Singapore can expect spending to rise to 20% of GDP by 2030: PM Wong
Wong says he expects to end with a surplus of $6.4 billion or 0.9% of Singapore’s GDP. Prime Minister Lawrence Wong warned that Singapore’s expenditure will continue to increase due to its need to invest more in workers and to better support a rapidly ageing population. At Budget 2025 on Feb 18, Wong noted that […]
Read MoreSingapore’s DBS flags higher margins, plans capital return
Singapore’s biggest bank DBS Group (DBSM.SI), opens new tab said it expects group net interest income to improve this year and announced a capital return dividend plan on Monday as it posted a 10% rise in fourth-quarter net profit, matching expectations. Southeast Asia’s largest bank by assets said it now expected group net interest income […]
Read MoreSingapore grants house arrest to jailed former minister S. Iswaran
Singapore’s disgraced former transport minister S. Iswaran, jailed last year for obstructing justice and receiving more than $300,000 of gifts, will serve the remainder of his sentence under house arrest, the prisons service said on Friday. Iswaran was the first former cabinet member to be jailed in Singapore after a high-profile trial that gripped the […]
Read MoreIndia and Singapore Unite for 60 Years of Friendship, Unveiling a Spectacular 2025 Celebration
As two Asian nations with shared histories and strong cultural ties, India and Singapore enjoy connections that transcend the 288 weekly flights linking them. With 2025 marking 60 years of diplomatic relations between the two countries, the Singapore Tourism Board (STB) has unveiled an exciting lineup of events, experiences, and offers to celebrate this enduring […]
Read MoreProperty agent numbers in Singapore hit record high of over 36,000
The number of property agents in Singapore has reached an all-time high, continuing a steady growth streak since 2017. As of Jan 1, there were 36,058 registered agents, up from 35,251 a year earlier, according to the latest figures from the Council for Estate Agencies (CEA). This marks the highest number of agents since the […]
Read MoreSingapore Prez visit historic: CM; says MoUs signed to bring investments
Terming Singapore President Tharman Shanmugaratnam’s visit historic, chief minister Mohan Charan Majhi on Saturday said the MoUs signed with that country would attract investments to Odisha, which aspires to be a developed state by 2036. “Through these eight MoUs, we aim for eight clear-cut outcomes for Odisha. Once these are implemented, our state will be on par with […]
Read MoreSingapore’s passport is the world’s most powerful, Bangladesh’s weakest
Singapore’s passport has retained its position as the world’s most powerful passport. According to the Henley Passport Index, the small city-state will have the world’s most powerful passport in 2025. As a result, Singapore citizens will be able to travel visa-free to 195 of the world’s 227 countries this year. According to the new list, […]
Read MoreSingapore port sets new record with over 40M TEUs in 2024
Singapore port set a new cargo-handling record of over 40 million twenty-foot equivalent units (TEUs) in 2024, surpassing its 2023 record of 38.8 million TEUs. The new annual throughput record was achieved last December 24, underscoring the port’s consistent “growth and operational excellence,” operator PSA Singapore said in a statement. As the world’s largest transshipment hub, […]
Read MoreSingapore economy grew 4.0% in 2024, advance estimate shows, fastest post-pandemic growth
Singapore’s economy grew 4.0% in 2024, its fastest annual pace since exiting the pandemic, accelerating from an expansion of 1.1% in 2023 and 3.8% in 2022, preliminary government data showed on Thursday. Gross Domestic Product (GDP) rose 4.3% in the fourth quarter from a year earlier, according to advance estimates from the trade ministry, above […]
Read MoreMinuscule Singapore: Citadel of organised thought and co-ordinated action
The island nation embraces global best practices, takes a long-term view, and reaps success An apt example of adversity bringing out the best is the tiny nation of Singapore in Southeast Asia. Turned out of the Federation of Malaysia in 1965 despite its protests, the nation of 6 million, barely 700 square kilometers in size […]
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