Singapore GDP down; Freight traffic up

Also, Singapore is India’s top FDI source for 7th year in a row

Author

Anand Srinivasan
June 03, 2025

“If you cannot do great things, do small things in a great way.”: Napoleon Hill

Today’s Top Stories:

  • Singapore GDP growth down from 5% in 2024 to 1.6% in 2025

  • APAC is largest and fastest-growing air travel market

  • Singapore is India’s top source of FDI

  • Singapore Port and Airport see jump in cargo transport

Singapore GDP growth down from 5% in 2024 to 1.6% in 2025

  • The manufacturing sector, led by electronics, remains a key growth driver.

  • Non-oil domestic exports to grow 3.3% YoY in 2025

  • US sector-specific tariffs on electronics and pharmaceuticals pose downside risks

  • Consumer Price Index (CPI) to reduce to 1.5% in 2025. It was 2.4% in 2024.

APAC is largest and fastest-growing air travel market

  • Airline net profits to rise to $36 billion in 2025 (up from $32 billion in 2024)

  • Strong APAC demand due to visa relaxation among China, Vietnam, Malaysia and Thailand

  • Airbus sees core economic growth in APAC robust. APAC needs 19,500 new plans by 2043.

Singapore is India’s top source of FDI

  • Singapore is India’s top FDI source for 7th year in a row

  • Contributes 19% of total inflows at $14.94 billion

  • Followed by US ($5.45 billion), the Netherlands ($4.62 billion), and the UAE ($3.12 billion)

  • Double Tax Avoidance Agreement between India-Singapore enables Singaporean firms to invest in India while reducing total tax burden on Indian-earned income

Singapore Port and Airport see jump in cargo transport

  • Port operator PSA Singapore sees 6% jump between Jan-Apr this year

  • Changi says air freight movement up 2% for same period

  • Maersk expects trend to continue for the second quarter

  • US tariffs has prompted logistics providers to use Singapore as alternative route

Chart of the day

Singapore Property Market Trends

Ongoing and Upcoming Events

  • 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

  • June 06 - 09 2025

  • Unique B2B and B2C concept food exhibition