Singapore’s Retail Sector Has A Bright Outlook for 2024 Experts have an optimistic view of Singapore’s retail sector, predicting that it will bring in a year-on-year increase of 2% for this year. The sector is expected to thrive for the remainder of the year, thanks to the improvement in its external environment and upcoming major…
The Startup Ecosystem in Singapore is Among the Seventh Best in the World According to this year’s Global Startup Ecosystem Report (GSER) by Startup Genome and the Global Entrepreneurship Network, Singapore now has Asia’s top startup ecosystem, surpassing Beijing. The island city ranked seventh in this year’s global startup ecosystem rankings, rising one spot from…
Global Talents Choose Singapore: The Lion City Ranks Globally as Eighth Preferred Work Destination According to a global study on international mobility trends, Singapore has been chosen as the eighth most popular work destination. The research, conducted by Boston Consulting Group, The Network, and The Stepstone Group, was based on relevant data from 188 countries from…
Singapore’s Green Finance Boost Investing $35 million to develop green finance, Singapore aims to become Asia’s leading hub for sustainable finance. This investment aims to upskill financial service workers to improve sustainable finance demands in South East Asia. Fueled by demand, over 50,000 workers in various jobs such as sales, risk, legal, etc., will now…
Singapore Introduces New Grant of up to S$10,000 for Heartland Businesses Singapore’s heartland businesses now have the opportunity to revitalise their communities through innovative placemaking initiatives. The newly introduced Heartland Enterprise Placemaking Grant (HEPG) aims to support projects such as community engagement activities, public art installations, workshops, and thematic festivals. Minister of State for Trade…
Singapore Widens the Scope of Career Conversion Programmes Singapore’s Ministry of Manpower (MOM) has announced significant enhancements to the Career Conversion Programme (CCP). Effective from April 1, employers will benefit from increased salary support for hiring of mid-career workers and upskilling of existing employees. Upgraded Funding Assistance Under the revamped CCP scheme, employers can…
Significant Investments to Singapore Deemed as Critical Entities Will Be Reviewed Under New Bill Singapore recently joined 37 other countries in reviewing its investments in the country to ensure it manages significant investments into critical entities. Major nations such as China and the UK have been reviewing investments in their country to ensure essential businesses…
Singapore and MERCOSUR Bloc Sign Free Trade Agreement (FTA) Singapore and the MERCOSUR Bloc trade coalition signed an FTA, marking Singapore’s inaugural FTA with the MERCOSUR group and member countries. The MERCOSUR Bloc trade coalition comprises Uruguay, Brazil, Argentina, and Paraguay. The FTA agreement was signed to catalyse trade, as more than 100 Singaporean companies…
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…
