Key skills driving Singapore’s economy from 2012 to 2022 Singapore is ranked second in the global artificial intelligence (AI) startup landscape. The study, which assessed factors such as hiring rates, private investment and the number of newly funded AI companies, placed Singapore just behind the United States as one of the world’s most promising hubs
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Singapore climbs to 5th place in global startup rankings Singapore is securing its position as a leading player in global cross-border capital flows, ranking as the second-largest source of international capital in the first half of 2024. According to the latest Colliers’ Global Capital Flows report for September 2024, the city-state recorded a total of
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Revolut launches Business Platform in Singapore Singapore will expand Changi Airport by constructing a new Terminal 5 (T5), stated to begin in the first half of 2025. The project will increase the airport’s annual passenger handling capacity by 50 million, bringing its total capacity to 140 million passengers annually by the mid-2030s. This expansion is
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Singapore tightens rules on hiring for foreign companies Understanding the key skills that have shaped Singapore’s economy over the past decade provides valuable insight into the country’s dynamic business landscape. From 2012 to 2022, business management, data management and production management became the three major areas that stood out as dominant skill sets in the
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Singapore aims to simplify business regulations The Singapore dollar (SGD) has reached its highest level in a decade, reflecting differences in monetary policy approaches between Singapore and the United States. As of the end of August 2024, the SGD had strengthened to around 1.30 per US dollar, a level last reached in 2014. It has
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Singapore lifts 35-year ban on cats in public housing The European Union (EU) and Singapore have achieved a major breakthrough together with a new Digital Trade Agreement. It aims to significantly improve cross-border data flows, simplify online trade and set high standards for digital commerce. The new agreement is a comprehensive framework aimed at
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Singapore tightens rules on hiring for foreign companies Singapore continues to rank as one of the most favorable environments for business globally, securing the 47th spot out of 79 jurisdictions in the latest Global Business Complexity Index (GBCI). The city-state remains particularly attractive to foreign small and medium-sized enterprises (SMEs) looking to establish a presence
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Revolut launches Business Platform in Singapore Singapore is set to streamline its business regulations in a bid to foster innovation and reduce costs for companies, as global economic competition intensifies. Prime Minister Lawrence Wong announced the initiative during his first National Day Rally speech, emphasizing the need for the city-state to remain an attractive destination
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Changi Airport launches passport-less immigration Singapore lifts a 35-year ban on keeping cats in public housing. The new regulations, which will come into effect in September 2024, will allow HDB residents to legally keep up to two cats per household, reversing a prohibition that has been in place since 1989. The decision marks a
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Singapore climbs to 5th place in global startup rankings With the recent changes in the law, foreign companies looking to hire expatriates in Singapore face new challenges. The Ministry of Manpower (MOM) has clarified that Employers of Record (EORs) will no longer be able to sponsor work permits for foreign employees. EORs, which played
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