The Singaporean dollar surged to the strongest level on record against the Malaysian ringgit, with the latter suffering more from weakening confidence in China’s economic recovery.
Singapore’s AI-Based Marketing Unicorn Raises $105 Million To Finance M&A
Insider, an AI-powered marketing platform, said it has raised another $105 million from Qatar Investment Authority (QIA) and Istanbul-based buyout firm Esas Private Equity. The company said its latest funding round gives it a valuation of almost $2 billion.
Singapore economy beats estimates as government warns of risks
Southeast Asian city-state warns of rise in ‘downside risks’ amid rising interest rates, escalation of war in Ukraine.
Singapore on track to reach cloud migration goals, asks tech suppliers to re-apply for panel positions
Singapore will ask its current IT panel vendors to reapply for their positions, digital agency GovTech revealed on Wednesday.… Speaking at an event staged to reveal a refresh of government IT strategy ...
Tamil Nadu and Singapore companies ink investment deals
Tamil Nadu Chief Minister M.K. Stalin met Minister-in-charge of Trade Relations S. Iswaran in Singapore on Wednesday (May 24) during an investment meeting organised by the Singapore Indian Chamber of ...
Singapore’s finance and insurance industry shrank 0.9% in Q1
Overall, the MTI expects Singapore's economy to grow between 0.5% to 2.5% in 2023. Gabriel Lim, Permanent Secretary (Policy) for MTI, noted the recent banking fiascos in the West amongst reasons for ...
Singapore economy beats estimates but govt warns of global risks
Singapore's economy posted better-than-expected results in the first quarter of 2023, official data showed Thursday, but the government warned that the global outlook remains gloomy. It warned, ...
Singapore Says Aspects of US-China Rift ‘Appear Insurmountable’
The widening rift between the world’s two biggest economies, the US and China, now looks in some regards to be irreconcilable, according to Singapore Deputy Prime Minister Lawrence Wong. The geopolitical situation has become more dangerous amid tensions ...
Lung X-ray image doctored to add cockroach in hoax posts about ‘Singapore medical blunder’
A doctored X-ray image has been repeatedly shared by Facebook users in Myanmar alongside the claim a patient was told they had inhaled a live cockroach but was informed by a doctor in Singapore that it was actually inside the X-ray machine in their home country.
Singapore economy posts smaller contraction in first quarter as global demand weakens
Downside risks in the global economy have risen, which could weigh more heavily on consumption and business investments, the MTI said in a statement. It retained its full-year growth forecast at 0.5 ...
Singapore’s Q1 GDP contraction raises recession risk; China revival key
TOKYO (Reuters) - The Bank of Japan (BOJ) may abandon a controversial bond yield cap this year if risks clouding the outlook, such as global banking sector... NEW YORK (Reuters) -Activist investor ...
Singapore GDP grew 0.4% in Q1; full-year growth expected at mid-point of official range
SINGAPORE’S external demand outlook for the rest of the year has weakened, with “growth likely to come in at around the mid-point” of the official forecast range of 0.5 to 2.5 per cent year on year, ... ( read original story ...)
Singapore keeps 2023 GDP forecast at 0.5-2.5%, expects growth to be ‘around the mid-point’ of this range
Singapore has maintained its growth forecast for 2023 at 0.5 per cent to 2.5 per cent, with growth likely to “come in at around the mid-point” of this range, the Ministry of Trade and Industry (MTI) ... ( read original story ...)
UPDATE 2-Singapore’s Q1 GDP contraction raises recession risk; China revival key
Maybank economist Chua Hak Bin said a technical recession, defined as two consecutive quarters of contractions, is possible if the boost from China’s reopening fails to materialize in the second ...
Singapore Sees Travel Boom Shielding Economy From Recession
(Bloomberg) -- Singapore is confident that a rebound in travel that’s boosting the services sector will help the island’s economy avoid a recession this year despite a darkening global outlook. Most ...
Singapore’s Economy Slowed in First Quarter
Singapore’s economy grew at a slower pace in the first quarter of 2023, owing to faster contraction in goods-producing industries and slower growth in services-producing industries.