The Ministry of Trade and Industry (MTI) has upgraded Singapore's GDP growth forecast for 2025 to 1.5% to 2.5%, reflecting better-than-expected performance in early 2025. This growth is supported by strong performance in sectors such as wholesale trade, manufacturing, and finance.
Singapore's business outlook for 2025 is characterized by cautious optimism, with projected GDP growth of 1.5% to 2.5%, driven by sectors like electronics, finance, and modern services, despite facing global economic uncertainties.
Expanded further from last quarter’s 4.7% growth.
All clusters saw increased output except chemicals and general manufacturing.
Growth continued from the previous quarter’s 4.9%, driven by both public and private sector projects.
Momentum strengthened from 4.0% last quarter, supported by higher non-oil re-exports and regional demand.
Extended its modest growth from 0.3% previously, lifted by improved consumer spending and tourism.
Still expanding, though at a slower pace than the 6.2% seen in the previous quarter.
Rebounded strongly, reversing the 1.1% contraction in the previous quarter with higher visitor arrivals.
Continued to contract, following the 0.7% decline last quarter, as dining demand remained subdued.
Sustained stable growth from 4.1% previously, supported by financial intermediation and insurance services.
Expanded, though growth eased from 7.5% last quarter amid slower private housing activity.
Extended growth from 1.9% in the previous quarter, driven by demand for consultancy and technical services.
In today’s rapidly changing global landscape—especially under the prolonged impact of U.S. tariff policies—economic slowdown has intensified uncertainty in the business environment. Businesses urgently need to break away from traditional models and seek new paths for sustainable operations and growth.
To thrive in today's evolving business landscape, Singapore businesses need to capture opportunities and grow their business by increasing the quality of their products and services with capability development, technology and talent.
Since 1995 we at Enterprise Innovation Centre (EIC) in Singapore has been actively championing innovation and entrepreneurship in China-ASEAN markets.
Holistic Transformation is Critical. We work hand-in-hand with businesses to enhance competitive edge and boost capabilities:
Transform your business models through automation and digitalisation.
Develop talent through specially curated programmes that cover expertise from practical skills to thought leadership.
Meet local and global market demands with quality and consistency through standards and sustainability practices.
Accelerate business growth by strengthening capabilities in leadership and strategy development.
Develop digital capabilities to boost efficiency and stay competitive.
Attract talent and develop employees' skills through mentorship and career advancement programmes.
Attract new customers and cultivate brand loyalty with products and services known for quality.
Capture new opportunities in the green economy by integrating sustainability into the business.
Partnering Enterprises to Transform Business and Workforce with Integrated Innovation
Senior Consultant
Sino-China Market Development
A professional + entrepreneur who champions for SME development since 2000 of rich experience and exposure in global business landscape, coupled with in-depth appreciation of multi-racial and multi-cultural environment basing in Singapore for more than two decades.
Capable of speaking the lingo of business owners and operators to address their concern together at various growth stage of companies from start-up to IPO.
Practical solution implemented includes family succession planning, business matching, funding and marketing.
Nature of business served includes retail and distribution, private education, consulting, asset management, industrial park, etc., in both Singapore and China.
Attributes favourable to accomplishing assignment for businesses as a keen stakeholder:
Executive Director
Technology Specialist & Human-Centred Innovator
Mei Leng is a season professional + entrepreneur in the technology arena, driven by profound belief that technology should elevate humanity. Her mission is to make industrialized manufacturing safer and smarter through tightly integrated grid systems—while ensuring that innovation itself remains deeply human-centred.
With over three decades of experience in engineering, automation, and technology-driven business transformation, Mei Leng has worked across diverse international landscapes, including Singapore, China, Malaysia, and Canada. Her focus lies in developing deep-tech solutions that responsibly integrate intelligent control, data-driven safety systems, and sustainable energy technologies. These efforts align closely with advancing high-tech and green manufacturing priorities emerging from Asia’s innovation hubs.
Mei Leng’s dedication extends beyond the technical specifications. She is passionate about cultivating the next generation of changemakers. As a volunteer with STEMIE Advantage Singapore, she guided young innovators, encouraging them to view engineering not merely as the art of building complex systems but as the craft of creating environments that serve humanity with simplicity and purpose. Mei Leng’s commitment to excellence and tangible impact has resulted in noteworthy distinctions.
Recognition & Contribution
Principal Consultant/Mentor/Trainer
Integrated-Innovation Driven Transformation
Innovative and entrepreneurial achiever playing 3-in-1 role: Professional+Entrepreneur+Mentor/Trainer, with rich experience and exposure in China-ASEAN business landscape and international collaboration network.
Committed to enhancing the capabilities of industries, enterprises, and people to embark on transformation roadmap to recover and grow amid economic amid crisis coupled with opportunities in concerted efforts with Government agencies, Eco-system partners and business community!
Empowering businesses to accomplish transformation holistically by:
Well-spread trade and industry exposure:
Business-oriented innovator with risk-management background by qualification and practice, who assists businesses to leverage on innovation and capability development coupled with Singapore’s strategic situation and government assistance.
With rich experience and exposure in China-ASEAN business landscape and international collaboration network, empowering business transformation from innovation to internationalisation.