Ministry of Trade & Industry

Of F&B closures in 2025, 82% of those registered for up to 5 years had never made a profit: MTI

From Jan 1 to Oct 23, there were 3,357 new retail food establishments and 2,431 closures, going by data from Acra

A leading global chipmaker's factory in Ho Chi Minh City. The Singapore-Vietnam Innovation Talent Exchange Programme offers opportunities for up to 300 young professionals to take up roles in fields such as data science, AI and semiconductors.

Singapore-Vietnam talent exchange scheme for young professionals up and running

They can gain regional work experience for career development in innovation-related roles

Pharmaceutical exports to the US account for about S$4 billion of the Republic’s exports to the country, says Deputy Prime Minister Gan Kim Yong.

New US pharmaceutical tariffs may have ‘no immediate impact’ on drugmakers: DPM Gan

Drugmakers are ‘continuing to clarify’ to better understand the conditions and criteria tied to the new taxes

The Ministry of Trade and Industry said it is monitoring developments and will seek clarification from our US counterparts as necessary.

MTI confirms that Singapore remains subject to 10% baseline tariff on exports to US

No details yet on planned sectoral tariffs on pharmaceuticals and semiconductors

Singapore’s economy has grown 4.3 per cent year on year in Q2, advance estimates from the Ministry of Trade and Industry show. This is well above the 3.6 per cent that private-sector economists polled by Bloomberg were predicting.

Economists upgrade 2025 outlook after Q2 GDP turns out better than expected

Front-loading of exports and manufacturing before end of 90-day pause in US tariffs boosted Q2; slowdown in H2 expected as effect fades

In April, higher inflation in services and food was offset by lower inflation in accommodation, retail and other goods, and private transport.

Singapore’s core inflation inches up to 0.7% in April; headline inflation is unchanged at 0.9%  

Both numbers come in above economists’ estimates; MAS and MTI maintain full-year forecast range for these at 0.5 to 1.5%

DPM Gan Kim Yong notes: "This agreement is a bright spot demonstrating Asean's, Australia's and New Zealand’s commitment to an open, inclusive and rules-based multilateral trading system."

Upgraded Asean, Australia and New Zealand FTA enters into force

This marks a significant milestone in strengthening economic resilience and fostering deeper regional cooperation, says Deputy Prime Minister Gan Kim Yong

Singapore's Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong (second from left) meeting with business and government leaders on Monday (Apr 21).

New joint project office to support Singapore firms in expanding to Johor-Singapore SEZ: DPM Gan

The JS-SEZ will be strengthened in three key areas, including simplifying customs and clearance procedures