Singapore’s Economy Experiences Robust Growth Amid Global Challenges
As we welcome 2024, there’s good news on the economic front for Singapore. The Ministry of Trade and Industry (MTI) has published early estimates showing that the economy grew by…
Tag: economy
Vietnam’s Communist Party Gears Up for Key Leadership Selection Ahead of Congress
Vietnam is on the cusp of a significant political transition as the ruling Communist Party prepares for its 14th five-yearly congress, set to take place from 19 to 25 January…
Asian Markets Cautiously Await US Federal Reserve’s Next Moves Amid Mixed Economic Data
As 2024 unfolds, Asian markets are navigating a sea of mixed signals following recent US economic data. On one hand, expectations for a third consecutive interest rate cut by the…
Singapore Sees Manufacturing Boom Amid Rising Core Inflation
In an unexpected turn of events, Singapore’s manufacturing sector experienced a remarkable surge in production, with a 29.1 per cent year-on-year increase in October 2024. This impressive growth was primarily…
Singapore Upgrades Economic Growth Forecast to 4% for 2025, Led by Manufacturing Boom
Singapore is getting a boost in its economic outlook for 2025, with the Ministry of Trade and Industry (MTI) raising the growth forecast to around 4%. This significant revision, up…
Singapore’s NODX Sees Unprecedented Growth in October 2024
In a remarkable turn of events, Singapore’s non-oil domestic exports (NODX) surged by 22.2 per cent in October compared to the same month last year, according to a report from…
Wall Street’s Rollercoaster: Banking Sector Reacts to Trump’s Tariff Statements
Wall Street’s recent trading sessions have been a wild ride as investors react to shifting economic signals and U.S.-China trade tensions. After a dip on Thursday, the markets bounced back…
Strengthening Ties: Singapore and India Unveil Ambitious Partnership Road Map
On 4 September 2024, Singapore’s Prime Minister Lawrence Wong and India’s Prime Minister Narendra Modi jointly announced a strategic plan aimed at enhancing their nations’ partnership. This announcement, made during…
Prime Minister Lawrence Wong Previews National Day Rally Speech Amid Economic Challenges
On 17 August 2024, Prime Minister Lawrence Wong will deliver his highly anticipated National Day Rally (NDR) speech at Institute of Technical Education College Central, kicking off at 6.45pm. This…
India and Britain’s New Trade Deal: A Strategic Shift for Growth
India has taken a significant step in global trade by signing a landmark trade agreement with Britain, marking a pivotal moment in its economic strategy. Described by Prime Minister Narendra…
Navigating Singapore’s F&B Landscape: Challenges and Opportunities for Chefs and Home-Based Ventures
As Singapore’s food and beverage (F&B) scene continues to evolve, chefs and home-based business owners alike face unique challenges and opportunities. With the pandemic-era surge in home-based dining options, restaurateurs…
Indonesia Secures Landmark Trade Deal with the United States Amidst Tariff Cuts
In a move hailed as a significant shift in economic relations, Indonesia has reached a trade agreement with the United States that reduces tariffs on Indonesian exports. The new tariff…
US-UK Trade Deal on the Cusp of Finalisation Amid G7 Discussions
KANANASKIS, Alberta — During a significant meeting on the sidelines of the G7 summit, UK Prime Minister Keir Starmer and US President Donald Trump are expected to finalise a crucial…
Lee Jae-myung Takes Office as South Korea’s New President Amid Economic Challenges
South Korea’s political landscape is set for significant transformation with the inauguration of President Lee Jae-myung, who took office on 4 June 2024, following a decisive win in a snap…
Vietnam and US Step Up Tariff Negotiations Amid Trade Deficit Concerns
Vietnam and the United States recently engaged in their inaugural ministerial-level tariff negotiations, held in Jeju, South Korea. This meeting comes as the US is poised to impose a staggering…
US-China Trade Talks Yield Temporary Tariff Cuts Amid Global Market Optimism
Global stock markets experienced a significant uplift on 12 May 2024 after the United States and China reached a joint agreement to reduce their respective tariffs for a provisional period…
US-China Trade Talks: Aiming for De-escalation in Geneva
As tensions rise between the world’s two largest economies, senior officials from the United States and China met in Geneva on 10 May 2024 to discuss the ongoing trade war…
US and China Discuss Trade Tensions in Geneva: High Stakes Ahead
As trade tensions escalate between the United States and China, senior officials from both nations gathered this weekend in Geneva—a meeting that could set the tone for future negotiations. These…
US Federal Reserve Pauses Rate Cuts Amid Economic Uncertainty Over Tariffs
The US Federal Reserve has opted to maintain its key lending rate at between 4.25 per cent and 4.50 per cent, signalling a cautious approach amidst ongoing economic turbulence caused…
US and Ukraine Set to Finalise Minerals Deal Amid Last-Minute Concerns
In a historic move, the United States and Ukraine are on the verge of signing a long-awaited minerals deal, following recent meetings between Ukrainian Prime Minister Denys Shmyhal and US…
Economic Resilience and Cost of Living Proposals Heat Up for GE2025
SINGAPORE: As the General Election approaches in 2025, looming economic uncertainties and the escalating cost of living are taking centre stage. With heightened concerns over job security, political parties are…
UK Government Takes Control of British Steel to Prevent Closure Amidst Financial Struggles
The UK government has stepped in to prevent the imminent closure of British Steel’s Scunthorpe plant, now facing significant financial difficulties under its Chinese owners, Jingye. With thousands of jobs…
Vietnam and US Negotiate Trade Terms Amid Tariff Tensions
In a significant move to strengthen economic ties, Vietnam is set to negotiate a reciprocal trade agreement with the United States following a temporary postponement of substantial tariffs. Vietnamese Prime…
PSP Questions Government’s Response to US Tariffs Amid Election Climate
The Progress Singapore Party (PSP) has taken a strong stance against the government’s response to the recently announced US tariffs, labelling it as overly alarmist. PSP chairman Dr Tan Cheng…
Trump’s Tariff Strategy Faces Backlash Amid Economic Concerns
The latest trade policies from President Donald Trump have stirred significant controversy and sparked fears of a looming economic downturn. On 2 April 2024, Trump announced an aggressive set of…
Trudeau Slams Trump’s Tariffs Amid Heightened Canada-US Tensions
Canadian Prime Minister Justin Trudeau has taken a bold stance against US President Donald Trump’s latest tariffs, calling them ‘a very dumb thing to do’. This fiery exchange marks a…
Singapore’s Foreign Minister Balakrishnan Addresses US Tariff Impacts
On 4 February 2024, Singapore’s Foreign Affairs Minister Vivian Balakrishnan assured Parliament that while direct tariffs from the United States on Singaporean goods are unlikely, the nation must remain vigilant…
India Mourns Manmohan Singh: A Legacy of Economic Reform and Humility
The passing of Manmohan Singh at the age of 92 has left a significant mark on India, a country he served with distinction as Prime Minister from 2004 to 2014.…
Singapore’s Mega Events: Boosting Tourism Amid Economic Challenges
Singapore is on a roll when it comes to hosting mega events, with plans for an exciting line-up in 2024. This surge in high-profile concerts and gatherings is not just…
Donald Trump Addresses Federal Reserve Chair and BRICS Currency Amidst Controversy
As the political landscape shifts, US President-elect Donald Trump has left many speculating about his intentions regarding key economic figures and policies. On one hand, he has affirmed his plan…