Singapore business news
Here are some recent Singapore business news updates:
Economy
- Singapore's economy grew 1.2% in Q2 2022, slower than expected, due to a decline in manufacturing output and a contraction in the construction sector. (Source: Channel NewsAsia)
- The Monetary Authority of Singapore (MAS) has kept its monetary policy unchanged, citing the need to balance growth and inflation risks. (Source: The Business Times)
Technology
- Singapore-based fintech company, Grab, has launched a new digital bank in Vietnam, marking its first foray into the country's banking sector. (Source: The Straits Times)
- Singapore's Temasek Holdings has invested in Indian fintech company, Paytm, as part of a $1 billion funding round. (Source: Bloomberg)
Real Estate
- Singapore's property market is expected to remain stable in the second half of 2022, with prices expected to rise by 2-5% due to low interest rates and a shortage of housing supply. (Source: The Business Times)
- CapitaLand has acquired a 50% stake in a Singaporean logistics company, Logos, for $150 million. (Source: The Straits Times)
Finance
- DBS Bank has launched a new digital banking platform in Singapore, offering customers a range of financial services and products. (Source: The Business Times)
- Singapore's OCBC Bank has partnered with Chinese fintech company, Ant Financial, to offer digital payment services in Singapore. (Source: The Straits Times)
Manufacturing
- Singapore's manufacturing sector contracted in June 2022, due to a decline in output in the electronics and precision engineering sectors. (Source: Channel NewsAsia)
- Singapore-based chipmaker, Micron Technology, has announced plans to invest $3 billion in a new memory chip plant in the country. (Source: The Straits Times)
Tourism
- Singapore's tourism sector is expected to recover in the second half of 2022, with the government aiming to attract 14 million visitors by the end of the year. (Source: The Business Times)
- Singapore Airlines has launched a new direct flight service from Singapore to Seattle, Washington, in the United States. (Source: The Straits Times)
Startups
- Singapore-based startup, Foodpanda, has raised $100 million in funding from investors, including Temasek Holdings and Singapore's sovereign wealth fund, GIC. (Source: The Business Times)
- Singapore's startup ecosystem has been ranked as one of the top 10 in the world, according to a report by StartupBlink. (Source: The Straits Times)
These are just a few of the latest Singapore business news updates. If you're looking for more information, I can try to provide you with additional sources or articles.