Claire Huang

Feb 27, 2025 | straitstimes.com | Claire Huang

SINGAPORE - The large deviation in surplus projections for fiscal year (FY) 2024 is a topic that was raised several times in Parliament in the past two days in the Budget debate. MPs were heartened that Singapore’s national coffers have been boosted by better-than-expected revenue in FY2024 that meant a surplus of $6.4 billion – a reversal from an overall Budget deficit of $2.6 billion in FY2023.

Feb 24, 2025 | straitstimes.com | Claire Huang

SINGAPORE - Singapore’s core inflation extended its decline in January to a more than three-year low, on the back of a smaller increase in prices across broad categories except for private transport. Core inflation, which excludes private transport and accommodation costs to better reflect the expenses of Singapore households, slid to 0.8 per cent year on year, from a revised 1.7 per cent in December. This is the lowest since June 2021, when core inflation was 0.6 per cent.

Feb 18, 2025 | straitstimes.com | Claire Huang

Follow our live coverage here. SINGAPORE - Singapore’s national coffers have been boosted by better-than-expected revenue in the fiscal year (FY) 2024, led by the jump in corporate income tax, Prime Minister and Finance Minister Lawrence Wong said in his Budget speech on Feb 18. The Ministry of Finance (MOF) said firms paid more in corporate income tax, which was up 6.5 per cent year on year to $30.9 billion in FY2024. This is up from the estimated $28 billion.

Feb 12, 2025 | straitstimes.com | Claire Huang

SINGAPORE - A surge in consumers taking up investment-linked plans helped Singapore’s life insurance business to recover strongly in 2024 after a drop in sales the previous year. The life insurance sector here grew 19.7 per cent year on year in 2024 to $5.87 billion in total weighted new business premiums, which is a rough measure of new sales, according to figures from the Life Insurance Association (LIA) Singapore (LIA) on Feb 13..

Feb 10, 2025 | straitstimes.com | Claire Huang

SINGAPORE - From buying a phone online to settling a bar tab at a nightclub, consumers and businesses seem to be more open to using cryptocurrency as a form of payment. The first item Mr Yong Ming Yang paid for in cryptocurrency was a Web3 phone he bought online, in the first half of 2024.