Singapore

Singapore raises growth forecast to 3.5%

Singapore raised its economic growth forecast for this year to 3 percent to 3.5 percent after third-quarter data beat projections on the back of stronger exports and manufacturing.Highlights of GDP Report Gross domestic product rose at a seasonally adjusted, annualised rate of 8.8 percent in the third quarter from the previous three months, higher than an earlier estimate of 6.3 percent Median estimate of nine economists in a Bloomberg survey was for 7.8 percent gain GDP increased 5.2 percent

23 November 2017
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Singapore's public transport woes

Singapore prides itself as a nation with one of the most efficient public transportation systems in the world. However, that reputation has taken a hit, of late, when a stalled Mass Rapid Transit (MRT) train was rear-ended by another train, injuring 29 commuters.This was the third incident to happen in two months after two separate incidents occurred last month.

22 November 2017
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Singapore to ensure rich pay more in tax regime

Singapore will ensure its tax system is based on “solid” economic performance and the principle that higher income earners pay more, a senior government official said, after the prime minister signaled that the nation needs to prepare for tax increases.“It must be all based on solid economic activity,” Indranee Rajah, senior minister of state for law and finance, said in an interview on Tuesday.

22 November 2017
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Singapore rolls out tough measures to keep roads car-free

In the battle against the car, space-starved Singapore has deployed road tolls, massive spending on public transport, and a licence fee that bumps the cost of an average vehicle to over 80,000 dollars.But urban planners looking for solutions to gridlock may find the draconian measures hard to replicate in other less-compliant cities.Singapore has gone further than any other major city to avoid the monster jams that have blighted Asian metropolises such as Jakarta or Manila.The tough approach

20 November 2017
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Malaysia, Singapore take lead in digitalisation

Malaysia and Singapore have rightly embraced digitalisation as the way forward for their respective nations.At a recent event, Malaysian Deputy Prime Minister, Zahid Hamidi said that the country’s digital economy is projected to contribute almost 20 percent of the Gross Domestic Product (GDP), up 18 percent from 2016.

17 November 2017
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Singapore train collision injures 25 people

A Singapore train collided with a stationary one, injuring 25 people and dealing another blow to a network that has faced public criticism in recent years for frequent breakdowns.The accident, only the second rail collision in three decades, occurred near Joo Koon station in the western part of the city state Wednesday morning.

15 November 2017
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The future of ASEAN smart cities

“Every now and then a man’s mind is stretched by a new idea or sensation, and never shrinks back to its former dimensions,” said Oliver Wendell Holmes Sr, an American poet, physician and polymath. Such is the invention of smart cities.A smart city is an area of urban development that utilises various methods of electronic data collection to manage the city’s assets and natural resources.

13 November 2017
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Razer surges on debut after raising $530 million in IPO

Razer Inc. climbed on its first day of trading as the maker of computer accessories for gamers became the second technology stock in a week to jump in its Hong Kong debut.The stock rose to as high as HK$5.49, 41 percent above the $HK3.88 price of its initial public offering. The San Francisco and Singapore-based company raised HK$4.1 billion ($530 million) in the IPO.

13 November 2017
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ASEAN Roundup: November 6 - November 12, 2017

Prince Charles and wife visits MalaysiaThis week, Malaysia welcomed the heir to the British throne, His Royal Highness, Prince Charles, and his wife, Camilla Parker Bowles, Duchess of Cornwall as the couple continued their 11-day tour of South and Southeast Asia.

12 November 2017
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EXCLUSIVE: Solarising Singapore

The recently concluded Singapore International Energy Week (SIEW) 2017, now into its tenth edition, had a larger focus on renewable energy as compared to oil and gas, coal or nuclear energy. During the event, which saw the gathering of the region’s leading minds and players, Singaporean Deputy Prime Minister Teo Chee Hean revealed Singapore’s latest masterplan.

11 November 2017
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Will the Kra Canal ever be?

The Kra Canal – also known historically as the Isthmus of Kra – is a proposed canal spanning 102 kilometres which would connect the Gulf of Thailand with the Andaman Sea. The construction of the canal would serve as an alternative to the current maritime trade route that passes through Singapore and the Straits of Malacca.The proposed construction of the Kra Canal that would save approximately 12,000 kilometres, or two to three days of sailing time for traders has recurred in recent times.

10 November 2017
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