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Singapore's Core Inflation Falls More Than Expected to 1.9% in November
- Economy
- 12/23/2024
Singapore Local News
Economy
- Home
- Economy
Economic Downturn Dampens Eid Festivities for Thousands in Indonesia0
- Economy
- 03/20/2025
Mass layoffs and deflation cast a shadow over holiday celebrations as industries struggle. For Mr Sriyono, 52, this year’s Eid al-Fitr will be far from joyful. Like many Indonesians, he has only one name, and after spending 33 years working at PT Sri Rejeki Isman (Sritex), he now faces unemployment following the textile giant’s bankruptcy
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Malaysia Plans Brunei-Sarawak Economic Zone to Boost Regional Growth0
- Economy
- 03/18/2025
Inspired by the Johor-Singapore model, the initiative aims to enhance trade and job opportunities Malaysia is advancing plans for a Brunei-Sarawak Special Economic Zone (SEZ) to strengthen economic ties and create new growth opportunities. The proposal mirrors the Johor-Singapore economic model, as many Sarawakians travel to Brunei for better wages and a favourable exchange rate.
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Singapore to Allow Work Permit Holders to Stay Longer as Foreign Worker Rules Change0
- Economy
- 03/06/2025
Maximum employment period removed and age limit raised to strengthen workforce stability From 1 July 2025, Singapore will no longer impose a maximum employment period for migrant workers holding work permits, a policy shift expected to impact the country’s foreign workforce significantly. At present, work permit holders can be employed for a period ranging from
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Singapore’s Economic Growth for 2024 Surpasses Expectations, but 2025 Outlook Signals a Slower Pace0
- Economy
- 02/14/2025
Economic Expansion Slows in 2025 Amid Global Challenges, Yet Jobs and Wages Expected to Remain Stable Singapore’s economy showed resilience in 2024, with a growth rate of 4.4%, surpassing earlier forecasts of 4%. This positive outcome is attributed to strong performances in various sectors, including manufacturing and trade-related services. However, the Ministry of Trade and
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Trump’s Economic Strategy: A Bold Shift that Could Reshape Global Markets0
- Economy
- 01/22/2025
The US President’s Policies Threaten to Disrupt Global Trade Dynamics and Create New Business Opportunities On his second day in office, US President Donald Trump set the stage for a dramatic reshaping of the global economic landscape, with policies that promise to affect businesses and nations worldwide. Known for his bold, no-compromise approach, Trump has
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Xi Jinping Urges Proactive Economic Policies to Sustain China’s Growth Amid Rising Tensions0
- Economy
- 01/21/2025
President Calls for Stability and Self-Reliance as Economic Challenges Loom President Xi Jinping has called for China to adopt more proactive macroeconomic policies in 2025 to ensure continued growth, as the nation faces potential new tariffs from the United States. Speaking at a Lunar New Year event in Beijing on January 20, Xi emphasised the
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