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Singapore keeps 2025 growth forecast at 0% to 2%, though outlook ‘improved slightly’ from trade truces
General A Think Lab 5/22/25 General A Think Lab 5/22/25

Singapore keeps 2025 growth forecast at 0% to 2%, though outlook ‘improved slightly’ from trade truces

On a quarter-on-quarter seasonally adjusted basis, the economy contracted by 0.6 per cent. This was a reversal from the 0.5 per cent expansion in the fourth quarter of 2024.

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Sharp drop in crypto ownership in Singapore in 2025 as investors sell off: Poll
General A Think Lab 5/22/25 General A Think Lab 5/22/25

Sharp drop in crypto ownership in Singapore in 2025 as investors sell off: Poll

The survey of 1,500 Singapore residents aged 18 and above found that only 29 per cent owned any crypto, a stark decline from the 40 per cent a year earlier.

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US dollar assets remain virtually irreplaceable, says MAS chief Chia Der Jiun 
General A Think Lab 5/22/25 General A Think Lab 5/22/25

US dollar assets remain virtually irreplaceable, says MAS chief Chia Der Jiun 

“The US$28 trillion (S$36.1 trillion) Treasury market is fundamental and systemic to the global financial system, and there is no alternative for this point.”

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Singapore shares close lower, weighed down by US credit rating downgrade
General A Think Lab 5/22/25 General A Think Lab 5/22/25

Singapore shares close lower, weighed down by US credit rating downgrade

Gainers trailed decliners 212 to 298 across the broader market in Singapore, with 1.21 billion securities valued at $1.15 billion transacted.

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Feeling the pinch? How to cut $100 from your monthly bills
General A Think Lab 5/22/25 General A Think Lab 5/22/25

Feeling the pinch? How to cut $100 from your monthly bills

One way to cut costs is to audit your current plan against today’s market offerings. 

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Singapore key exports surge 12.4% in April, much more than expected
General A Think Lab 5/16/25 General A Think Lab 5/16/25

Singapore key exports surge 12.4% in April, much more than expected

Economists said Singapore will continue to benefit from the reprieves for the next few months, but the export outlook remains clouded for when the 90-day “tariff windows” end.

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Every Singaporean household can claim $500 CDC vouchers from May 13
General A Think Lab 5/14/25 General A Think Lab 5/14/25

Every Singaporean household can claim $500 CDC vouchers from May 13

Half – or $250 worth – of the vouchers can be used at participating supermarkets, and the other half at participating hawker stalls and heartland merchants.

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Singapore’s STI jumps 1.8% on US-China tariff truce; bank shares soar
General A Think Lab 5/14/25 General A Think Lab 5/14/25

Singapore’s STI jumps 1.8% on US-China tariff truce; bank shares soar

US markets rallied following the news, with the S&P 500 index closing 3.3 per cent higher and the Nasdaq Composite index surging 4.4 per cent by the close.

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Sales of gold in Singapore on the rise amid global economic uncertainty 
General A Think Lab 5/12/25 General A Think Lab 5/12/25

Sales of gold in Singapore on the rise amid global economic uncertainty 

Despite the precious metal’s spot price breaking US$3,000 in March and surging to US$3,500 less than two months later, buyers do not appear deterred and sales are still going strong.

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Police, banks prevent over 3,500 customers from losing $51.7m through scams
General A Think Lab 5/12/25 General A Think Lab 5/12/25

Police, banks prevent over 3,500 customers from losing $51.7m through scams

The police and four banks here worked together to stop more than 3,500 bank customers from losing over $51.7 million through scams, in a two-month operation.

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DBS, OCBC, UOB set aside extra allowances to account for heightened uncertainty
General A Think Lab 5/11/25 General A Think Lab 5/11/25

DBS, OCBC, UOB set aside extra allowances to account for heightened uncertainty

DBS, OCBC and UOB each said this was a pre-emptive step to beef up their reserves as they navigate the impact of US tariffs and a possible economic slowdown,

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New measures by local banks to prevent stolen card details from being added to mobile wallets 
General A Think Lab 5/11/25 General A Think Lab 5/11/25

New measures by local banks to prevent stolen card details from being added to mobile wallets 

With this launch, users will no longer be able to add card details to their device for contactless payment until they switch on the “mobile wallets” toggle in the DBS banking app.

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