Singapore Economy
Singapore may be small but is not without agency; committed to open, stable and rules-based global system: PM Wong
Singapore will continue to be a safe harbour, a global emporium and a trusted hub for all, said Prime Minister Lawrence Wong in a major speech charting out the Republic’s response to the fraying international order.
Five ministers to helm new economic resilience task force to help S’pore navigate US tariffs
Singapore task force tackles US tariff impact with communication, support, long-term strategies
Five ministers and three leaders from the labour movement as well as business and employer groups will lead the new Singapore Economic Resilience Taskforce, announced by Prime Minister Lawrence Wong on April 8, to help local businesses and workers navigate uncertainties sparked by the sweeping tariffs recently imposed by the United States.
https://www.zaobao.com.sg/realtime/singapore/story20250416-6198432
Singapore may revise 2025 key exports forecast due to US tariffs as shipment growth slows in March
Growth in Singapore’s key exports slowed in March ahead of the global trade chaos sparked by US President Donald Trump’s tariff barrage. Enterprise Singapore noted it is “actively monitoring the evolving tariff situation and will adjust the Nodx forecast for 2025 as necessary to reflect the changing market conditions”.
https://www.zaobao.com.sg/realtime/singapore/story20250417-6201252
Singapore SMEs enter contraction territory in Q1 2025 amid global uncertainty: OCBC
The Republic’s small and medium-sized enterprises (SMEs) slipped into contractionary territory in Q1 2025 for the first time since Q1 2024, the latest OCBC SME Index report released on Wednesday (Apr 16) indicated.
Business News
CapitaLand Investment launches first retail Reit in China with assets worth 2.8 billion yuan
CapitaLand Investment announced on Thursday (Apr 17) that it intends to launch its first real estate investment trust (Reit) in China, to be named CapitaLand Commercial C-Reit (CLCR).
https://www.zaobao.com.sg/realtime/singapore/story20250417-6201255
Keppel DC Reit Q1 DPU up by 14.2% to S$0.02503 on acquisitions, strong portfolio performance
Keppel Data Centre Reit (Keppel DC Reit) : AJBU 0% recorded a higher distribution per unit (DPU) of S$0.02503 for the first quarter, up 14.2 per cent from S$0.02192 in the previous corresponding period, said its manager.
https://www.zaobao.com.sg/realtime/singapore/story20250417-6201247
Keppel Pacific Oak US Reit Q1 distributable income falls 19.3% to US$9.6 million
Keppel Pacific Oak US Reit posted a distributable income of US$9.6 million for its first quarter ended Mar 31, down 19.3 per cent from US$11.9 million in the previous corresponding period.
https://www.zaobao.com.sg/realtime/singapore/story20250417-6201295
PwC exits more than a dozen countries to avoid scandals: FT
PwC has shut down operations in more than a dozen countries that are deemed too small, risky or unprofitable, as the Big Four accounting firm aims to prevent repeats of scandals that have affected it, the Financial Times (FT) reported on Wednesday (Apr 16).
Global Economy / Real Estate News
Trump tariffs could put US Fed in a bind, its chief Jerome Powell warns
Powell says Fed remains in wait-and-see mode; markets processing policy shifts
WTO slashes 2025 trade growth forecast, warns of deeper slump
US retail sales surge in March due to motor vehicle buying ahead of tariffs
US homebuilder sentiment ticks up but tariffs weigh on outlook
https://www.businesstimes.com.sg/property/us-homebuilder-sentiment-ticks-tariffs-weigh-outlook
New Trump-branded luxury residential project launched in India
Trump tariffs provoke growing economic uncertainty
https://www.businesstimes.com.sg/international/trump-tariffs-provoke-growing-economic-uncertainty
China Q1 GDP growth beats expectations, but US tariff shock dims outlook
China’s new home prices flat in March, investment remains weak
https://www.businesstimes.com.sg/property/chinas-new-home-prices-flat-march-investment-remains-weak
Japan crosses 10 million visitors through March at fastest ever pace
Japan exports rise 3.9% y/y in March
https://www.channelnewsasia.com/business/japan-exports-rise-39-yy-march-5070771
How South-east Asian growth enterprises should adapt to US tariffs
Trump tariffs threaten to crush Vietnam’s factory boomtowns
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