Impact of Slow Economy on Retail and F&B; Pedestrian Injured in Tampines Accident
The Monetary Authority of Singapore (MAS) announced on Wednesday that the country's economic growth is forecasted to decelerate in the latter part of 2025 following a strong start to the year. This slowdown may impact sectors like retail and food and beverage, which faced challenges in the first six months despite overall economic growth. The MAS has indicated concerns about the potential impact on these domestically focused industries. In other news, a driver was taken into custody on 30 July after a multi-vehicle accident in Tampines that resulted in a pedestrian being injured. The incident, involving a van and two cars, occurred at the junction of Tampines Avenue 5 and Tampines Central near Our Tampines Hub around 9.30am. Stay updated with further developments by reading our live blog featuring the latest local and international news.
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