Category: Business

Proposed Johor-Singapore SEZ aims to boost cross-border collaboration and regional growthISKANDAR PUTERI, Johor – Malaysia and Singapore will hold a Leaders' Retreat in October, where Prime Ministers Anwar Ibrahim and Lee Hsien Loong are expected to finalise details for a proposed Johor-Singapore Special Economic Zone (SEZ).Johor Chief Minister Onn Hafiz Ghazi shared this update during …

With rising yields and a 10-year rate at 3.48%, SSBs are a lucrative option for long-term gains.SINGAPORE: Investors looking for stable returns have reason to celebrate as Singapore Savings Bond (SSB) yields rise to 3.16% for the latest series. This marks the fourth consecutive increase, making SSBs a compelling option for those seeking low-risk investments.The …

Digital and green economies highlighted as critical growth areas for ASEAN’s sustainable development.JAKARTA: Prime Minister Lee Hsien Loong called for economic integration to remain central to ASEAN’s agenda as the bloc navigates a shifting global economic landscape. Speaking at the ASEAN Summit plenary session in Jakarta on Sept 5, PM Lee emphasized the need to …

Experts see Beijing's latest map as a calculated move to influence ASEAN and G20 discussions while reigniting regional tensions.China’s release of its "China Standard Map Edition 2023" has reignited disputes over territories in the South China Sea and contested land with nations like India, Malaysia, Vietnam, and Russia. Analysts suggest the timing, just before major …

"DPM Wong emphasizes the importance of reinvesting returns to preserve the reserves’ long-term value."SINGAPORE: Singapore is not "oversaving," as its national reserves are growing at a rate "barely keeping pace" with the economy, said Deputy Prime Minister Lawrence Wong.Speaking in an interview for the new CNA series Singapore Reserves Revealed, Mr. Wong addressed misconceptions about …

"The influx of new properties is driving down rental prices, with more corrections expected by 2024."SINGAPORE: Rental rates in Singapore have experienced a sharp decline, reversing the steep increases of 2021 and 2022, according to Juliet Stannard, Director at CitiProp Property Management.In an interview with YouTuber Max Chernov, Ms. Stannard, who has lived in Singapore …

"With Asia needing up to US$5 trillion annually to achieve net-zero emissions, Singapore emerges as a key hub for sustainable investment and innovative climate solutions."SINGAPORE: Asia faces an urgent need to accelerate climate financing to meet its net-zero emissions targets, especially as the region accounts for more than 50 percent of global emissions, said Jackie …

Deputy Prime Minister Lawrence Wong highlights the risks of inefficiency and economic stagnation in a geopolitically driven global order during a dialogue with CNN’s Fareed Zakaria.SINGAPORE: A world where geopolitical considerations take precedence over open trade will likely experience slower economic growth and prolonged inflation, warned Deputy Prime Minister Lawrence Wong during a conference on …

A new Workplace Fairness Law aims to bring teeth to anti-discrimination efforts in Singapore by 2024.When Prime Minister Lee Hsien Loong announced in August 2021 that the Tripartite Guidelines on Fair Employment Practices (TAFEP) would be enshrined into law, it marked a pivotal moment in Singapore’s battle against workplace discrimination. However, the guidelines, long criticized …

Singapore's competition watchdog evaluates the deal for potential anti-competitive practices and seeks public input.SINGAPORE: The Competition and Consumer Commission of Singapore (CCCS) is scrutinizing Grab’s proposed acquisition of Trans-Cab, the city-state’s third-largest taxi operator, amid concerns about potential anti-competitive practices. Minister of State for Trade and Industry Alvin Tan announced the probe in Parliament on …