Cross-Border QR Between Singapore and Indonesia Launched: Enhancing Financial Connectivity Bank Indonesia (BI) has initiated a trial connecting its QR-based payment system with Singapore’s. This move involving QR Between Singapore and Indonesia follows BI’s agreement with the Monetary Authority of Singapore last year. The QR code integration is achieved through the joint efforts of industry…
Singapore Takes the Lead: Best City in Asia for Expatriates Singapore has claimed the top spot as the best city in Asia for expats in Mercer’s latest 2023 Quality of Living survey. This recognition underscores the city-state’s appeal to international professionals and solidifies its standing at 29th place globally. Consistent Excellence Singapore’s consistent performance…
Singapore’s Rising as a Premier Remote Work Destination: Reaches 28th in the World Singapore has become a top-tier remote work destination, claiming the 28th spot in NordLayer’s Global Remote Work Index (GRWI). This annual report assesses countries based on key criteria, including cyber safety, economic safety, digital and physical infrastructure, and social safety. Digital…
Singapore Economy Can Increase By Up to 3% in 2024: Reports Singapore’s economy anticipates a growth ranging from 1% to 3% in 2024. A recent report by the Ministry of Trade and Industry (MTI) reveals the city-state’s robust third-quarter gross domestic product (GDP) growth of 1.1% year-on-year, surpassing both advance estimates and analysts’ expectations. …
Singapore Third in Asia and Tenth in the World in the Number of Unicorn Startups A new analysis of the global unicorn landscape reveals Singapore’s prominence as a producer of high-value unicorn start-ups. According to a recent study by FOREX.com and CB Insights, Singapore secures the 10th spot globally and 3rd in Asia. The country…
Singapore Becomes World’s 17th Most Sustainable Investment Destination With an impressive leap of 18 spots in the rankings, Singapore has firmly secured the 17th position in the highly esteemed 2023 Global Destination Sustainability Index. This advancement underscores the city-state’s commitment to making tangible strides towards a sustainable future. Within the Asia-Pacific region, Singapore proudly stands…
Singapore’s Digital Economy Fuels GDP Growth: Almost Doubles in Five Years In a report by Singapore’s Infocomm Media Development Authority, Singapore’s digital economy significantly contributed to its GDP, exceeding 17% in 2022. This is up from 13% in 2017. Furthermore, the total value of this digital economy reached SGD 106 billion in 2022, a substantial…
Singapore, Malaysia, and Indonesia Come Together for Regional Supply Chain and Manufacturing Singapore is fortifying its regional bonds with Malaysia and Indonesia to harness the evolving global manufacturing landscape. Jacqueline Poh, the Managing Director of Singapore’s Economic Development Board (EDB), unveiled this strategic alliance during a prominent LSEG and Reuters Newsmaker event. The three countries…