Singapore

Singapore’s inflation in November remained steady at 1.2%, missing estimates, as a higher increase in prices of services was offset by a steeper decline in electricity costs. The reading was lower than Reuters-polled analysts’ median estimates of 1.3%. Core inflation in the city-state, which strips out prices of private transport and accommodation, also came in at 1.2%, compared to expectations of 1.3%. Higher services inflation at 1.9% was due to larger increases in the costs of point-to-point transport, which includes taxis, ride-hailing and car-pooling services, and health insurance. In contrast, inflation for retail and other goods slowed as the prices of clothing and footwear, as well as personal-care appliances declined, in addition to the fall in electricity costs. ...

From Singapore's strategic brilliance to Luxembourg's financial wizardry, these 10 nations prove that in the wealth game, it's not about the size of your landmass but the size of your economic imagination. Ever wondered what it’s like to live in a country where your neighbour’s biggest concern is whether to buy their third yacht in navy blue or forest green? While you’re calculating whether you can afford that extra shot of espresso, residents of these countries are casually discussing their investment portfolios over champagne brunches. When you think of the wealthiest countries in the world, you are probably considering GDP per capita. In this article, we list the top 10 richest countries based on GDP per capita, as estimated by the International Monetary Fund (IMF)....

Singapore has topped the 2025 Global Talent Competitiveness Index for the first time, driven by strong education systems, effective governance, and a proactive approach to maintaining a workforce that is adaptable and ready to innovate in the age of artificial intelligence. The index, now in its eleventh edition, is published by INSEAD Business School in partnership with the Portolance Institute in Washington, D.C., and measures countries’ ability to develop, attract, and retain talent across income levels. This year, it covers 135 economies worldwide, analyzing 77 indicators, including soft skills and talent concentration in the field of artificial intelligence, across six key pillars. The report, titled “Resilience in an Age of Disruption,” comes at a time when the world is ex...

Fengjie navel oranges are headed for supermarket shelves overseas, marking a new chapter in agricultural trade between China and Singapore. The 2025 Global Sourcing Event for Fengjie Navel Oranges took place in Singapore on October 15, where producers from Fengjie County in Chongqing signed multiple export agreements with buyers from Singapore and Malaysia. The total export volume surpassed 10,000 tons, signaling international demand for China’s growing fruit sector and pointing to the expanding agricultural partnership between the two countries.  At the signing ceremony, witnessed by County Mayor and Deputy Secretary of the Fengjie County Committee Wu Tao, and representatives from participating compani...

Singapore has emerged as Asia's leading tech hub, with its digital economy contributing S$128.1 billion to GDP in 2024 and creating over 214,000 jobs. Driven by AI and investments, it faces challenges like talent shortages and equity concerns. The city-state is poised for sustained leadership through inclusive strategies. Singapore has solidified its position as a dominant force in Asia’s technology sector, emerging as the region’s premier hub for tech employment and innovation. Recent data highlights a remarkable surge in the digital economy, which contributed S$128.1 billion to the nation’s GDP in 2024, representing 18.6% of the total. This growth has propelled the creation of over 214,000 tech jobs, underscoring the city-state’s transformation into a global benchmark for tech-dr...