SINGAPORE ECONOMY

S'pore 2016 growth surprises but path forward remains clouded

A MANUFACTURING-led uptick in the final months of 2016 may have steadied Singapore's economic keel, but the trade-dependent economy is also realising that it is sailing into choppier political waters...
SINGAPORE ECONOMY

MAS policy stance within 'planning parameters'; next move seen as tightening

SINGAPORE'S central bank is finding itself in a suitably comfortable position, and changes to its monetary policy approach seem unlikely for now. But should the Monetary Authority of Singapore (MAS) choose to move again later this year, it would be a tightening of monetary conditions, said...

Singapore's MTI sticks to modest 2017 growth outlook at between 1-3%

THE Singapore government is maintaining its "modest" growth outlook for 2017, underpinned by a pick up in global growth that is compromised by uncertainties including those from the new US president and his administration...

Singapore economy grows faster than expected in Q4, full-year 2016

LIFTED by a strong December performance, the Singapore economy grew faster than expected in the fourth quarter and for the whole year of 2016.
INDUSTRY TRANSFORMATION MAPS

Blueprints for building capabilities

DRIVING many of the key strategies outlined in the Committee on the Future Economy (CFE) report are the customised industry-level restructuring blueprints, termed the Industry Transformation Maps (ITMs). In the CFE's vision, they not only will drive productivity and growth of individual...
COLLABORATIVE SOCIETY

Government to take facilitator role

THE government should use its power as a regulator and procurer to facilitate risk-taking and innovation, rather than to anoint winners, observers say in agreement with the recommendations of the Committee on the Future Economy (CFE).
COLLABORATIVE SOCIETY

Reviewing the tax regime to help realise the CFE vision

BOLD plans have been laid out for Singapore's future economy, and what is needed is also ample fiscal support so that the plans can be turned into reality. Thus, the Committee on the Future Economy (CFE) has called on the government to ensure that Singapore's tax regime is broad-based,...
SINGAPORE'S FUTURE ECONOMY

Foreign talent 'can plug gaps in economy'

SINGAPORE remains open to foreign talent, especially in areas where there is a pressing market need, but it has to strike a fine balance between growing the economy and responding to the population's needs, Minister for Industry S Iswaran said on Thursday. ...
SINGAPORE'S FUTURE ECONOMY

Singapore advised to be ready to review tax regime

SINGAPORE should stand ready to review its tax regime so that the economy's growth down the road is sustainable, said Heng Swee Keat, chairman of a high-powered committee tasked with reviewing how the economy should be restructured...

CFE unveils 7-point roadmap to 2-3% annual growth for Singapore

A HIGH-LEVEL committee has laid out plans to focus Singapore's economy on what it should do to achieve quality, productivity-led growth of 2 to 3 per cent a year over the next decade...

Singapore manufacturing to be at 20% of GDP over medium term: CFE

THE Committee on the Future Economy (CFE) has proposed that Singapore's manufacturing sector should still contribute to about a fifth of economic output over the medium term...

CFE unveils 7 strategies to help Singapore reach annual 2-3% growth target

AFTER more than a year of consulting over 9,000 stakeholders, the high-powered Committee on the Future Economy (CFE) unveiled on Thursday its recommendations on how Singapore's economy can be reshaped and remain relevant to the world...

7 'mutually reinforcing' strategies to keep Singapore open, focus on innovation and adaptability

SEVEN "mutually-reinforcing" strategies are the key planks to the Committee on the Future Economy's (CFE) vision that should spur quality economic growth for Singapore's economy over the next decade...

Jobs mismatch a pressing issue for PMETs

A NOTICEABLE structural shift is underway in Singapore's jobs market, as employers indicated strong demand for white-collar workers in September last year, even as the number of job openings fell to a multi-year low, according to a report on job vacancies released by a Ministry of Manpower (...

Firms stay cautious; Q1 2017 growth to be similar to Q4 2016

BUSINESS performance improved for firms here in the last quarter of 2016, but they remained highly cautious about prospects soon, a survey has found.

Frasers Logistics & Industrial Trust posts above-forecast Q1 DPU of 1.74 cents

THE manager of newly listed Frasers Logistics & Industrial Trust announced an above-forecast distribution per unit (DPU) of 1.74 Singapore cents for the first quarter ended Dec 31, 2016, as interest rates fell below forecast.

Singapore forms legal team to respond to Malaysia's application to revise Pedra Branca judgement

SINGAPORE has formed a legal team to respond to Malaysia's application and documentation to revise a judgement that awarded the island of Pedra Branca to the city-state...

Ezra clarifies Forland did not drop repayment pursuit for vessel

OIL and gas services provider Ezra Holdings on Friday night clarified that a creditor had not agreed to drop its pursuit of repayment of a payment owed by Ezra, which was reported otherwise earlier in the day.

Frasers Logistics & Industrial Trust posts above-forecast Q1 DPU of 1.74 cents

THE manager of newly listed Frasers Logistics & Industrial Trust announced an above-forecast distribution per unit (DPU) of 1.74 Singapore cents for the first quarter ended Dec 31, 2016, as interest rates fell below forecast.

MPA expands MOU with DNV GL to include autonomous systems, intelligent shipping

SINGAPORE'S Maritime and Port Authority (MPA) has renewed a research agreement with classification society DNV GL to expand its ambit to cover intelligent shipping systems...

Keppel Corp boosts stake in Keppel Reit as manager acquires 19.1m units

THE manager of Keppel Reit has acquired more than 19.1 million units, worth at least S$19.4 million in total, in the trust as management fee.
SINGAPORE'S FUTURE ECONOMY

Observers expect CFE report to be 'big picture' of economy's revamp

A FORTHCOMING high-level report on how Singapore can restructure its economy will be the fourth such document in three decades - but economists say that this time, it will be different.

Sabana Reit to undergo strategic review by sponsor, manager

THE sponsor and manager of Sabana Shari'ah Compliant Industrial Real Estate Investment Trust will undertake a strategic review of the Reit, days after angry investors said that they are looking to throw out the manager over its lacklustre performance. ...

Singapore's manufacturing PMI rises to 51 in January, highest in over 2 years

SINGAPORE'S manufacturing sector continued to show optimism in January with the purchasing manager's index (PMI) recording its highest reading in more than two years...

Oxley acquires 25.5% interest in Pindan Capital Berry for A$3.8m

OXLEY Holdings Limited has entered into a project development investment agreement to acquire a 25.5 per cent direct interest in Australian funds manager Pindan Capital Berry for A$3.825 million (S$4.136 million), the Singapore developer said in a release after market close on Thursday.