Headline News In 60 Seconds Daily 2025-08-13T08:02:26.515Z
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- 📈 Singapore's Economic Surge: GDP Grows 4.4% in Q2, 2025 Forecast Upgraded Singapore's GDP grew by 4.4% year-on-year in Q2 2025, buoyed by strong manufacturing output, according to data from the Ministry of Trade and Industry announced on August 12, 2025. The government revised its 2025 forecast upwards, reflecting robust economic resilience amidst global uncertainties.
- 🌟 Singapore's Growth Forecast Boosted Amid Q2 Surge, Despite MTI's Caution Against Uncertain Outlook Singapore's Ministry of Trade and Industry (MTI) upgraded its 2023 growth forecast following a robust second quarter; however, officials caution about potential global uncertainties affecting future economic stability, announced on August 10, 2023.
- 📈 Singapore Raises 2025 GDP Forecast: Economic Optimism Follows Strong Q2 Growth Singapore's Ministry of Trade and Industry revised its 2025 GDP forecast upward on October 10, 2023, citing a robust 3.5% expansion in Q2 2023. Minister Gan Kim Yong emphasized the role of manufacturing and finance sectors in driving growth.
- 📈 Singapore's Economic Surge: 2025 GDP Forecast Raised Following Strong Q2 Performance In a promising economic announcement, Singapore raised its 2025 GDP growth forecast after Q2 2025 exceeded early expectations. The Ministry of Trade and Industry, on August 12, recognized robust manufacturing and service sectors’ contributions.
- 🌏 Singapore's 2025 Growth Boost: Optimism Mixed with Warnings of Economic Risks Singapore's Ministry of Trade and Industry announced on October 2023 an improved growth forecast for 2025, yet highlighted potential risks like geopolitical tensions and climate change impacts. The revised outlook underscores resilience amidst global uncertainties.
- 💱 CIMB Singapore Launches FX Platform: SMEs Gain Access to ASEAN's Best Exchange Rates On October 4, 2023, CIMB Singapore introduced its new FX Online platform, enabling small and medium-sized enterprises (SMEs) to make easy cross-border transactions with guaranteed best exchange rates across the ASEAN region.
- 🏡 Singapore Housing Policy Review and Telecom Industry Update The Singapore government is reviewing Housing Development Board Build-To-Order (HDB BTO) flat income ceilings for couples and age limits for singles. Meanwhile, analysts believe a telco price war is improbable after Keppel Corporation's sale of its M1 stake to Simba Telecom.
- 🕊️ Loss in Business World: Singapore Wuthelam Billionaire Founder Goh Cheng Liang Passes Away Goh Cheng Liang, founder of Wuthelam Holdings, a Singaporean paint conglomerate, died at 97 on August 12, 2025. Known for his partnership with Japan's Nippon Paint, Goh was pivotal in expanding his business empire.
- 😢 Passing of a Business Icon: Nippon Paint tycoon and Wuthelam founder Goh Cheng Liang dies at 98. Goh Cheng Liang passed away on October 2023 at the age of 98. Goh, a pivotal figure in the paint industry, founded Singapore-headquartered Wuthelam Holdings in 1974. He significantly impacted Nippon Paint's growth, becoming one of Singapore's richest people with a net worth estimated at US$14.8 billion.
- ✈️ Singapore Airdrop: Humanitarian Aid Delivered to Gaza Amid Crisis On October 23, 2023, the Republic of Singapore Air Force conducted its second airdrop operation to deliver crucial humanitarian aid to Gaza, supporting ongoing relief efforts in the conflict-stricken region.
- 💰 Singapore's Live Commerce Market Set to Reach US$1.3 Billion in 2023, Reports DBS DBS Bank projects Singapore's live commerce market to reach US$1.3 billion in 2023. The boom is attributed to increased consumer engagement and innovative retail strategies. DBS released this forecast in October 2023.
- 🖌️ Farewell to a Paint Tycoon: Singapore Billionaire Goh Cheng Liang Dies at 98 Goh Cheng Liang, the Singaporean billionaire who held a majority stake in Nippon Paint, passed away. His strategic investments and leadership turned Nippon Paint into one of the largest paint manufacturers globally, significantly impacting the coatings industry.
- 🎬 Jisoo's Singapore Adventure: Blackpink Star Films New Music Video in Rainforest Wild Asia Blackpink's Jisoo was spotted filming a new music video in Singapore's renowned Rainforest Wild Asia at the end of September 2023, showcasing the lush and vibrant backdrop of the region. The production was kept under wraps but generated excitement among fans when details emerged on October 1, 2023. This marks the first time Jisoo has chosen Singapore as a filming location for her solo projects, highlighting the increasing appeal of Southeast Asian landscapes in global music productions.
