As ASEAN moves into the future, the regional bloc is faced with two trends – digitalisation and urbanisation. While urbanisation can be seen as a positive thing, there are also possible spill over effects if not mitigated properly.
Singapore can now breathe easier as the 33rd ASEAN Summit came to a close yesterday, marking the end of its chairmanship. The second ASEAN summit of the year was a “star-studded affair” compared to the earlier one held in April.
The completion of the Regional Comprehensive Economic Partnership (RCEP) has been delayed once again to 2019. Nevertheless, leaders at the recently concluded ASEAN Summit noted that negotiations have advanced to the final stage.
World leaders will push for the rapid completion of a massive, China-backed trade deal that excludes the United States (US) at a summit this week, in a rebuke to rising protectionism and Donald Trump's "America First" agenda.
An index published recently by the Urban Redevelopment Authority (URA) showed that rents for Singapore’s central area had risen by three percent in the three months leading up to 30 September, the biggest jump since 2014.
Singapore is the most competitive economy in the region, placing second overall in the World Economic Forum’s (WEF) Global Competitiveness Index behind the United States (US).
Last week, international non-profit groups Development Finance International (DFI) and Oxfam published a report ranking governments around the world based on their efforts in tackling the gap between the rich and the poor.
The Singapore government has hailed small and medium sized enterprises (SMEs) as being the driving force behind its economy, saying they make up 99 percent of all enterprises in the country and employ 65 percent of the country’s workforce.