Singapore's GDP Growth Rate Hits 3.8%, Exceeds 2022 Forecasts

Singapore’s GDP Growth Rate Hits 3.8%, Exceeds 2022 Forecasts

Singapore GDP Growth Rate Exceeds 2022 Forecasts, Records 3.8% Growth The services sector helped to boost the Singapore GDP growth rate to 3.8% in 2022, beating forecasts. However, growth in the fourth quarter was slower than expected. Growth in the manufacturing sector was not as optimistic as analysts expected. Manufacturing experienced a growth of only…

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Singapore’s Lower & Middle-Income Residents to Get GST and S&CC Rebates Early 2023

Singapore’s Lower & Middle-Income Residents to Get GST and S&CC Rebates Early 2023

Singapore’s Lower & Middle-Income Residents to Get GST and S&CC Rebates Early 2023 Lower and middle-income household residents in Singapore are set to receive their GST vouchers and S&CC in early January this year. This will apply to about 950,000 residents living in HDB flats. The GST vouchers and U-Save and Service and Conservancy Charges…

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Strategic EU-Singapore Digital Partnership to Futureproof Digitalisation

Strategic EU-Singapore Digital Partnership to Futureproof Digitalisation

Spearheading Transformation with Strategic EU-Singapore Digital Partnership New pact spurs collaborative expansion via strategic EU-Singapore Digital Partnership  The digital realm will be experiencing transformative collaboration with a new pact between the European Union and Singapore. The strategic EU-Singapore Digital Partnership aims to futureproof both parties’ economies, digital sectors, and technological frameworks. This will further cement…

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Indonesia Ratifies Flight Information Region Agreement

Singapore MFA Welcomes Ratification of Indonesia Flight Information Region Agreement

Indonesia Ratifies Flight Information Region Agreement and Singapore MFA Welcomes This News Singapore MFA (Ministry of Foreign Affairs) is pleased with Indonesia’s ratification of its Realignment of Boundary Agreement. The agreement takes place between the Jakarta Flight Information Region (FIR) and Singapore FIR. The agreement was signed between Singapore and Indonesia in January. Under the…

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Indonesia and Singapore to Explore Cross-Border QR Code Payment Connectivity

Indonesia and Singapore to Explore Cross-Border QR Code Payment Connectivity

To Promote Local Currency Use in Bilateral Transactions, Indonesia and Singapore Will Explore Cross-border Qr Code Payment Connectivity The Monetary Authority of Singapore (MAS) announces that work on cross-border QR code payment linkage between Singapore and Indonesia will commence. The aim is to enhance payment connectivity between the two countries. The cross-border QR payment linkage…

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