Singapore slashes 2025 growth forecast to 0-2%; Q1 GDP up 3.8% year on year
“Product-specific tariffs implemented by the US earlier also remain in place and more could be introduced in the coming months,” it added.
MAS eases Singapore dollar policy to help economy weather Trump’s tariff storm
While a weaker currency may help exports, it will have an opposite effect on the budgets of Singaporeans planning to travel overseas or remit money,
US economists say recession risk is still high after Trump pivot
Federal Reserve Bank of New York president John Williams said he now expects “real GDP growth will slow considerably from last year’s pace, likely to somewhat below 1 per cent”.
Treasury yields see biggest weekly jump since 2001 as cash flees
“The abrupt changes in tariff policy have caused leveraged trades to come undone and sent buyers to the sidelines.”
US Fed officials see higher inflation ahead as consumer confidence plunges
“Long-run inflation expectations climbed from 4.1 per cent in March to 4.4 per cent in April, reflecting a particularly large jump among independents,” it added.
At least 5,300 families have registered for SG60 Baby Gift
The special gift was announced in Parliament during Budget 2025 to celebrate babies born in Singapore’s 60th year of independence, as part of a suite of measures to help families cope.
Trump announces 90-day pause on ‘reciprocal’ tariffs with exception of China
The tech-heavy Nasdaq soared 12.2%. This marked the best day for the S&P 500 since October 2008. The Nasdaq posted its best day since January 2001 and its second-best day on record.
US inflation unexpectedly cools ahead of tariffs impact
The overall CPI declined 0.1 per cent from a month earlier, the first decrease in nearly five years, and rose 2.4 per cent on a year-over-year basis.
Healthcare spending could hit $30 billion a year by 2030: Ong Ye Kung
In 2025, the Government has set aside $20.9 billion for health, second only to spending on defence, which has a budget of $23.4 billion.
Trump tariffs: Singapore to form task force to help businesses and workers, says PM Wong
The newly formed task force is still working out the details of its composition and key tasks, but one of its focuses will likely be on communication and information sharing, he added.
China state firms pledge to boost share purchases to calm markets
To increase share investment while a slew of listed firms announced share buybacks as Beijing stepped up efforts to stabilise a stock market rocked by U.S. tariff woes.
Billions wiped off Singapore banks as Asia market carnage worsens; STI drops 8.5%, HK plunges 12.6%
This marked the largest intraday decline since the STI crashed 8.9 per cent during the subprime mortgage crisis on Oct 24, 2008,