Economy
HKMA surpasses Singapore on highest forex reserves, ranks 7th globally
Hong Kong Monetary Authority reported HK$3.13t forex reserves in Q2 2023.
SG becomes the leading wealth capital in APAC
Singapore attained an average score of 0.79.
Three-quarters of CEOs expect ESG investments to pay off after 3 to 7 years
About 72% of CEOs said it will benefit M&A (24%) and talent attraction (24%).
Stop all unnecessary travel to Israel and the Gaza Strip amidst rocket attacks: MFA
Singaporeans living in Israel and the Palestinian Territories must also be vigilant.
Key industries to drive IPO market growth in 2024
Healthcare, education, and AI-related industries are expected to propel the growth.
Accession process underway for Costa Rica’s DEPA application
DEPA is composed of Singapore, Chile, and New Zealand.
Contribution of digital economy to SG rises to $106b in 2022
The figure translates to 17.3% of Singapore's GDP last year.
3 reasons why MAS to keep policy settings ‘unchanged’
MAS will hold its monetary policy meeting no later than 13 October.
Asian countries must ‘insulate’ overall relations from issues: Singapore PM
PM Lee said countries must cooperate pragmatically for mutual benefit.
DPM Wong to visit the US to strengthen bilateral relationships
DPM Wong will visit Arizona, New York, and Washington D.C.
SG to amend Free Trade Zone Act
The government is proposing three changes to the regime.
Singaporeans who feel financially included slightly declined in latest index
The city-state is the top financially inclusive market.
Professional services firms lag in digital sustainability efforts: study
FMCG, transportation, and infrastructure sectors are “digital sustainability sceptics.”
Central bank announces new savings bond with average yield of 3.32%
Its amount offered is at $1b.
Regulatory caps on neobanks’ operations could stifle growth, expert warns
Despite questions arising from the recent rise of deposit caps in neobanks, incumbent banks are left unfazed.
2.5 million Singaporeans to receive $800 cash assistance in December
The government will disburse an additional $1.1b under its Cost-of-Living Support Package.
Commentary
Singapore Companies Eye Vietnam to Navigate Manufacturing Shifts, Green Transition, and the AI Revolution
AI is revolutionising learning: Why should educational institutions in Singapore embrace this change?