Mutual Benefits to Be Gained Under the European Union Singapore and the United Kingdom (UK) signed a Free Trade Agreement (FTA) on 10 December. Both countries are set to enjoy the mutual benefits of the deal. The mutual benefits that both Singapore and the UK stand to gain by signing the free trade agreement fall…
New Businesses Are Still Being Set Up Despite the Pandemic Singapore has a remarkable ability to thrive as a business hub, and this year was no different. Despite the Covid-19 pandemic, new businesses were continuously established throughout the year. It’s Business as Usual The Covid-19 pandemic may have put a halt to many businesses,…
Singapore Among the 15 Countries That Signed the World’s Largest Trade Pact Singapore was among the 15 countries to sign the Regional Comprehensive Economic Partnership (RCEP), the world’s largest trade pact. The signing took place on 15 November 2020. This was a momentous move and one that is likely to spur the economy as it…
The Only Asian Nation in IMD’s Top Ten List Singapore is ranked 9th in the world for the most competitive places for talent worldwide for 2020. It is the only country Asian in IMD’s Top Ten list. However, there is a possibility the future ranking of the country could be impacted by the COVID-19 pandemic.…
Proposed Law May Help Singapore’s Small Firms That Have Been Affected by the Pandemic A new law in Singapore may help small firms by allowing them to renegotiate deals and exit contracts without penalties, depending on the situation. This is because the business landscape has completely changed this year due to the Covid-19 pandemic. The…
Plans in Place to Strengthen the Laws That Regulate Virtual Payment Service Providers Singapore will be stepping up its measures against terrorist financing and money laundering. Changes to the law will strengthen regulations on virtual payment service providers. The Bill will improve the current regulatory framework that is in place for (Virtual Asset Service Providers…