Singapore – Page 4 – NATURALDEPOSIT

Singapore’s Exports of Goods Excluding Oil Fell 15.6% in February

According to Enterprise Singapore, Singapore’s trade promotion agency, the country’s exports of non-oil goods (NODX) fell 15.6% year-on-year in February. This decline was due to a decrease in exports of both electronic and non-electronic products, in line with analysts’ expectations. However, the decline in February was less than that of January 2023 and December 2022, …

Singapore’s Exports of Goods Excluding Oil Fell 15.6% in February Read More »

Singapore’s Sea Limited, Owner of “Shopee,” Reports First Net Profit

News

Shares of Sea Limited, the Singapore-based company that owns the popular e-commerce platform Shopee, closed 21.78 percent higher in the New York Stock Exchange on Tuesday, March 7, after the company reported its first net profit since its inception in Singapore in 2009. Sea Limited reported a net profit of $422.8 million for the fourth …

Singapore’s Sea Limited, Owner of “Shopee,” Reports First Net Profit Read More »

Blockchain Engineers in Singapore Witness Biggest Salary Increase of 15.62% in 2022

News

Despite layoffs in the tech sector and employment delays, salaries in most of Singapore’s tech sectors surged in 2022. A report from Nodeflair, a payroll company for tech workers, and a joint venture Iterative, highlighted the continued demand for tech talent in the market. Although the rate of demand has slowed compared to previous years. …

Blockchain Engineers in Singapore Witness Biggest Salary Increase of 15.62% in 2022 Read More »

Singapore’s exports of goods excluding oil fell 25% in January

News

Singapore’s exports of goods excluding oil decreased by 25% in January compared to the same period last year, according to Enterprise Singapore, Singapore’s trade promotion agency. The decline was attributed to a drop in the exports of electronic and non-electronic products. The figure was worse than analysts expected, with economists at OCBC Bank forecasting a …

Singapore’s exports of goods excluding oil fell 25% in January Read More »

Singapore to Tackle Inflation and Layoffs with 2023 Budget Allocation

News

In response to the current concerns of inflation and unemployment among the citizens, the Singapore government is set to address these issues through the 2023 budget. The Deputy Prime Minister and Finance Minister of Singapore will unveil the budget on February 14, 2023. Each fiscal year, the budget serves as a tool for the government …

Singapore to Tackle Inflation and Layoffs with 2023 Budget Allocation Read More »

Singapore’s Trade Grows in 2022, Moderate Growth Expected in 2023

News

Singapore’s total trade increased by 17.7% in 2022, driven by both oil and non-oil trade, according to Enterprise Singapore. The gross merchandise trade was S$1.4 trillion in 2022, compared to S$1.2 trillion in 2021 and S$969 billion in 2020. Oil trade rose by 47.5% in 2022 due to rising oil prices, following 43.6% growth in …

Singapore’s Trade Grows in 2022, Moderate Growth Expected in 2023 Read More »

Singapore Reveals Record Investment Value in 2022 after Reopening the Economy

News

The Economic Development Board (EDB) of Singapore announced today that the city-state has seen a record number of investments in 2022, as the economy reopened, with a total value of fixed asset investment (FAI) contracts reaching S$22.5 billion ($17 billion). This is nearly double the value of S$11.8 billion in 2021, with the electronics sector …

Singapore Reveals Record Investment Value in 2022 after Reopening the Economy Read More »

Singapore’s Core Inflation Remains Steady at 5.1% in December, Averaging 4.1% in 2022

Markets

Data released on Wednesday (Jan. 25) by the Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry (MTI) showed that Singapore’s core inflation held steady at 5.1% for the third consecutive month in December, slightly higher than the expected 5%. According to the MAS and MTI, the increase in retail prices and …

Singapore’s Core Inflation Remains Steady at 5.1% in December, Averaging 4.1% in 2022 Read More »

Singapore’s Non-Oil Exports Continue to Fall in December

News

Singapore’s domestic non-oil exports (NODX) fell for the third consecutive month in December due to weak global demand, according to data released by EnterpriseSG. NODX fell by 20.6% in December, following a 14.7% decrease in November. Both electronic and non-electronic exports saw a decline year-on-year. Electronics contracted by 17.9% in December, after a 20.2% drop …

Singapore’s Non-Oil Exports Continue to Fall in December Read More »

Singapore’s GDP grows faster than expected in 2022, but the outlook for 2023 is not rosy due to the global economic slowdown

News

Singapore’s Ministry of Trade and Industry said Monday (Jan. 3) that gross domestic product (GDP) grew 3.8% year-on-year in 2022. This is better than the expected 3.5%, but Singapore’s economy is expected to slow in 2023. GDP grew 2.2% year-over-year in the fourth quarter of 2022, which is higher than expected. On a quarterly basis, …

Singapore’s GDP grows faster than expected in 2022, but the outlook for 2023 is not rosy due to the global economic slowdown Read More »