The Business Times
Elysia Tan

Elysia Tan

Elysia Tan is a reporter with The Business Times. She covers macroeconomic 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
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-Proof 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

Industry watchers and players alike acknowledge the need to support local workers, but they are worried about the impact of higher costs.

F&B industry mulls higher menu prices, offshoring and closures with wages set to rise

Companies may get co-funding support under a government scheme, but not all businesses will qualify

Integrated circuits, disk media products and PCs contributed most to electronics NODX growth.

Singapore’s Feb key exports growth slows to 4%; electronics surge eases, non-electronics slide

The Middle East conflict will pose a significant headwind, economists say; Maybank trims its GDP forecast

The changes will apply to full-time and part-time food-service workers at quick-service food establishments, supermarkets, full-service food establishments, caterers and central kitchens.

Base salary under food services Progressive Wage Model to rise to S$2,220 from Jul 1

This baseline monthly gross wage requirement for workers in the sector will be raised again in 2027 and 2028

Petrol and diesel prices have climbed as the Strait of Hormuz’s closure disrupts fuel supply. Electricity rates are set to climb as well.

Costs running up for Singapore businesses as Gulf conflict jacks up energy prices

Already hit by rising fuel costs, anticipated electricity price hikes could worsen the blow

The ringgit has strengthened to record highs against the US dollar and Singdollar in recent months.

Singdollar appreciated at average rate of 1.3% against ringgit over 2020 to 2025: Alvin Tan

Measures to support local businesses, given the impending RTS Link, will be announced later

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