on 28/04/2025

Aster Chemicals to bid for Exxon Mobil’s Singapore fuel stations, sources say

Aster Chemicals and Energy, the new operator of the Bukom refining complex, is planning to bid for Exxon Mobil's petrol stations in Singapore, five people with knowledge of the matter said, as the ...

Posted on 28/04/2025

U.S. tariffs will cause demand shock to Singapore economy: MAS

U.S. tariffs will have multiplier effects that will "generate a broader negative income and demand shock to the Singapore economy", the Monetary Authority of Singapore said in its macroeconomic review ...

Posted on 28/04/2025

Lengthy Trade War May Further Drag On Singapore Growth, MAS Says

Singapore’s central bank warned a prolonged global trade war could pose even greater risks to growth and inflation, with the initial round of tariffs already set to hit 60% of the city-state’s exports ...

Posted on 28/04/2025

Tariffs may generate ‘broader negative income and demand shock’ to Singapore economy: MAS

Singapore's external-facing industries will be the most affected by the tariffs while domestic-oriented sectors such as construction will continue to provide an underlying base of economic activity.

Posted on 28/04/2025

Singapore negotiating for US concessions on pharmaceuticals, chips

Singapore is negotiating concessions for pharmaceutical exports to the U.S. while ensuring it still has access to high-end AI chips from the American market, said Trade and Deputy Prime Minister Gan ...

Posted on 28/04/2025

Singapore Seeks Drug Concessions in US Tariff Talks, ST Says

Singapore is seeking concessions on pharmaceutical exports to the US, acknowledging that a 10% baseline tariff will not be eased.

Posted on 28/04/2025

Singapore’s Q1 employment growth slows, unemployment edges up, with further softening ahead

SINGAPORE] Employment growth slowed and unemployment rose in the first quarter of 2025, with the Ministry of Manpower (MOM) expecting the labour market to continue softening, due to greater ...

Posted on 28/04/2025

Singapore faces trade challenges as US pushes for stricter controls on AI chip exports

Singapore is negotiating concessions for pharmaceutical exports to the US while ensuring it still has access to high-end AI chips from the American ...

Posted on 28/04/2025

Race participant dies at 2XU Compression Run in Singapore

The event flagged off at around 4.15am and is said to have drawn over 20,000 participants. Read more at straitstimes.com. Read more at straitstimes.com.

Posted on 28/04/2025

Singapore banks dominate surge in share buybacks

The value of buybacks by DBS account for nearly half of all the stock repurchases in Singapore from April 1 to April 23, followed by UOB at 25% and OCBC at just over 8%, according to Bloomberg data.

Posted on 28/04/2025

Singapore GE2025: SDP candidates will be full-time MPs, can outdo those from PAP, says Chee Soon Juan

SINGAPORE: If elected into Parliament, candidates from the Singapore Democratic Party (SDP) will outdo those from the PAP any time in managing town councils and raising pertinent issues in Parliament, ...

Posted on 28/04/2025

GE 2025: How markets and investors are preparing in Singapore

Assurances of policy continuity and economic support will be critical for investors ahead of Singapore’s general election as markets face pressure from US-imposed tariffs. According to Bloomberg, ...

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