Singapore

“Financial ruin, family breakdown, even death” – China’s Singapore casino warning
18Feb mmBy Joe RodriguezNo Comments
China, Singapore

“Financial ruin, family breakdown, even death” – China’s Singapore casino warning

China’s embassy in Singapore has warned that engaging in gambling leads to ‘a path of no return’ in a dark message to its citizens. The message comes in the wake of the embassy dealing with the aftermath of a Chinese national jumping to his death from the Marina Bay Sands hotel, which the embassy attributed to gambling. “Participating in gambling leads to a path of no return, including financial ruin, family breakdown, and even death,” stated the embassy. “Cross-border gambling may also bring risks such as fraud, money laundering, kidnapping, detention, human trafficking, and smuggling.” Gambling is strictly prohibited in China, and Chinese citizens are also legally prevented from cross-border gambling, even if they are situated in a jurisdiction where ...
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Hong Kong, Singapore to be biggest winners as global capital flows shift to Asia: DBS CEO
9Feb mmBy Brian ThompsonNo Comments
Asia, China, Singapore

Hong Kong, Singapore to be biggest winners as global capital flows shift to Asia: DBS CEO

The two financial hubs are best choices for global investors seeking to diversify their portfolios amid geopolitical risks, Tan Su Shan says Hong Kong and Singapore are set to be the biggest winners in attracting new capital inflows as global investors diversify their asset allocations amid geopolitical risks and trade tensions, according to the top executive at DBS Group. The two Asian financial centres would be the best choice for international investors who previously held overweight positions in US markets but now sought to diversify their portfolios, Tan Su Shan, CEO of the largest lender in Southeast Asia, said in an interview last week. US interest rate cuts and ongoing geopolitical tensions have prompted international investors to eye faster-growing Asi...
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Singapore to establish national space agency to turn space capabilities into economic growth
3Feb mmBy Michael SmithNo Comments
Asia, Singapore

Singapore to establish national space agency to turn space capabilities into economic growth

Singapore is setting up a national space agency to anchor its next phase of growth in the global space economy. The aim is to move beyond consuming space services and become “credible contributors to the global space ecosystem,” says Dr Tan See Leng, Minister for Manpower and Minister-in-charge of Energy and Science & Technology in the Ministry of Trade and Industry. The National Space Agency of Singapore (NSAS) will be established on April 1, with Ngiam Le Na appointed as its founding chief executive. The agency will take over and expand the functions of the Economic Development Board's Office for Space Technology and Industry (OSTin), providing what Tan describes as "decisive leadership to seize opportunities in the expanding space economy". Speaking at the Space Summit...
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16Jan mmBy Michael SmithNo Comments
Singapore

Singapore Startup Visa: How foreign workers can start and grow business in the country

Singapore offers a dedicated work visa, called the EntrePass, for foreign entrepreneurs who want to establish and operate businesses in the country. The scheme is introduced to attract innovative ventures or companies backed by strong investment, supporting Singapore’s goal of becoming a leading hub for startups and technology-driven enterprises. Administered by the Ministry of Manpower (MOM), the EntrePass provides a structured pathway for eligible foreign founders to contribute to the local economy while running their businesses. Who can apply The EntrePass is aimed at entrepreneurs who plan to incorporate and actively manage a business in Singapore. Eligible applicants include startup founders whose ventures are supported by recognised venture capital...
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Singapore consumer inflation remains steady at 1.2% in November, missing estimates
26Dec mmBy Michael SmithNo Comments
Singapore

Singapore consumer inflation remains steady at 1.2% in November, missing estimates

Singapore’s inflation in November remained steady at 1.2%, missing estimates, as a higher increase in prices of services was offset by a steeper decline in electricity costs. The reading was lower than Reuters-polled analysts’ median estimates of 1.3%. Core inflation in the city-state, which strips out prices of private transport and accommodation, also came in at 1.2%, compared to expectations of 1.3%. Higher services inflation at 1.9% was due to larger increases in the costs of point-to-point transport, which includes taxis, ride-hailing and car-pooling services, and health insurance. In contrast, inflation for retail and other goods slowed as the prices of clothing and footwear, as well as personal-care appliances declined, in addition to the fall in electricity costs. ...
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Economists raise Singapore’s 2025 growth forecast to 4.1%: MAS survey
17Dec mmBy Michael SmithNo Comments
Asia, Singapore

