According to the jobs report, the Singapore market also had many vacancies for software, web and multimedia developers and computer network, infrastructure and platform professionals — this demand spike was driven by the increasing digitalisation of the economy.
Tag: Economy
US share market sell-off: Dow drops 1,042 points as Wall Street gets spooked by spectre of “Trump recession”
The worry is that the whipsaw moves by the Trump Administration will either hurt the US economy directly or create enough uncertainty to drive US companies and consumers into an economy-freezing paralysis. The S&P 500 was down 9.1 per cent from its all-time high set on February 19.
Is US headed for “Trump recession”? Economic worries mount over tariff wars, workforce cuts, spending freeze
The US federal government reduced its payrolls by 10,000 in a potential harbinger of the alarm being sounded by the stock market, consumer confidence and other measures of where the economy is headed. Since January, the economic policy uncertainty index has spiked 41 per cent to a level, 334.5, that in the past signalled a recession.
Women’s Day 2025: ‘Women and Finance’ survey in India shows 90% of female rural entrepreneurs are diligent savers
The survey, conducted by Haqdarshak and DBS Bank India, has revealed that 100 per cent of respondents in Madhya Pradesh; 95 per cent in Maharashtra; and 73 per cent in Rajasthan set aside a portion of their income as savings.
“We will always stand with you”: PM Wong to Singaporeans on cost-of-living support
Explaining in an X video the reason for the GST hikes, PM Wong reiterated what he had said during his speech during the Singapore Budget 2025 discussion in parliament — global events were driving up costs in the small and open economy of Singapore even before the GST rate hike, so the tax alone did not cause a spike in the cost of living.
“Where is the turbo-charging?” asks PM Wong in response to Pritam Singh in Singapore Budget 2025 debate
PM Wong cited some Consumer Price Index (CPI) figures between 2022 and 2024. He illustrated that even as GST was increased by 1 percentage point each in January 2023 and January 2024, the CPI inflation in Singapore went down from 6.1 per cent in 2022 to 4.8 per cent in 2023 and 2.4 per cent in 2024.
Pritam Singh states “poor fiscal marksmanship”, GST hikes fanned “flames of inflation” in Singapore
Speaking in Parliament on February 26, addressing the Singapore Budget 2025 presented by Prime Minister and Finance Lawrence Wong last week, Pritam Singh criticised the Singapore Government’s decision to raise the Goods and Services Tax (GST) in 2023 and 2024, stating that these moves had fanned the “flames of inflation”. The country’s “exceedingly healthy fiscal position” made the GST hikes unnecessary, he said.
Nutrition expert Rujuta Diwekar slams Nikhil Kamath, warns against adopting Singapore’s eating out culture in India
Kamath had suggested that India should adopt Singapore’s culture of dining out instead of cooking at home, predicting that such a shift would open vast opportunities for restaurateurs in India.
Innovation in technology gets pride of place in Singapore Budget 2025, driving SG60 economic growth
The Singapore Budget 2025, presented by Prime Minister and Finance Minister Lawrence Wong, has put a particular emphasis on certain economic areas as being the drivers of SG60 growth. One of them is research and development (R&D) to promote innovation in technology.
Singapore Budget 2025: Cost-of-living mitigation includes more direct benefits for people of all ages
PM Wong’s budget speech referred to a revision of the taxation system in Singapore in order to meet public spending needs by mopping up more revenue, and also to ensure more fiscal prudence.
