The Republic has made progress in key areas of national interest, according to the eighth edition of the Singapore Public Sector Outcomes Review, a stocktake of Singapore's progress released every two years.
Published by the Ministry of Finance (MOF) on Nov 1, the report outlined opportunities that Singaporeans have at every stage of life.
It also highlighted how Singaporeans have stepped up as part of the Forward Singapore exercise to help shape the country's next stage of development.
Here are 10 key takeaways from the report:
1 ECONOMY
ECONOMY CONTINUES TO GROW, WHILE INFLATION IS DOWN
Singapore's real gross domestic product (GDP) grew at an annualised rate of 2.6 per cent between 2019 and 2023. Real GDP growth for 2024 is expected to be at the upper end of the 2 per cent to 3 per cent forecast range, improving on the 1.1 per cent achieved in 2023.
Inflation slowed significantly in 2024, after having stayed high in the preceding two years. This is partly due to the appreciation of the Singapore dollar, a fall in food commodity prices and less labour market tightness, said MOF.
SINGAPORE REMAINS TOP IN COMPETITIVENESS The Republic was ranked the most competitive economy in the International Institute for Management Development's (IMD) World Competitiveness Yearbook 2024, and was also the world's leading business environment for the 15th consecutive year in the Economist Intelligence Unit's business environment rankings for 2023.
Business formation here was also strong - over 70,000 business entities were formed in 2023, more than the 64,000 yearly average from 2019 to 2022.
2 EMPLOYMENT AND RETRAINING RISING WAGES, HIGH EMPLOYMENT The employment rate of residents aged 25 to 64 in 2023 was 82.6 per cent, higher than the 80.8 per cent achieved before the Covid-19 pandemic in 2019. Residents also generally saw an increase in their wages over the past few years, said MOF.
Diese Geschichte stammt aus der November 02, 2024-Ausgabe von The Straits Times.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der November 02, 2024-Ausgabe von The Straits Times.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Percival Everett wins US National Book Award for fiction
American author Percival Everett won the US National Book Award for fiction on Nov 20 for his novel James, a propulsive and slyly funny retelling of American writer Mark Twain's Adventures Of Huckleberry Finn (1884) from the perspective of Huck's companion, an enslaved man named James.
Actor Jussie Smollett's conviction for staged attack overturned
American actor Jussie Smollett's conviction for fabricating a racist and homophobic hate crime in Chicago in 2019 was overturned on Nov 21 on due process grounds.
K-pop CD output draws fire as plastic waste talks loom
SEOUL - K-pop music may be South Korea's buzziest export, but the industry needlessly creates mountains of plastic in its home market by churning out CDs that most fans do not even listen to, critics say.
Actress Yvonne Lim returning to Singapore after 10 years in Taiwan
Singaporean actress Yvonne Lim is ready for a new chapter in her life. The 48-year-old announced on social media on Nov 21 that she has opened a YouTube channel.
Striking scenes from abstract triptych in Puppet Origin Stories
A wilfully abstract triptych of stories that make up the third edition of Puppet Origin Stories will frustrate the theatregoer in search of meaning, but delight those who can surrender to the weird and affecting visual scenes crafted on stage.
Kim Soo-hyun samples local food and finds it 'very satisfying'
The K-drama star is here to promote his new series as part of Disney's showcase of upcoming Asian titles
Entrepreneur rediscovers her need for speed
Ms Janice Oo lives out the famous line from the 1986 Hollywood flick, Top Gun, when the lead character \"Maverick\", played by Tom Cruise, declared: \"I feel the need, the need for speed.\"
Timeless Velar refreshed with hybrid engine
The model by Range Rover is relaxing to drive, but the controls feel lighter and less direct than those of its rivals
Wish come true for BYD buyers with families
The M6 is the first mid-sized electric seven-seater to be available here
Subtle serenity
Newly-weds pick clean, functional Japandi aesthetic for their HDB flat
