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).
The Monetary Authority of Singapore (MAS) on December 12 announced the results of its recent survey that Singapore’s economy will grow only 2.6 percent in 2019 due to the negative impacts of protectionism and a trade war between the US and China, the world’s first and second largest economies.
Singapore’s exports growth picked up the annual pace in October and handily beat forecasts, thanks to a continued surge in pharmaceutical shipments though the key electronics sector contracted again.
The Monetary Authority of Singapore (MAS) on October 12 decided to tighten its monetary policy for the second time this year, forecasting the economy to expand steadily and core inflation to rise.
Singapore’s inflation is forecast to rise slightly this year due to the impacts of global petrol and food prices, according to the Monetary Authority of Singapore (MAS) and the Ministry for Trade and Industry (MTI).
Increase in the prices of food and services pushed Singapore’s Consumer Price Index (CPI) in June up by 0.6 percent year-on-year, according to a joint report by the Singaporean Ministry of Trade and Industry and the Monetary Authority of Singapore (MAS) released on July 23.
Singapore’s economy in the second quarter of 2018 expanded just 3.8 percent from the same period last year, and only 1 percent from the previous quarter, a result slower than the median forecast of 4 percent and 1.2 percent in a Reuters poll of economists.
Vietnam and Singapore issued a Joint Statement on the occasion of the official visit to Singapore by Vietnamese Prime Minister Nguyen Xuan Phuc from April 25-27.
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