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Singapore News

News

As of june 20, 2025, a key in Singapore is the upcoming state visit of Indonesian President Prabowo Subianto on June 26, where he will meet Prime Minister Lawrence Wong for the annual Singapore-Indonesia Leaders' Retreat.

Families are holding funerals for Air India crash victims, with initial bodies identified. A study also revealed that one in four Singaporean youth have engaged in self-injury without suicidal intent.

Business News

On june 20, 2025, Indonesia and Singapore reaffirmed their strong economic ties during the Indonesia-Singapore Six Bilateral Economic Meeting. Both nations are focusing on deepening collaboration in key sectors like investment, clean energy, and human capital development. Progress was noted in visa facilitation and data center expansion in Nongsa Digital Park. Enhanced air connectivity and joint tourism programs are also expected to boost growth.

Economic News

Singapore and Indonesia have pledged to strengthen bilateral cooperation in defense, green development, and industrial growth. The G7 Leaders' Summit, held from june 20-17, 2025, in Kananaskis, also has implications for global economic outlook. Singapore's economic performance in Q1 2025 showed a 3.9% year-on-year growth. However, the Ministry of Trade and Industry maintains a GDP growth forecast of 0-2% for 2025 due to a subdued global economic outlook.

Political News

The political focus in Singapore centers on strengthening bilateral ties with Indonesia. Indonesian President Prabowo Subianto's visit on June 26, 2025, resulted in 19 strategic agreements. These agreements span military defense, health, economic cooperation, and the placement of skilled Indonesian workers in Singapore. Both leaders emphasized the importance of their strategic partnership, which has lasted over five decades.

Election News

Singapore's ruling People's Action Party (PAP) secured a landslide victory in the general election held on May 3, 2025. The PAP won 87 out of 97 parliamentary seats, extending its unbroken rule. While the Workers' Party maintained its 10 seats, the election served as the first national test for newly appointed Prime Minister Lawrence Wong. The results indicate a continued strong mandate for the PAP government.

Employment News

Singapore civil servants will receive a 0.4-month mid-year bonus for 2025, with junior-grade officers receiving an additional one-time payment of up to $400. This decision considers global economic uncertainties and a slower growth rate forecast for 2025. Advance estimates from the Ministry of Manpower show signs of decreasing labor demand, with employment growth slowing and unemployment rates slightly increasing since December 2024.

Business News

As of june 20, 2025, the Singapore market has seen modest gains, with the FSSTI Index up 0.1% for the day and 3.9% year-to-date. The Singapore REIT sector is slightly undervalued, with a Price/NAV ratio of 0.76. Interest rate cuts, expected by Q3 2025, could boost the Distribution Per Unit (DPU) of REITs with shorter debt maturity profiles. Thirty-two companies remain on the SGX Watch-List due to financial or compliance challenges.

Forecast (june 20 - June 21, 2025) Singapore will experience warm and humid Forecast with localized thundery showers.

june 20 (Sunday): Heavy thundery showers in the late afternoon/night, particularly in the southwest. High: 34∘C (93∘F), Low: 28∘C (82∘F).
June 26 (Monday): Localized short-duration thundery showers. High: 34∘C (93∘F), Low: 28∘C (82∘F).
June 27 (Tuesday): Localized short-duration thundery showers. High: 34∘C (93∘F), Low: 28∘C (82∘F).
June 28 (Wednesday): Localized short-duration thundery showers. High: 34∘C (93∘F), Low: 28∘C (82∘F).
June 29 (Thursday): Localized short-duration thundery showers. High: 33∘C (91∘F), Low: 28∘C (82∘F).
June 20 (Friday): Localized short-duration thundery showers. High: 33∘C (91∘F), Low: 28∘C (82∘F).
June 21 (Saturday): Localized short-duration thundery showers. High: 33∘C (91∘F), Low: 28∘C (82∘F).

Entertainment News

Singapore's entertainment scene is vibrant, highlighted by the announcement of blockbuster music acts for the 2025 Singapore Grand Prix, including Elton John, Foo Fighters, and G-DRAGON. The popular Children's Festival at Gardens by the Bay, featuring a Lilo & Stitch theme, is running until june 20, 2025. Additionally, the famous Balloon Museum is set to open in Singapore from June 7 to August 31, 2025, offering massive inflatable installations.