Singapore will soon adjust its debt moratorium schemes, with the regulator looking to extend the programmes to certain borrowers beyond December 31 this year, while also ensuring that those with the ability to pay should begin repayment before the moratoriums expire.
Economists of Singapore are more optimistic about the outlook for the country’s economy next year, with a survey showing that they expect growth of 5.5 percent on average in 2021, said the Monetary Authority of Singapore (MAS) on September 7.
As ASEAN Chair 2020, Vietnamese Prime Minister Nguyen Xuan Phuc attended and delivered a speech at the Standard Chartered-ASEAN Business Forum 2020 themed “Unlocking the region’s potential”, which was televised on international medial channels.
Singapore’s financial sector created 22,000 jobs between 2015 and 2019, and of these, three out of the four jobs went to locals, said a top official from the Monetary Authority of Singapore (MAS) on August 12.
Singapore is witnessing a jump in deposits in local banks, which reflects investors' risk aversion and inflows from other markets, including Hong Kong (China), said Bloomberg Intelligence.
Singapore’s retail sales in March dropped 13.3 percent compared with the same period last year, the biggest decrease in 22 years due to the impact of the COVID-19 pandemic, according to the Singapore Department of Statistics.
Singapore will fall into a deeper recession this year after it continues extending and tightening social distancing measures to prevent the COVID-19 until June 1, Citigroup warned.
Singapore’s core inflation fell sharply to -0.1 percent in February, from 0.3 percent in January, the Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry (MTI) said on March 23.
The Singapore economy is expected to grow 0.7 percent this year, up from 0.6 percent in the previous survey in September, according to the latest quarterly poll of professional forecasters by the Monetary Authority of Singapore (MAS) released December 11.
Singapore will launch a green investment programme worth 2 billion USD, which aims to provide capital for “green” funds in the country, Education Minister Ong Ye Kung said at the Singapore FinTech Festival on November 11.
Singapore on October 14 decided to ease monetary policy for the first time in more than three years as the national economy has narrowly avoided recession in the third quarter of 2019.
As Singapore continues to see sluggish trade and growth data, with core inflation at a three-year low, economists forecast the central bank to ease monetary policy in its upcoming review and provide some support to the economy.
All licensed financial institutions must comply with a new set of requirements by next year to raise cyber security standards and strengthen cyber resilience of the sector, the Monetary Authority of Singapore (MAS) said on August 6.
The Singapore economy is likely to end the year weaker than earlier expected in the context that the ongoing tension between the US and China has stalled three of the world’s growth engines — trade, manufacturing and investments, warned Monetary Authority of Singapore (MAS) Managing Director Ravi Menon on June 27.
Singapore’s central bank is likely to keep its monetary policy stance on hold in its meeting next month as inflation eases and the growth outlook for the export-reliant economy dims.
Singapore’s parliament on January 14 passed a law on payment services, including regulations on digital payment to bolster the country’s cashless payments.
Singapore's economy grew only 1.6 percent in the fourth quarter of 2018 compared to the previous quarter, much lower than economists’ forecast of 3.2 percent.
Singapore’s economy likely maintained a steady pace of growth in the fourth quarter as the manufacturing sector outperformed forecasts, but US-China trade tensions could slow the momentum in 2019.
Singapore’s manufacturing output increased 7.6 percent year on year in November thanks to a jump in pharmaceuticals output and strong expansion in the marine and offshore engineering cluster, said the Singapore Economic Development Board (EDB).
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