Economy

COE Prices Climb Further in April, With Only Goods Vehicles Seeing a Dip 0

04/09/2025

Premiums for most vehicle categories increase again in the month’s first bidding round, adding pressure on car buyers The first Certificate of Entitlement (COE) bidding exercise for April 2025 has brought another round of increases across most vehicle categories, with only commercial vehicles experiencing a slight reprieve. For Category A, which covers cars with internal

Singapore Markets Suffer Steepest Decline Since 2008 as Global Trade Tensions Escalate 0

Economy

04/07/2025

Straits Times Index nosedives 7.5% amid renewed fears of a global recession triggered by US tariff threats Singapore’s stock market experienced its sharpest one-day plunge since the 2008 financial meltdown, with the Straits Times Index (STI) tumbling by 7.5% on 7 April 2025. The drop followed a wider Asian market collapse as concerns grew over

Economic Downturn Dampens Eid Festivities for Thousands in Indonesia 0

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

Malaysia Plans Brunei-Sarawak Economic Zone to Boost Regional Growth 0
- 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 Change 0
- 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 Pace 0
- 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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