Government

Forecast for 2019 headline inflation trimmed as Jan reading eases to 0.4%

THE oil price slump has led the Singapore authorities to trim their forecast for headline inflation, after January all-items prices rose by a slower-than-expected 0.4 per cent on the year before -...

Firms that do not change will hit 'dead end': Heng Swee Keat

COMPANIES must persist in transforming their business operations through technology, and upgrading workers at the same time, to cope with changes, said Finance Minister Heng Swee Keat on Monday.

Singapore cuts 2019 headline inflation forecast as January reading eases to 0.4%

SINGAPORE consumer price growth cooled in the first month of 2019, as a slower increase in electricity and gas costs outweighed the price hike in services, according to official data out on Monday...

F&B industry fears looming 'correction'

CUTS to the services sector's foreign worker quotas may be the latest blow to the food and beverage (F&B) services industry, which has come under pressure on various fronts.

Foreign worker quota cuts: Will they finally nudge services?

Six years since the foreign manpower tap was last tightened in the service sector, businesses are being told they need to do more.

Trade between EU and Singapore crosses 100b euros; further boost expected from FTA

TRADE in goods and services between Singapore and the EU has surpassed the symbolic 100 billion- euro (S$153.6 billion) mark, with the EU-Singapore free trade deals that were given the nod last week...

More transparency sought for foreign worker criteria

BUSINESSES are calling for the government to shed more light on the required criteria to bring in foreign workers with "specialised skills that are in demand globally" as they continue to grapple...

Singapore Budget 2019: Fuel duties jacked up for diesel vehicles

DIESEL duties were doubled on Monday in a bid to cut pollution from exhaust, two years after the tax system for diesel fuel was first rejigged.

Singapore Budget 2019: Tighter tax rules on booze and other buys

THE expansion of goods and services tax (GST) to cross-border shipments worth less than S$400 was missing from the Budget for the second year in a row. Fiscal hawks had hoped for such a levy on...

Singapore January non-oil exports fall 10.1%, biggest drop in over 2 years

SINGAPORE'S trade sector began 2019 on a whimper with non-oil domestic exports (NODX) for January sliding a worse-than-expected 10.1 per cent from a year ago as both electronic and non-electronic...