Singapore economy

In charts: Singapore’s energy and chemicals sector in focus as Middle East conflict escalates

The sector’s green pivot could help it be less vulnerable to oil and gas disruptions in the long term

The focus lately has shifted decisively towards cost-of-living relief. Transfers for households take the form of, for example, GST vouchers.

Singapore’s special transfers expenditure: a strategic fiscal approach to resource allocation

The mechanism behind this spending shows how institutional design can balance short-term responsiveness with long-term discipline

Excluding motor vehicles, retail sales tumbled 2.8% against December’s 1.8% expansion.

Singapore retail sales fall 0.4% in January, hampered by later Chinese New Year timing

The drop misses forecast of 2.8% growth and reverses December’s 2.5% gain

Gan says the immediate impact of the tariff developments on Singapore’s economy is “not expected to be significant”.

Unclear if US tariffs on Singapore will rise from 10% to 15%: Gan Siow Huang

America has yet to issue an official directive on the increase, she says

A broader uplift in standards and clearer recognition of high-quality HR practice is needed, says the writer.
THE BOTTOM LINE

Singapore should professionalise HR to stay agile amid disruption

Stronger human resources capabilities strengthen business agility and resilience

Phantom worker arrangements involve employers making false CPF contributions for locals who do not actually work, artificially boosting a firm's foreign worker entitlement.

100 employers caught making false CPF contributions to boost foreign worker quotas from 2024 to 2025

Errant employers face fines of up to S$20,000 per fraudulent work pass application and a ban on hiring foreign workers

Deputy Prime Minister Gan Kim Yong says that even in the difficult environment now, there remain “good opportunities for Singapore as a trusted, knowledge-driven and connected hub”.

Singapore to reassess growth, inflation forecasts if necessary: DPM Gan

City-state faces an ‘unpredictable and uncertain’ global trading environment, says the deputy prime minister

The electronics sector continued to perform in February, with growth supported by faster expansions in new orders, new exports, factory output and employment.

Singapore PMI edges up to 50.6 in February, but Gulf conflict fuels oil uncertainty

The Purchasing Managers’ Index for the electronics sector grows by 0.2 point to 51.3

Artist's impression of the new Woodlands Gateway district, which will offer flexible industrial and office spaces.
SINGAPORE BUDGET 2026

Budget 2026: JTC to develop Woodlands Gateway district as ‘northern gateway’ for Johor-Singapore SEZ

The first phase of the development to be completed around 2030

The semicon sector remains a key pillar of Singapore’s economy, contributing close to 7% to gross domestic product.
SINGAPORE BUDGET 2026

Budget 2026: Singapore commits S$800 million to semicon R&D to deepen ‘high-impact’ tech capabilities

A new S$60 million national R&D centre for power electronics to open by April 2026, to drive partnerships between academia and industry