Daily Debrief: What Happened Today (Oct 28)

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Close to 60% of Singapore’s industries record “above average” growth by Q3 2024; external environment conducive: MAS

SINGAPORE’S economy has gained a firmer footing, with a majority of the economy at or exceeding pre-pandemic growth norms, the Monetary Authority of Singapore (MAS) said on Monday (Oct 28).

Singapore to inject S$440 million into scheme to boost investments in deep-tech startups

SINGAPORE will add S$440 million to a scheme aimed at boosting private-sector investments into deep-tech startups based in the city-state, Deputy Prime Minister Heng Swee Keat announced on Monday (Oct 28).

Inflation to ease further in 2025 amid moderate external and domestic cost conditions: MAS

THE Monetary Authority of Singapore (MAS) on Monday (Oct 28) repeated its expectation for core and headline inflation to both average 1.5 to 2.5 per cent in 2025, “down significantly from their peaks seen over the last two years”.

Demand for Singapore Savings Bond slides to lowest since February 2022, with 10-year average return of 2.56% 

DEMAND for the latest tranche of the Singapore Savings Bond (SSB) reached its lowest level by absolute value in more than two years, with the 10-year average return also hitting a new low for 2024 thus far, allotment results released on Monday (Oct 28) showed.

Despite Q3’s decline, multi-year up-cycle in private home prices will continue

PRIVATE home prices fell in the latest quarter. The private residential property price index by the Urban Redevelopment Authority (URA) declined 0.7 per cent quarter on quarter in Q3. This is one of two instances when the index fell over the last 18 quarters.

Singapore shares fall, bucking regional trend; STI slides 0.3%

SINGAPORE shares started the week in the red on Monday (Oct 28), even as most regional exchanges ended higher.