Singapore shaves growth forecast for 2016 as exports shrink

SINGAPORE - The Singapore economy is expected to grow 1 to 1.5 per cent this year, from an earlier forecast of 1 to 2 per cent. Growth next year is tipped to come in between 1 to 3 per cent on the back of a slightly stronger global outlook, the Ministry of ... ( read ...

Singapore's household wealth rises 2.9% in 2016 to $1.1 trillion

SINGAPORE'S household wealth grew 2.9 per cent in 2016 to reach US$1.1 trillion and this upward trajectory is expected to continue in the next few years, says a global wealth report. The Credit Suisse Research Institute on Tuesday published its seventh ... ( read original story ...)

Singapore sees 2016 GDP growth 1-1.5%

SINGAPORE - Singapore downgraded its forecasts on economic growth and exports for 2016 after confirming a contraction in output in the third quarter, raising the risk of a recession amid fresh uncertainty around global trade under U.S. President-elect ... ( read original story ...)

Singapore's non-oil domestic exports down 5.4% in Q3

SINGAPORE - Singapore's non-oil domestic exports (Nodx) are expected to shrink 5 to 5.5 per cent this year on the back of lacklustre global growth - a larger contraction than the 3 to 4 per cent contraction previously forecast. Nodx is expected to pick up ... ( read original story ...)

Ecclestone holds out hope for Singapore

Singapore: Formula One supremo Bernie Ecclestone said he wants ... Ecclestone’s latest statement provide some positive news for Formula One in Southeast Asia, after neighbouring Malaysia confirmed it was dropping its grand prix after 2018. ( read original story ...)

Singapore in the driving seat as it negotiates new F1 deal

SINGAPORE After negotiating Singapore's current Formula One deal, Bernie Ecclestone said in 2012 the hardest thing was explaining to the authorities that "we don't race for free". Four years on, the F1 boss appears to be frustrated again as he tries to ... ( read original story ...)

Formula One's Ecclestone seeks 'long-term' Singapore deal

Formula One supremo Bernie Ecclestone said he wants to strike a "long-term" deal with Singapore this year, playing down earlier comments that the city-state is looking to drop its iconic night race. Ecclestone's latest statement provide some positive news ... ( read original story ...)

Researchers in Singapore trial self-driving mobility scooter

Researchers in Singapore are running a trial of self-driving mobility scooters aimed at helping people move across short distances. Nathan Frandino reports. Reuters is the news and media division of Thomson Reuters. Thomson Reuters is the world's largest ... ( read original story ...)

Poll – Singapore CPI seen escaping deflation in October

SINGAPORE Singapore's consumer price index (CPI) is likely to be flat in October from a year earlier, escaping deflation for the first time in two years, helped by recent gains in global oil prices, a Reuters poll showed. The median forecast in a Reuters ... ( read original story ...)

Ecclestone says Singapore wants to drop F1 race: report

SINGAPORE Singapore does not want to host an annual Formula One grand prix anymore, F1 CEO Bernie Ecclestone told German magazine Auto Motor und Sport, casting doubt on the future of Formula One in Southeast Asia as Malaysia is also considering pulling out. ( read original story ...)