- 📈 Singapore's Economic Forecast: Slight GDP Growth Predicted Despite Uncertain Global Outlook Singapore upgraded its GDP growth forecast for 2025 but cautioned that uncertainties remain due to global economic challenges. The Monetary Authority of Singapore projects a moderate growth range, despite prevailing risks.
- 🎤 Eric Moo's Return: The Veteran Singer to Grace Singapore Stage This October! Eric Moo, the celebrated Malaysian singer, will perform at The Theatre at Mediacorp on October 14, 2023. Known for his Mandopop hits, Moo is returning to Singapore after his previous performance there in 2016.
- 🚇 Train Service Disruption: Service on Singapore's North East Line resumes after morning disruption due to a track fault. Service on Singapore's North East Line, operated by SBS Transit, resumed at 8:12 AM on October 26, 2023, after a disruption caused by a track fault earlier that morning. The service had experienced delays starting at approximately 5:30 AM, impacting commuters during the peak travel period. No casualties were reported, and alternative transport arrangements were made available.
- 🎨 Loss in Singapore's Business World: Paints tycoon Goh Cheng Liang dies at 98, leaving behind a multinational legacy. Goh Cheng Liang, founder of Nippon Paint, passed away on August 12, 2025, in Singapore. With an estimated net worth of $21.2 billion, he was among Asia's wealthiest individuals. His family-run business expanded globally, with collaborations like the one with Nipsea Group, involving operations across 17 geographical locations. Goh's journey from humble beginnings, including distributing paint from his boat, highlights the entrepreneurial spirit that led to one of the world’s leading paint companies.
- 🎉 Singapore Honors Business Excellence: "The Entrepreneur Singapore 2025" Celebrates Top Entrepreneurs and Industry Leaders On August 12, 2025, The Entrepreneur Singapore 2025, organized by the Association of Trade and Commerce, honored Singapore's leading entrepreneurs such as Jane Lim from Tech Innovate Ltd. and received immense public attention.
- 🛑 Guam Deployment Halted: Singapore's F-15 Fighter Jet Plan Cancelled The Singapore Ministry of Defence cancelled its plan to deploy F-15SG fighter jets to Andersen Air Force Base in Guam after a detailed review in October 2023, citing operational and logistic considerations.
- 🏡 Freehold Property Regret: A Costly Lesson in Singapore Real Estate Purchasing a freehold condo at Sant Ritz, Zhang Wei faced challenges due to inflated expectations and unforeseen maintenance costs, highlighting the importance of thorough research before buying property in Singapore.
- 📈 Singapore's Economic Surge: GDP Grows 4.4% in Q2, 2025 Forecast Upgraded Singapore's GDP grew by 4.4% year-on-year in Q2 2025, buoyed by strong manufacturing output, according to data from the Ministry of Trade and Industry announced on August 12, 2025. The government revised its 2025 forecast upwards, reflecting robust economic resilience amidst global uncertainties.
- 🌟 Singapore's Growth Forecast Boosted Amid Q2 Surge, Despite MTI's Caution Against Uncertain Outlook Singapore's Ministry of Trade and Industry (MTI) upgraded its 2023 growth forecast following a robust second quarter; however, officials caution about potential global uncertainties affecting future economic stability, announced on August 10, 2023.
- 📈 Singapore Raises 2025 GDP Forecast: Economic Optimism Follows Strong Q2 Growth Singapore's Ministry of Trade and Industry revised its 2025 GDP forecast upward on October 10, 2023, citing a robust 3.5% expansion in Q2 2023. Minister Gan Kim Yong emphasized the role of manufacturing and finance sectors in driving growth.
- 📈 Singapore's Economic Surge: 2025 GDP Forecast Raised Following Strong Q2 Performance In a promising economic announcement, Singapore raised its 2025 GDP growth forecast after Q2 2025 exceeded early expectations. The Ministry of Trade and Industry, on August 12, recognized robust manufacturing and service sectors’ contributions.
- 🌏 Singapore's 2025 Growth Boost: Optimism Mixed with Warnings of Economic Risks Singapore's Ministry of Trade and Industry announced on October 2023 an improved growth forecast for 2025, yet highlighted potential risks like geopolitical tensions and climate change impacts. The revised outlook underscores resilience amidst global uncertainties.
- 💱 CIMB Singapore Launches FX Platform: SMEs Gain Access to ASEAN's Best Exchange Rates On October 4, 2023, CIMB Singapore introduced its new FX Online platform, enabling small and medium-sized enterprises (SMEs) to make easy cross-border transactions with guaranteed best exchange rates across the ASEAN region.
- 🏡 Singapore Housing Policy Review and Telecom Industry Update The Singapore government is reviewing Housing Development Board Build-To-Order (HDB BTO) flat income ceilings for couples and age limits for singles. Meanwhile, analysts believe a telco price war is improbable after Keppel Corporation's sale of its M1 stake to Simba Telecom.
