Singapore

ASEAN scores strongly on Muslim travel index

Three ASEAN countries finished in the top-10 of last year’s Mastercard-CrescentRating Global Muslim Travel Index (GMTI) 2018 in a strong acknowledgement of the region’s reputation as an Islamic tourism hub. Malaysia topped the index for the eighth straight year, finishing ahead of Indonesia and the United Arab Emirates and cementing its position in the global Islamic tourism market.

14 January 2019
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Singapore: ASEAN’s most competitive economy

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).Singapore is seen as an exemplary economy as the report showcased the importance of openness for competitiveness amid escalating tensions and backlash against globalisation.

13 January 2019
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SMEs must get with the times

Small and medium sized enterprises (SMEs) in Singapore have been hailed as the driving force behind the country’s economy. The government pointed out that they make up 99 percent of all enterprises in the country and employ as many as 65 percent of the country’s workforce.

26 December 2018
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Out with the old, in with the new?

Singapore has a problem and it's two-fold. On the one hand, it is an ageing country. Singapore falls under the ageing high income market bracket which has limited demographic wiggle room to maximise growth potential. Singapore is projected to reach a high old age dependency ratio of over 25 percent by 2025.

9 December 2018
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Singapore’s Cocoon Capital Announces Tech Fund

Singapore based Cocoon Capital recently announced a new US$20 million fund following its first US$7 million fund launched in 2016. The fund aims to bridge growing industry demands for more seed-stage funding in the region.“With the billions of dollars available in venture capital in the region, only a fraction is targeting seed-stage companies and Cocoon Capital seeks to help fill this gap”, said Will Klippgen, co-founder and Managing Partner at Cocoon Capital.

7 December 2018
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Singapore bets big on drones

Hi-tech Singapore is planning to roll out a swarm of drones for tasks that include delivering parcels, inspecting buildings and providing security, but safety and privacy concerns mean the initiative may hit turbulence.Companies have already started testing the devices for commercial use, mainly in an area of over 200 hectares (500 acres) dotted with high-rise buildings and shopping malls, specially designated by the government for the trials.It is part of the affluent city's drive to em

27 November 2018
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Feeding Singapore’s hunger for sand

Sand mining for reclamation of coastal areas is both, a geopolitical and conservation issue for the Southeast Asian region, with many of the more developed countries in the bloc playing culprits. Leading the regional pack for reclaiming land from its coasts is Singapore, with Malaysia close behind. In Singapore, the total land area has literally grown more than 25 percent since the nation first came into being.

26 November 2018
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Singapore malls take big gamble to beat e-commerce

Online shopping in Singapore is lacklustre even after Amazon debuted its Prime service in mid-2017. The island’s malls are trying hard to keep it that way.With some of the nation’s biggest mall operators reporting falling rents and rising vacancies, landlords, just like those elsewhere in Asia and the United States (US), are being forced to reposition.

26 November 2018
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Singapore set to pick Heng as Lee successor

Singapore is expected to tap Finance Minister Heng Swee Keat as the de facto successor to Prime Minister Lee Hsien Loong on Friday, kicking off the city-state’s third leadership transition in its 53-year history.Heng, 57, will be named first assistant secretary-general - widely seen as second in command to Lee - when the ruling People’s Action Party announces new office holders on Friday, the Today newspaper in Singapore reported on Thursday, citing unidentified party sources.

23 November 2018
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Framework for Smart Cities Network established

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.

19 November 2018
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33rd ASEAN Summit: Analysis and key takeaways

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.

16 November 2018
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