Ministry of Trade and Ministry (MTI)

The government adjusted its outlook for full-year growth to around 1% from 0.5%-1.5%

Some of the analysts have kept their 2023 GDP estimates while others have lowered their full-year expectations.

MTI has narrowed its GDP growth forecast for 2021 from between 6% to 7% to “around 7%”.

Under the FTA, Singapore and UK companies will enjoy the same benefits that they are receiving under the EU-Singapore FTA.

Singapore has a problem with failure — we are just not making enough of them, reckons Dr Finian Tan.

Singapore’s core inflation stayed in the red for the fifth straight month in June. 

"Singapore has a more sophisticated electorate, that isn’t afraid to send a signal to the PAP about its displeasure over the government’s performance even when economic worries weigh heavily on their mind,” says market watcher Leonard Lim.

The Singapore Tourism Board (STB) says that it has drawn up safe management measures (SMMs) with the Ministry of Trade and Industry (MTI), Enterprise Singapore (ESG), and the Ministry of Health (MOH) for hotels on Friday.

Minister Chan Chun Sing calls Singapore and France “strategic partners”. “Our economic relations are growing stronger, enhanced by the entry-into-force of the EU-Singapore Free Trade Agreement (EUSFTA) in November last year,” he notes.

Singapore’s headline and core inflation continued their decline, falling deeper into the red in March.