- 🕊️ Loss in Business World: Singapore Wuthelam Billionaire Founder Goh Cheng Liang Passes Away Goh Cheng Liang, founder of Wuthelam Holdings, a Singaporean paint conglomerate, died at 97 on August 12, 2025. Known for his partnership with Japan's Nippon Paint, Goh was pivotal in expanding his business empire.
- 😢 Passing of a Business Icon: Nippon Paint tycoon and Wuthelam founder Goh Cheng Liang dies at 98. Goh Cheng Liang passed away on October 2023 at the age of 98. Goh, a pivotal figure in the paint industry, founded Singapore-headquartered Wuthelam Holdings in 1974. He significantly impacted Nippon Paint's growth, becoming one of Singapore's richest people with a net worth estimated at US$14.8 billion.
- ✈️ Singapore Airdrop: Humanitarian Aid Delivered to Gaza Amid Crisis On October 23, 2023, the Republic of Singapore Air Force conducted its second airdrop operation to deliver crucial humanitarian aid to Gaza, supporting ongoing relief efforts in the conflict-stricken region.
- 💰 Singapore's Live Commerce Market Set to Reach US$1.3 Billion in 2023, Reports DBS DBS Bank projects Singapore's live commerce market to reach US$1.3 billion in 2023. The boom is attributed to increased consumer engagement and innovative retail strategies. DBS released this forecast in October 2023.
- 🖌️ Farewell to a Paint Tycoon: Singapore Billionaire Goh Cheng Liang Dies at 98 Goh Cheng Liang, the Singaporean billionaire who held a majority stake in Nippon Paint, passed away. His strategic investments and leadership turned Nippon Paint into one of the largest paint manufacturers globally, significantly impacting the coatings industry.
- 🎬 Jisoo's Singapore Adventure: Blackpink Star Films New Music Video in Rainforest Wild Asia Blackpink's Jisoo was spotted filming a new music video in Singapore's renowned Rainforest Wild Asia at the end of September 2023, showcasing the lush and vibrant backdrop of the region. The production was kept under wraps but generated excitement among fans when details emerged on October 1, 2023. This marks the first time Jisoo has chosen Singapore as a filming location for her solo projects, highlighting the increasing appeal of Southeast Asian landscapes in global music productions.
- 📈 Singapore's Economic Forecast: Slight GDP Growth Predicted Despite Uncertain Global Outlook Singapore upgraded its GDP growth forecast for 2025 but cautioned that uncertainties remain due to global economic challenges. The Monetary Authority of Singapore projects a moderate growth range, despite prevailing risks.
- 🎤 Eric Moo's Return: The Veteran Singer to Grace Singapore Stage This October! Eric Moo, the celebrated Malaysian singer, will perform at The Theatre at Mediacorp on October 14, 2023. Known for his Mandopop hits, Moo is returning to Singapore after his previous performance there in 2016.
- 🚇 Train Service Disruption: Service on Singapore's North East Line resumes after morning disruption due to a track fault. Service on Singapore's North East Line, operated by SBS Transit, resumed at 8:12 AM on October 26, 2023, after a disruption caused by a track fault earlier that morning. The service had experienced delays starting at approximately 5:30 AM, impacting commuters during the peak travel period. No casualties were reported, and alternative transport arrangements were made available.
- 🎨 Loss in Singapore's Business World: Paints tycoon Goh Cheng Liang dies at 98, leaving behind a multinational legacy. Goh Cheng Liang, founder of Nippon Paint, passed away on August 12, 2025, in Singapore. With an estimated net worth of $21.2 billion, he was among Asia's wealthiest individuals. His family-run business expanded globally, with collaborations like the one with Nipsea Group, involving operations across 17 geographical locations. Goh's journey from humble beginnings, including distributing paint from his boat, highlights the entrepreneurial spirit that led to one of the world’s leading paint companies.
- 🎉 Singapore Honors Business Excellence: "The Entrepreneur Singapore 2025" Celebrates Top Entrepreneurs and Industry Leaders On August 12, 2025, The Entrepreneur Singapore 2025, organized by the Association of Trade and Commerce, honored Singapore's leading entrepreneurs such as Jane Lim from Tech Innovate Ltd. and received immense public attention.
- 🛑 Guam Deployment Halted: Singapore's F-15 Fighter Jet Plan Cancelled The Singapore Ministry of Defence cancelled its plan to deploy F-15SG fighter jets to Andersen Air Force Base in Guam after a detailed review in October 2023, citing operational and logistic considerations.
- 🏡 Freehold Property Regret: A Costly Lesson in Singapore Real Estate Purchasing a freehold condo at Sant Ritz, Zhang Wei faced challenges due to inflated expectations and unforeseen maintenance costs, highlighting the importance of thorough research before buying property in Singapore.
