Singapore's GDP expands by 3.4 percent in Q1 World

Singapore's GDP expands by 3.4 percent in Q1

Singapore's Ministry of Trade and Industry recently announced that the country's gross domestic product (GDP) grew by 3.4 percent year on year in the first quarter of 2022, moderating from the 6.1 percent growth in the previous quarter, reported Xinhua news agency.
Singapore economy posts 7.6 percent growth in 2021 World

Singapore economy posts 7.6 percent growth in 2021

The Singapore economy grew by 7.6 percent in 2021, compared to a previous estimate of 7.2 percent, the Ministry of Trade and Industry (MTI) has said, while the growth forecast for this year has been maintained at 3-5 percent.
Power Development Plan VIII under revision again Business

Power Development Plan VIII under revision again

The draft Power Development Plan VIII is being revised again and expected to be submitted to the Prime Minister for approval in the first quarter of 2022, an official said in a press conference of the Ministry of Trade and Industry (MoIT) on January 12.
Singapore economy expands nearly 15 percent in Q2 World

Singapore economy expands nearly 15 percent in Q2

Singapore's economy expanded more than initially estimated in the second quarter from a year ago, according to the Ministry of Trade and Industry (MTI), and the government upgraded its growth forecast for the full year, according to Reuters news agency.
Singapore, Pacific Alliance conclude FTA talks World

Singapore, Pacific Alliance conclude FTA talks

Singapore and the Pacific Alliance (PA) have concluded negotiations on a free trade agreement, towards the signing of the deal in late 2021, the Singaporean Ministry of Trade and Industry announced on July 22.
Singapore economy expands 14.3 percent in Q2 World

Singapore economy expands 14.3 percent in Q2

Singapore's Ministry of Trade and Industry on July 14 said that based on advance estimates, the country's gross domestic product (GDP) grew 14.3 percent year on year in the second quarter of 2021.
Singapore economy to expand 4-6 percent in 2021: MTI World

Singapore economy to expand 4-6 percent in 2021: MTI

Singapore’s Ministry of Trade and Industry (MTI) announced on May 25 that it would maintain the country’s GDP growth forecast for 2021 at 4 to 6 percent, in view of the heightened uncertainties in the economic environment, characterised by both upside and downside risks, especially arising from the COVID-19 pandemic.
Singapore’s economy further recovers World

Singapore’s economy further recovers

The Ministry of Trade and Industry (MTI) of Singapore on November 23 narrowed its forecast contraction to between 6 percent and 6.5 percent in 2020, from 5 percent to 7 percent before, as GDP improved in the third quarter.