The Business Times
Tessa Oh

Tessa Oh

CORRESPONDENT

Tessa Oh is a correspondent at The Business Times. She covers Singapore macroeconomics and government policy, with a focus on manufacturing, manpower, and the legal sector. Tessa was previously a journalist at TODAY, covering healthcare.

emailtessaoh@sph.com.sg
email@TessaOhBT
Home equity – property value less outstanding mortgages – forms over half of average household wealth across all income quintiles.

Top 20% of Singapore households hold average wealth of S$5.3 million: MOF

The first set of official wealth data shows that property and CPF savings form the bulk of assets across all income groups

Household coverage will now include non-employed households – referring to those with no employed person – alongside employed households – referrign to those with at least one employed person.

Singapore median household market income up 6.8% in real terms

2025 figure is first time SingStat applies expanded coverage capturing ‘market’, or non-employment sources of income like CPF payouts

EDB chairman Png Cheong Boon (left) and managing director Jermaine Loy (right) give an update on the agency's investment commitments in 2025.

Singapore’s 2025 investment pledges rise 5.3% to S$14.2 billion; related job creation dips 16%

Over a third of fixed asset investment is in electronics; total 2025 commitments expected to create 15,700 jobs over 5 years

Kosma Holdings, owner of both the service road and the mall’s carpark

High Court strikes down S$6,000 fee charged to Parklane mall for unauthorised service road use

Garbage trucks and other vehicles have no choice but to use the service road as it is the only access route to...

Excluding motor vehicles, retail sales grew 1.7 per cent, easing from November’s 5.8 per cent expansion.

Singapore retail sales growth eases to 2.7%, far short of 8% forecast

On a seasonally adjusted month-on-month basis, retail sales fall 5.4%

Salary points for other political officeholders are pegged as a fixed ratio to the entry-level minister’s norm salary pay.

Ministers’ pay unchanged while median incomes up 80% since 2012: Chan Chun Sing

An entry-level minister earns a norm annual salary of S$1.1 million, though this represents a 40% discount to the market benchmark set...

January's reading marks the sixth straight month of expansion.

Singapore manufacturing PMI at a 10-month high in January, driven by AI boom

The overall purchasing managers’ index is up 0.2 point at 50.5, marking the sixth straight month of expansion

Economists say that the conditions that justified broad-based handouts have largely passed, even as cost-of-living concerns remain an issue for many.
SINGAPORE BUDGET 2026

CDC vouchers no more? Economists see smaller, targeted relief for Budget 2026

With inflation cooling, the popular voucher scheme could be scaled down, with lower payouts of S$400 to S$500, they say

DPM Gan Kim Yong says despite headwinds, Singapore is still aiming for the higher end of the 2- 3% growth target.
SINGAPORE BUDGET 2026

Don’t assume growth will create good jobs, says DPM Gan, as Economic Strategy Review unveils seven plans

The ESR’s full report will be released in the middle of this year

The judge finds that the reservation fee as per the deal between Swiss firm GE Vernova and Anlima Meghnaghat Power Plant was “expressly agreed by GE and Anlima to be non-refundable and it was not provisional in nature”.

Singapore court blocks ‘fraudulent’ US$2 million bank guarantee call in cross-border power dispute

Call on the guarantee by Bangladeshi power company is ‘opportunistic and unfair’, notes judge

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