Singapore’s Economy Still Records an Increase of 7.2% in 2021 Amid Pandemic In the face of the COVID-19 epidemic, Singapore’s economy increased 7.2 percent in 2021. This increase shows that the economy is returning from a recession in 2020. Singapore’s economy dropped by 5.4 percent in 2020, marking the country’s first annual contraction since 2001…
Singpass Singapore: Government Agencies to Accept Digital IC to Access Services in Person Starting from 1 November, Singaporeans can use the Singpass Singapore app to access or use public services in person. It’s no longer a problem if you forget to bring your NRIC with you. The digital identity of all Singaporeans will be stored…
13th Month Expansion Is Highest Level Since 2018 Singapore manufacturing activity rose to its highest level yet since December 2018 when it expanded for the 13th month in a row. The expansion was as of July this year. The expansion was recorded when the Singapore Purchasing Managers’ Index (PMI) hit 51 points in July. An…
The Republic Will Not Rely on Its Population, Geographical Location, or Natural Resources Alone Singapore is developing digital economy deals to boost its connectivity and resilience. This is one approach the Republic has available to remaining relevant in the world. Singapore won’t rely on its population, geographical location, or natural resources alone. Instead, the Republic…
Covid-19 Responsible for Driving Digital Investments Up Since the Covid-19 pandemic, the rise in digital investments saw Singapore experiencing the largest rise in digital investments among financial institutions. The boost in investment rose because of the need brought about by Covid-19. This was an attempt by the banks to help boost their online offerings. The…
Manufacturing Sector Is Leading Singapore’s Recovery Through the Pandemic Singapore’s manufacturing activity is leading the way and on track to record another expansion for the 12th straight month in June. The manufacturing sector has remained strong and led the charge of the country’s recovery amid the Covid-19 pandemic. In the coming months, experts are forecasting…
Both Countries Agree to Sign MOU for Enhanced Bilateral Cyber-Security Cooperation The Singapore and UK Partnership will explore even more opportunities for greater collaboration to enhance regulatory defense and information sharing. A Memorandum of Understanding (MOU) was signed by representatives of both countries to partner on financial services. Singapore’s representative was from the Monetary Authority…
Singapore EDB Supports Multilateral Solution Singapore will support a multilateral solution to create a stable international tax system in the country. This support will be given by the Singapore Economic Development Board (EDB). The aim to create an international tax system that is stable and helps to level the playing field across jurisdictions. The EDB…
Local Labour Market Continues Path to Recovery The Singapore resident unemployment rate declined for its sixth consecutive month this April. It is a sign that the local labor market is continuing on the path to recovery. The statistics were released by Singapore’s Ministry of Manpower (MOM). The Singapore resident unemployment rate includes both citizens and…
Sales Up in Singapore for the Second Consecutive Month March retail sales in Singapore rose 6.2% for the second consecutive month as the country continues its economic rebound. After a 24-month slide, this growth was welcomed news indeed. The numbers are a boost from last year comparatively when COVID-19 social distancing measures and border restrictions…