Singapore Signed Agreements With the United States and China (Top 2 Trading Partners) Despite its small physical size, Singapore sits astride the strategic route between the Malacca Straits and the South China Sea. Singapore is not only an important economic powerhouse in the world, but also a bellwether for economic confidence. As a trade-reliant country,…
Singapore Retains World Bank Ranking, Coming in Second Place Behind New Zealand Singapore in 2nd place and still going strong in its World Bank ranking as the second easiest place in the world to conduct business. The city-state held strong to its ranking even with the tougher conditions fraught with tensions in trade. India and…
Singapore Lead the Way of ASEAN’s Industry 4.0 Revolution The next wave of digital disruption is rapidly changing the economy as it sweeps through the different sectors across business, communications, impacting society and the individual. While the disruptions brought by technologies are catalysts of the change, they are also the transformative element of the manufacturing…
Singapore Continues to Improve and Help With International Standards Within the Civil Aviation Industry A mention of Singapore and people associate the island country with plenty of positive notes, from the global industry of many to a person walking down the street. Once again, Singapore had made it into the council of global civil aviation…
Singapore is World’s Smartest City: IMD Smart City Index 2019 Singapore has been named the World’s Smartest City, according to the inaugural IMD Smart City Index 2019. The Index ranked 102 cities worldwide based on their smart technology integration. Jointly presented by IMD World Competitiveness Center’s Smart City Observatory and Singapore University of Technology and…
Singapore is the World’s Most Competitive Economy: World Economic Forum Global Economic Competitiveness Report For more than 40 years, the World Economic Forum has been assessing countries’ long-term competitiveness in terms of economic growth and productivity. National competitiveness, as defined by the World Economic Forum (“WEF”), is “the set of institutions, policies, and factors that…
One-Stop Filing Service to Make Things Easier for Charities One-Stop Filing Service Aims to Save Cost for Charities A new one-stop filing service will save 2,000 charities in Singapore administrative costs by filing their annual submission just once. Singapore’s Accounting and Corporate Regulatory Authority (ACRA), the Registry of Societies (ROS) and Commissioner of Charities…
Singapore and Myanmar Investment Treaty to Handle Investment Disputes A Major Economic Milestone Marks the Start of Greater Investment Opportunities New beginnings are on the horizon with the signing of a new Singapore and Myanmar investment treaty to handle investment disputes. With the signing of the new treaty, Singapore companies based in Myanmar can…
New Enhanced CPF Grant in Singapore To Provide Higher Grants and Wider Selection First-Time Flat Buyers to Enjoy More Options and Higher Grants Singaporeans buying a flat for the first-time will thrilled with the options provided in the new Enhanced CPF Grant (EHG) Singapore. Flat buyers will soon get to choose the location and…
The Simpler It is, the More People Are Using PayNow for Their Online Transactions and Fund Transfers Consumers and customers of today are accustomed to online banking, transactions and fund transfer. Hence, when the national fund transfer PayNow was launched in July 2017 in Singapore, it was a godsend. Ever since then, more PayNow users…
Monetary Authority of Singapore (MAS) Outlines Eligibility Criteria For Digital Bank License Application The Monetary Authority of Singapore (MAS) announced that the application for new digital bank licenses from non-bank players is now opened. The regulator is expected to award up to five digital bank licences by mid-2020 and the successful applicants are expected to…
Intellectual Property Initiatives Launched in Singapore Singapore Firms to Receive Support for Patents, Trademarks and Brands Singapore moves one step closer to becoming a trusted global intellectual property (IP) hub with the launch of new intellectual property initiatives. The Intellectual Property Office of Singapore (IPOS) announced a series of new initiatives to support the…