Economists raise Singapore’s 2025 growth forecast to 4.1%: MAS survey

The projection is similar to the Ministry of Trade and Industry’s (MTI) economic growth forecast of about 4 per cent  for 2025, and slightly lower than the 4.4 per cent growth recorded last year. Private sector economists have raised their growth forecast for the Singapore economy this year to 4.1 per cent, significantly higher than their previous estimate of 2.4 per cent made in September. The projection, released by the Monetary Authority of Singapore (MAS) in its latest survey of professional forecasters on Wednesday (Dec 17), is similar to the Ministry of Trade and Industry’s (MTI) forecast of around 4 per cent, and slightly lower than the 4.4 per cent growth recorded last year. A total of 20 economists and analysts responded to the survey, MAS said. The Singapore econ...
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Why connectivity, not just AI, will power Singapore’s next leap in competitiveness
15Dec mmBy Michael SmithNo Comments
Asia, Singapore

Why connectivity, not just AI, will power Singapore’s next leap in competitiveness

Beyond finance, resilient connectivity is a critical element of economic diplomacy and trade necessity. Singapore has championed AI as the next frontier of its economic growth ambitions for some years now, having recently announced a $1 billion investment into artificial intelligence (AI) over the next five years to bolster compute infrastructure, develop talent, and encourage industry partnerships. While such investments are decisive statements in and of themselves, the broader observation is that Singapore’s competitive advantage, particularly in high-value services, depends fundamentally on a reliable, high-performance network foundation. AI can only deliver on its promise if it is built upon a robust digital infrastructure, and right now, network reliability is emerging as a...
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Malaysia’s Johor launches 7,300-acre innovation sandbox, part of new special economic zone with neighboring Singapore
10Dec mmBy Michael SmithNo Comments
Asia, Singapore

Malaysia’s Johor launches 7,300-acre innovation sandbox, part of new special economic zone with neighboring Singapore

The Malaysian state of Johor is debuting a sprawling new innovation sandbox, bolstering its plans to build a “regional champion” alongside the border with Singapore. The 7,300-acre development—named Ibrahim Technopolis (IBTEC)—is located within the Johor-Singapore Special Economic Zone, a new strategic partnership between Singapore and Malaysia meant to create over 20,000 jobs for people on both sides of the causeway. Designed to be Asia’s largest innovation sandbox, it will concentrate high-value industries like medtech, logistics, data centers and agritech. IBTEC, formally launched on Dec. 2, will make “production smarter, supply chains more resilient and operations more efficient,” said developer JLand Group, the real estate arm of Johor Corporation, in a press statement. ...
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Richest Countries in the World in 2025 by GDP Per Capita
10Dec mmBy Joe RodriguezNo Comments
Singapore

Richest Countries in the World in 2025 by GDP Per Capita

From Singapore's strategic brilliance to Luxembourg's financial wizardry, these 10 nations prove that in the wealth game, it's not about the size of your landmass but the size of your economic imagination. Ever wondered what it’s like to live in a country where your neighbour’s biggest concern is whether to buy their third yacht in navy blue or forest green? While you’re calculating whether you can afford that extra shot of espresso, residents of these countries are casually discussing their investment portfolios over champagne brunches. When you think of the wealthiest countries in the world, you are probably considering GDP per capita. In this article, we list the top 10 richest countries based on GDP per capita, as estimated by the International Monetary Fund (IMF)....
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Singapore surpasses Switzerland in global talent rankings, while the US falls behind
28Nov mmBy Michael SmithNo Comments
Singapore

Singapore surpasses Switzerland in global talent rankings, while the US falls behind

Singapore has topped the 2025 Global Talent Competitiveness Index for the first time, driven by strong education systems, effective governance, and a proactive approach to maintaining a workforce that is adaptable and ready to innovate in the age of artificial intelligence. The index, now in its eleventh edition, is published by INSEAD Business School in partnership with the Portolance Institute in Washington, D.C., and measures countries’ ability to develop, attract, and retain talent across income levels. This year, it covers 135 economies worldwide, analyzing 77 indicators, including soft skills and talent concentration in the field of artificial intelligence, across six key pillars. The report, titled “Resilience in an Age of Disruption,” comes at a time when the world is ex...
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