The Business Times
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Elysia Tan

Elysia Tan

JOURNALIST

Elysia Tan is a reporter with The Business Times. She covers macroeconomic and SME news and is a graduate of the Nanyang Technological University’s Wee Kim Wee School of Communication and Information.

emailelysiat@sph.com.sg
email@ElysiaTanBT
Even small shifts in prices can lead to noticeable cost increases for energy-intensive businesses.

Higher electricity prices for Singapore businesses as retailers raise rates, tariff climbs amid Iran war

Beyond costs, firms are increasingly facing procurement and risk management issues, observers say

In addition to helping businesses grow across South-east Asia, SCCCI has enhanced collaboration with the business community in China.

SCCCI helps 16,000 businesses to transform, collaborate and internationalise in 2025

The chamber supports firms in sustainability and AI adoption, among others

As the world’s third-largest oil trading hub and sixth-largest refinery export hub, Singapore is deeply connected to global energy flows.

‘Sufficient’ fuel and food reserves, but Singaporeans may face higher prices and fewer options: Shanmugam

There is a ‘low probability’ of disruptions to domestic energy and electricity supply due to the Iran war, but they cannot be ruled out, he says

For January and February combined, retail sales grow 3.5% on the year.

Singapore retail sales jump 8.3% in February, boosted by Chinese New Year

Sales grow in most categories on a yearly basis

Prime Minister Lawrence Wong says if critical Middle Eastern energy sources and supply routes are constrained for an extended period, the consequences "will be severe”.

Singapore convenes crisis committee to boost energy resilience and support amid Iran war

Firms and households can expect enhanced, earlier assistance, with targeted help for more severely affected sectors: PM Wong

E50 Award winners for 2025 with guest of honour Josephine Teo, minister for digital development and information (front row, eighth from left), as well as organisers and sponsors.
ENTERPRISE 50

Applications open for Enterprise 50 Awards 2026 nominations

This year’s theme is ‘Future-Proofing Growth Through Innovation’

Higher diesel prices also weigh on last-mile delivery of food manufacturers' goods.

Food manufacturers fret as Iran war sends diesel, logistics, packaging cost soaring

They are now bracing for higher electricity and natural gas prices

Pinery Residences recorded robust demand across all unit types, with nearly all buyers being Singaporeans and permanent residents.

Pinery Residences sells 92.5% of units at average price of S$2,546 psf at launch

A significant proportion of buyers could be upgraders from within Tampines, say real estate players

Electricity retailers have been revising rates, and regulated tariffs are revised quarterly, with the next adjustment coming in April.

Economists expect raised inflation forecast, MAS policy tightening in April on war-led cost pressures

Barclays is the outlier, expecting a policy move only in July

February’s electricity and gas prices fall 4.3%, more sharply than January's 4.2%.

Singapore import costs to face pressure amid energy price hikes: MAS; Feb core inflation accelerates to 1.4%

It will update inflation outlook in April policy statement; MAS, MTI keep 2026 core and headline inflation forecasts at 1-2% but flag that prices likely to increase

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