44% Singaporean companies raising prices

6 in 10 Singapore businesses’ concerned about rising cost due to tariffs

Author

Anand Srinivasan
May 30, 2025

“Timing, perseverance and 10 years of trying will eventually make you look like an overnight success.” - Biz Stone, Co-Founder of Twitter

Today’s Top Stories:

  • Half of businesses passing off tariff hikes to manage costs

  • Singaporeans spend $1,831 annually on groceries

  • Emmanuel Macron’s Singapore Visit - Agenda

Half of businesses passing off tariff hikes to manage costs

  • 6 in 10 Singapore businesses’ concerned about rising cost due to tariffs

  • 8 in 10 are cautious about expanding and investing

  • 42% adjusting prices to reflect higher costs

  • 44% of companies planning to increase prices

Singaporeans spend $1,831 annually on groceries

  • Malaysians spent $1940 on food consumed at home last year. 

  • Singapore is second highest in South-east Asia

  • Singapore lower because only 32% of food budget goes to home food (52% for Malaysia)

Emmanuel Macron’s Singapore Visit - Agenda

  • Two day state visit starting May 29

  • Commemorates 60 years of diplomatic relations between Singapore and France

  • MOUs in defence and security, legal matters, artificial intelligence and transport expected

  • Comprehensive Strategic Partnership (CSP) on the agenda

Chart of the day

Ongoing and Upcoming Events 

  • Discussion on geopolitical developments, economic outlook and topical investment themes impacting the financial industry.

  • May 28 to 30, 2025

  • Singapore’s largest insurance ecosystem conference

  • June 03 to 05, 2025

  • 6th year of discussions on packaging value chain

  • 40+ expert speakers

  • June 04 to 05, 2025