To Promote Local Currency Use in Bilateral Transactions, Indonesia and Singapore Will Explore Cross-border Qr Code Payment Connectivity The Monetary Authority of Singapore (MAS) announces that work on cross-border QR code payment linkage between Singapore and Indonesia will commence. The aim is to enhance payment connectivity between the two countries. The cross-border QR payment linkage…
New Work Pass to Launch in Singapore, Hoping to Attract Top Global Talent Applications will commence on 1 January 2023. To be eligible for this work pass, applicants will need to fulfill certain criteria. Among the criteria is a fixed monthly income of at least $30k or more. This criterion is comparable to what the…
Foreign Workers Return As Singapore Opens Borders Thanks to the foreign labour increase in 2022’s second quarter, employment in Singapore is on the rise. Foreign workers are able to return once more as the Government relaxes its border restrictions. There was a strong rebound in non-resident (and resident) employment between April and June this year. …
Changi Airport Singapore Leads the Asia Pacific’s Air Travel Recovery Air travel recovery in the Asia Pacific region is on the rise, led by Changi Airport Singapore. Recovery is only expected to pick up the pace within key markets. Changi Airport is leading the way where international traffic and city links are concerned. Both are…
Singapore Ranked Top Shipping Hub for the 9th Consecutive Year Singapore is the top shipping hub again for the ninth year in a row on the Baltic International Shipping Centre Development (ISCD) Index. The city-state comes in at the number one spot out of the 43 maritime locations assessed on the index. Among the factors…
Digital Economy Agreement Struck Between Singapore and the UK Both countries have come to an agreement in an effort to boost digital trade and data flow between them. A new agreement has been struck between Singapore and the UK. The agreement is the UK-Singapore Digital Economy Agreement (UKSDEA). The agreement was made to help boost…
Time for Singapore’s Travel Stocks to Soar After Border Reopens Borders are finally opening more than 2-years after Covid-19. As travelers return to the skies, Singapore travel and its travel stocks are ready for a boost. Aviation and travel stocks in Singapore are beginning to rebound from the low levels it was at during the…
Singapore in 3rd Place In Its Ranking for Global Competitiveness Thanks to its Covid-19 policy, Singapore ranks 3rd place in its global competitiveness. This cements it as the third-most competitive country economically worldwide. Singapore comes in behind Denmark and Switzerland. Singapore has held the top spot where the Asia-Pacific countries are concerned. It has held…
Singapore Comes Out on Top As The Best Ecosystem for Start-Ups in Asia-Pacific Singapore has always been renowned as a thriving business hub in Asia. But now it has strengthened its reputation even further by coming out on top as the best place in the Asia-Pacific for start-up companies. It has even overtaken China to…
More Foreign Workers Coming into Singapore, Easing Manpower Crunch Businesses can breathe a sigh of relief as the manpower crunch is expected to ease in the coming months, thanks to more foreign workers coming in. Now that the borders have opened again, the labour shortage issue can be addressed. More foreign workers are expected to…