Singapore retail sales growth is forecast to slow to 3% this year from 4% in H1 as weaker tourism, rising job cuts, and higher costs curb consumer spending, RHB said.
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- High earners and adults aged 35-44 lead planned Johor spending shift as RTS Link launch approaches.
- Singapore firms could pursue more asset sales and restructuring after recent disposals validated values not reflected in share prices, with Singtel alone potentially realising up to $23b.
- Small- and mid-cap firms have narrowed the corporate governance and transparency gap with larger peers but still lag in key areas such as ESG disclosures.
- Groceries and clothing lead categories set to lose spending as Singaporeans eye Johor Bahru ahead of RTS Link's opening.
