Singapore
Singapore inflation climbs at the slowest rate since February 2021
Buildings in Singapore, on Monday, Feb. 17, 2025. Bloomberg | Bloomberg | Getty Images Singapore’s inflation climbed by its lowest rate since February 2021, increasing 1.2% year on year in January, down from 1.6% in December. This is the first key piece of economic data since Singapore unveiled its 2025 budget on Feb. 18, which […]
Read More
Singapore Budget 2025: More support for businesses and households to ease living costs
The Singapore Parliament building. Prime Minister Lawrence Wong noted in his 2025 budget that while the country’s economy grew by more than 4% in 2024, it will be difficult to achieve that level of growth on a sustained basis. Bloomberg | Bloomberg | Getty Images Singapore has announced a slew of support measures for both […]
Read More
Singapore court finds opposition party leader guilty of lying to parliament
Pritam Singh, leader of Singapore’s main opposition Workers’ Party, arrives at its State Courts on Monday, Feb. 17, 2025. Lionel Ng | Bloomberg | Getty Images A court in Singapore on Monday found opposition Workers’ Party leader Pritam Singh guilty of two counts of lying to parliament, a verdict that could see him barred from contesting a general election this year. Singh had pleaded not guilty and his sentencing was due […]
Read More
Singapore is set to deliver its first budget under its new prime minister. Here’s what to expect
Lawrence Wong, Singapore’s then deputy prime minister and finance minister, speaking during the Milken Institute Asia Summit in Singapore, on Sept. 13, 2023. Wong, now the country’s prime minister, is due to deliver the budget on Feb. 18. Bloomberg | Bloomberg | Getty Images Singapore is gearing up for its first budget under Prime Minister […]
Read More
Asia-Pacific markets open higher as investors assess Trump tariffs
A view of the city skyline of Lujiazui Shanghai Center in Pudong, Shanghai, China, on March 13, 2024. Cfoto | Future Publishing | Getty Images Asia-Pacific markets opened higher Tuesday, tracking gains on Wall Street that appeared to look past U.S. President Donald Trump’s tariff campaign. Trump on Monday signed an order imposing 25% tariffs on […]
Read More
U.S. tariffs and interest rate uncertainties make 2025 a “choppy year”: DBS CEO Piyush Gupta
Piyush Gupta, chief executive officer of DBS Group Holdings Ltd., during a news conference in Singapore, on Monday, Feb. 10, 2025. DBS shares jumped after the lender reported earnings that met expectations and unveiled a investor payout plan. Bloomberg | Bloomberg | Getty Images After a sterling 2024 when Singapore’s biggest bank by assets booked […]
Read More
Singapore’s 10-fold rise in family offices is driving a philanthropy boom
Charitable giving from foundations and family offices in Singapore is funding educational, healthcare and poverty projects in the region and beyond. Roslan Rahman | Afp | Getty Images A presence of more Bentleys and Porsches on the roads is just one sign of the number of wealthy individuals, and their private investment companies, that have […]
Read More
Singapore Airlines CEO shares how he is staying ahead of the competition
Singapore Airlines has been ranked as one of the world’s top airlines for decades. In this episode of Managing Asia, Christine Tan sat down for an exclusive interview with CEO Goh Choon Phong to discuss his strategy for staying ahead of increasing competition and ensuring SIA remains a world-class airline. Singapore Airlines has been ranked […]
Read More
Singapore passes law against foreign interference in race-based organizations
Singapore has passed a law designed to protect against foreign interference in its race-based clans and business associations, as the government looks to limit outsiders from undermining racial harmony in the multicultural city-state. Roslan Rahman | Afp | Getty Images Singapore has passed a law designed to protect against foreign interference in its race-based clans and business associations, as the government looks to limit […]
Read More
Singapore says U.S. firms should comply with export controls following DeepSeek chip questions
Singapore’s Ministry of Trade and Industry (MTI) said in a statement Saturday that it expects U.S. companies to comply with U.S. export controls and local laws, following questions over the chips used by China’s DeepSeek to produce its AI model. Markets were rocked this week after DeepSeek claimed its large language model outperforms OpenAI’s but […]
Read More