After years of tightening control, Beijing’s new outreach to private entrepreneurs faces skepticism—can confidence be rebuilt after so much damage?In early 2019, President Xi Jinping gathered officials in Beijing to address pressing economic risks, including "black swans" and "grey rhinos"—unpredictable events and foreseeable threats. Among these threats were China’s mounting local government debts, struggling banks, …
Category: Economy
New MAS measures ban credit and leverage for crypto purchases, reinforcing consumer protection.In a parliamentary address on 5 March, Minister of State for Trade and Industry and Culture, Community and Youth, Alvin Tan, urged Singaporeans to steer clear of cryptocurrency investments, citing their speculative and volatile nature. As a board member of the Monetary Authority …
Why Singapore’s Budget Is About Building Resilience, Not Just HandoutsBudget 2025 arrives amid significant global economic uncertainties, including trade tensions between the United States, China, and the European Union. Domestically, rising living expenses and evolving workforce demands are pressing concerns for policymakers. Against this backdrop, Prime Minister and Finance Minister Lawrence Wong introduced measures to …
Record-breaking tourism spending in 2024, with continued growth forecasted for 2025.Singapore’s tourism industry is set to hit a new milestone in 2024, with spending anticipated to reach between S$27.5 billion and S$29 billion, the upper range of the Singapore Tourism Board’s (STB) forecast. By September 2024, the city-state had already garnered S$22.4 billion in tourism …
A New Visa Initiative Could Attract Foreign Skilled Workers and Support the Growth of the JS-SEZMaybank has pointed out that the introduction of an SEZ visa could play a crucial role in alleviating the labour shortages faced by businesses in the Johor-Singapore Special Economic Zone (JS-SEZ). According to the bank’s latest report, titled “Johor-Singapore SEZ: …
The Singaporean leader calls for urgent reforms in education and training to address the impending employment crisis.Speaking at the Economic Forum in Davos on January 22, President Tharman Shanmugaratnam highlighted a looming global employment crisis, where 1.2 billion workers will enter the job market over the next decade, competing for just 400 million available jobs. …
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