Ministry of Trade and Industry

Singapore maintains 2024 GDP forecast at 1-3% after economy grew 1.1% last year

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Singapore maintains 2024 GDP forecast at 1-3% after economy grew 1.1% last year

That said, there continues to be “significant” downside risks in the global economy. For example, an escalation of the Israel-Hamas conflict or the Russia-Ukraine war could disrupt global supply chains and commodity markets, and in turn weigh on global trade and growth. There is also the risk of “lagged effects” from monetary policy tightening that … Read more

Singapore passes law to manage significant investments into critical entities: What you need to know

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Singapore passes law to manage significant investments into critical entities: What you need to know

CONCERNS RAISED  Twelve MPs rose to ask for clarifications during the debate, although only Non-Constituency Member of Parliament Leong Mun Wai objected to the Bill. Several MPs wanted a clear definition of “national security interest” and raised questions about safeguards against abuse of ministerial powers. They also highlighted concerns that the law would have a … Read more