Around 200 People Become Singapore Permanent Residents Through Global Investor Programme (GIP) from 2020 to 2022
2023-02-24
Announcement: Mr. Joel Leong Kum Hoe Has Been Appointed as a Partner of FOZL Corporate Strategy
2023-03-02
On February 27, 2023, the latest data released by Department of Statistics Singapore showed that the overall business receipts of the services industries (excluding Wholesale Trade, Retail Trade, Accommodation and Food Services) increased 10.9% in 4Q2022 compared to the same quarter in 2021. All industries registered higher business receipts on a year-on-year basis.
Source: Department of Statistics Singapore
The Recreation & Personal Services industry registered a year-on-year growth of 36.8% in turnover. This was attributed mainly to increased earnings of firms in the gaming and attractions segment in 4Q2022 relative to 4Q2021 when stricter covid-19 restrictions on operating capacity and social gathering group sizes were in place.
Similarly, the Information & Communications industry grew by 14.9% due mainly to software developers and IT consultancy firms which saw an increase in business activities.
Source: Department of Statistics Singapore
The Real Estate industry also recorded an increase of 12.6% in revenue, with the growth driven mainly by firms letting out real estate properties. The Professional Services industry recorded a double-digit increase of 13.3% in business receipts. Within the industry, firms engaged in legal, head office and business & management consultancy activities reported an increase in revenue.