Colin See’s Post

His comments came a couple of days after private-sector economists estimated that gross domestic product (GDP) would expand by 2.6 per cent in 2024, up from the 2.4 per cent they had projected in an MAS survey in June. #singapore #gdp #growth #inflation #manufacturing #asia #asean #economy #UBS #RBI #global #macroeconomic #financial #mas

Singapore will expand Changi Airport’s network from 150 destination cities to over 200 by the mid-2030s. Prime Minister Lawrence Wong said this is one of the ways the country can stay ahead amid fierce competition in the global aviation sector. The global air passenger volume is expected to double by 2040. #singapore #aviation #travel #destination #network #changiairport #global #airport #innovation #laboratory #research #development #automation #asia

“From our days as an oil storage and distribution hub, we are now evolving to be an attractive global destination for speciality and sustainable chemicals,” added Ms Fu, Minister-in-charge of Trade Relations. #invest #Evonik #Singapore #process #global #chemicals #oil #jurongisland #methionine #trade #manufacturing #research #additives #energy #sustainable #speciality #alkaline #electrolyser #carbon

Singapore's MTI narrowed its 2024 growth forecast to 2 per cent to 3 per cent, from its earlier estimated range of 1 per cent to 3 per cent. This was after taking into account the performance of the Singapore economy in the first half of 2024, as well as the latest global and domestic economic situations, said the ministry. #singapore #economy #forecast #asia #growth #GDP #wholesale #finance #insurance #IT #Electronics #tourism #manufacturing #biomedical #pharmaceutical #banking

Deputy Prime Minister Heng Swee Keat said Singapore needs to strengthen its tripartite partnerships. He was speaking at the Future Economy Conference, where a report was released on the country's economic transformation over the past eight years. It showed the importance of strengthening Singapore's position as a global Asia node for technology, innovation and enterprise. The report also highlights how Singapore will be doubling down on new growth areas. Singapore Business Federation CEO Kok Ping Soon shared more about Singapore's next phase of economic growth. #singapore #economy #asia #global #growth #tripartite #transformation #futureeconomyconference #technology #innovation #enterprise #invest 

Economic growth in the past three months added to the fastest pace of expansion in six quarters as reviving global demand for electronic goods put Singapore’s semiconductor industry back in the driving seat.

They are moving to not only the UAE, but also the other oil-rich countries in the Middle East nicknamed the Gulf Falcons after the bird that has long been synonymous with the region. As these Gulf states diversify their economies amid the global transition from the fossil fuels that have brought them wealth for decades, they have gone all out to attract talent to help build new engines of growth. #UAE #Oman #SaudiArabia #GCC #Qatar #Singapore #Expatriates #Dubai #Muscat #nonoil #startups #economy #Gulf #overseas #talent #employment #investment #entreprenur #work #companies

It found that start-ups based here accounted for 63.7 per cent of all equity deals in the Asean-6 group of nations in 2023, compared with 56.7 per cent in 2022. #startup #equity #venture #singapore #funding #investment #ShopBack #Thunes #SCIEcommerce #businessfundamentals #innovativesolutions #growth #deeptech #artificialintelligence #research #development #EnterpriseSG #newbusiness

The respondents of the MAS survey also gave their maiden forecast for 2025, with GDP next year projected to expand by 2.5 per cent. #singapore #economy #GDP #MAS #forecast #economist #growth #globaleconomy #macroeconomics #monetarypolicy #inflationrate #interestrates

For PUB, which has set a target to achieve net zero emissions by 2045, the collaboration with UCLA and Equatic is part of Singapore’s broader efforts to source for novel technologies, such as carbon capture, utilisation and storage (CCUS), which could contribute to mitigating the impacts of climate change. #sustainabilitygoals #singapore #emissionsreduction #climatesolutions #carbonremoval #seawater #atmosphere #greeneconomy #innovationinaction #engineeringtomorrow #CCUS #carboncredits #partnershipexcellence #ucla