Daily Debrief: What Happened Today (Feb 26)
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Economists have raised Singapore's 2026 growth forecast to 3.6%, with headline inflation projected at 1.5%. PM Wong noted that retail and F&B rents have decreased as a share of business costs, and warned against over-reliance on taxing the wealthy. HSBC is initiating the sale of its Singapore insurance business, valued at over US$1 billion. Additionally, Singapore's factory output surged by 16.6% in January, driven by electronics, while Qantas plans to establish its first cabin crew base in Singapore by September, aiming for 650 crew members in five years.
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