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SINGAPORE -- Southeast Asian countries are distributing more money directly to households to help them deal with rising prices, though skeptics have raised questions about their effectiveness as well as their impact on already tight public finances.
Wong, the deputy prime minister and finance chief, said the government would roll out measures including S$600 (US$445) in vouchers for each household and rebates to businesses, which would provide “near-term relief” amid inflation and higher operating costs.
SINGAPORE — Singapore will increase support for households and companies in the city-state as the country continues to grapple with higher prices, Deputy Prime Minister and Finance Minister Lawrence Wong said Friday when he delivered the 2024 budget.
After nearly four years, the Eastern & Oriental Express is back on the rails.
SINGAPORE -- Singapore on Thursday revised its economic growth rate for 2023 to 1.1% for the year, down from a preliminary estimate of 1.2% after weak exports in December.
Volumes were 12 per cent higher in January compared with a year ago, according to port authority data. That’s the second month of sharp gains as the confrontation in the region sends vessels scrambling to top up fuel at the Asian hub.
Singapore’s budget address on Friday is expected to address the rising costs of living and employment, issues seen as a litmus test for its fourth-generation leaders to prove they can take the city state through an “uncertain era” of geopolitical instability, analysts said.
SINGAPORE — Singapore's economy grew 2.2% year-on-year in the fourth quarter last year, falling short of the government's advance estimates of a 2.8% growth as manufacturing activity shrank, official data on Thursday showed.