Singapore Economy
Singapore’s 2025 Budget statement to be delivered in parliament on Feb 18
Prime Minister and Minister for Finance Lawrence Wong will deliver Singapore’s 2025 Budget statement in parliament on Feb 18, the Ministry of Finance (MOF) said on Friday (Dec 27).
https://www.businesstimes.com.sg/singapore/pm-wong-deliver-2025-budget-statement-feb-18
https://www.straitstimes.com/singapore/politics/pm-lawrence-wong-to-deliver-budget-speech-on-feb-18
Singapore’s factory output rises 8.5% in November, below estimates
Singapore’s factory output grew 8.5 per cent on year in November, outpacing the previous month’s growth of 1.2 per cent. This came as output in the key electronics sector surged, though gains were offset by the volatile biomedical manufacturing sector, data from the Singapore Economic Development Board showed on Thursday (Dec 26).
Deloitte proposes allowing multinationals to pay taxes in interest-free instalments in Budget 2025 wish list
Singapore can consider allowing businesses to pay the upcoming domestic and multinational top-up taxes in interest-free instalments, to better support multinationals in navigating the minimum tax framework under Global Anti-Base Erosion Model Rules.
https://www.zaobao.com.sg/realtime/singapore/story20241226-5649536
Global Economy & Real Estate
Repo rates rise even after Federal Reserve tweak meant to dampen volatility
US continuing claims rise to highest in more than three years
https://www.businesstimes.com.sg/international/us-continuing-claims-rise-highest-more-three-years
US mortgage rates rise for second week to highest since July
https://www.businesstimes.com.sg/property/us-mortgage-rates-rise-second-week-highest-july
How should Beijing intervene to save Chinese firms from vicious competition?
China’s local-finance cleanup opens new chapter with state firms
World Bank raises China’s GDP forecast for 2024, 2025
https://www.businesstimes.com.sg/international/world-bank-raises-chinas-gdp-forecast-2024-2025
China to build world’s largest hydropower dam in Tibet
https://www.businesstimes.com.sg/international/china-build-worlds-largest-hydropower-dam-tibet
Help urged for construction workers reportedly facing axe at Hong Kong firm
Hong Kong private sector has role to play in provision of homes for the elderly
BOJ board divided on how soon to hike rates, December summary shows
Inflation in Japan’s capital accelerates, keeps rate hike prospects intact
Japan to unveil record budget with ramped-up defence spending
https://www.businesstimes.com.sg/international/japan-unveil-record-budget-ramped-defence-spending
Miami condos from Carbone owner land US$285 million loan
https://www.businesstimes.com.sg/property/miami-condos-carbone-owner-land-us285-million-loan
South-east Asia stays hot on investors’ radars, with manufacturing and real estate among the biggest draws: observers
South Korea’s business confidence tumbles by most since pandemic
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