Hot Topics on Regional Economy

Mar 2019

Singapore's export and manufacturing woes spur economic slowdown in 2019

GDP growth is expected to decline to 2.4% in 2019 from 3.2% in 2018. Singapore braces for economic slowdown brought about by a more challenging environment for exports and the manufacturing sector. The Institute of Chartered Accountants in England and Wales (ICAEW) forecasts GDP growth to decline to 2.4% in 2019 from 3.2% in 2018.

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Singapore hopeful for China-backed Asia trade pact this year

[WASHINGTON] Singapore's trade minister said on Wednesday he was hopeful that an Asia-wide trade pact, which is backed by China and excludes the United States, could be sealed by the end of the year.

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HDB flats still have value when owner reaches 85 years old: Heng Swee Keat

SINGAPORE — Government-built flats still retain value even when its owner has turned 85 years old, Finance Minister Heng Swee Keat said. Using the example of a 25-year-old Singaporean buying a new 99-year-lease Housing and Development Board (HDB) flat, Mr Heng said that there will be more than 30 years of lease left when the owner turns 85, which is the life expectancy in Singapore.

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Vietnamese ride-hailing app FastGo to launch in Singapore in April

FastGo, a Vietnamese ride-hailing application will launch in Singapore next month as it looks to expand in South-east Asia. Drivers can register with FastGo from April 1 and customers will be able to book rides from 30 April, the company said in a statement on Wednesday (20 March).

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