Business

Currently, there are over 7,000 ultra-high-net-worth individuals in Singapore.

CEOs in Singapore are pessimistic compared to CEOs in other countries.

Most firms in Singapore already have processes in place to verify the educational qualifications of foreigners that are hired on EPs, according to companies and HR departments.

The 1.7 billion retail complex of Jewel Changi Airport is finally getting back on its feet as international travel resumes.

Investors are eager to explore new and safer opportunities in the digital market. Governments all over the world are also clarifying their policies on tokenised assets.

In the 4th quarter of 2022, leasing volumes for industrial properties fell 3.5% compared to the same quarter in 2021.

United Overseas Bank reported a 37% increase in its quarterly core profit. From October to December 2022, its core net profits soared to S$1.39 billion.

In the latest bidding exercise, Certificate of Entitlement premiums closed higher across the board.

In January 2023, international visitor arrivals in Singapore increased to 931,530. This is a new record, according to the Singapore Tourism Board.

The increase in the CPF salary ceiling will mean that those who earn over S$6,000 and their employers will need to contribute more to their retirement savings. 

According to the Ministry of Trade and Industry, the external demand outlook for 2023 has “improved slightly” since its last report in November.

SMEs in Singapore are growing more concerned over skyrocketing inflation and energy prices. However, the business outlook for 2023 remains positive.