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Minister of Trade and Industry (MTI)
Sustainability
Singapore launches National Hydrogen Strategy, could supply half of power needs by 2050
For Singapore, hydrogen can complement and diversify our power mix alongside solar, imported electricity, says MTI.
October 25, 2022
Singapore economy
Singapore's GDP up by 5.9% in 4Q, 7.2% for 2021: MTI advance estimates
For the whole of 2021, the economy grew by 7.2% rebounding from the 5.4% contraction in 2020.
January 03, 2022
Singapore economy
Analysts keep 2021 GDP estimates unchanged even after increase in official GDP forecast
The upgrade, however, comes as no surprise to some.
August 12, 2021
Singapore economy
Singapore's headline inflation comes in at 2.4% for June; MAS and MTI raise forecast
MAS and MTI have raised their headline inflation forecast for 2021 to between 1%-2%.
July 23, 2021
Singapore economy
Singapore’s inflation levels continue upward trend in May
Singapore's headline inflation grew 2.4% y-o-y in May.
June 23, 2021
Singapore economy
Decline in Singapore's economy comes in better than expected at -5.8% in 3Q2020
GDP not likely to return to pre-Covid levels until the end of 2021," noted Gabriel Lim, Permanent Secretary for MTI.
November 23, 2020
Singapore economy
Staying still 'not an option' for Singapore, since it is 'not returning to a pre-Covid-19 world': Chan Chun Sing
Singapore cannot afford to wait out for the coronavirus to abate, as the permanent changes is brings will hinder it from reverting to a pre-Covid-19 economy, Minister for Trade and Industry (MTI) Chan Chun Sing said on August 11.
August 11, 2020
Singapore economy
Singapore's economy declines a historic 13.2% in 2Q20; 2020 GDP lowered to -7% and -5% : MTI
Singapore’s Ministry of Trade and Industry (MTI) has revised it’s growth forecast for the year to -7% and -5%, from its previous -7% and -4% range.
August 11, 2020
Disruption and Digitalisation
Singapore and Australia sign digital economy agreement to facilitate a seamless digital trading environment amid Covid-19
The SADEA with Australia enables both countries to create a seamless digital trading environment which is crucial for businesses during the COVID-19 pandemic.
August 06, 2020
Zest
'Fast lane' travel between Singapore and China gets the green light to start on June 8
Singapore iwill allow essential business and official trips between the republic and six Chinese provinces from June 8
June 03, 2020