Currency speculation can be stabilising for the economy: Jamus

currency speculation

In Parliament, Workers’ Party Jamus Lim said that currency speculation can be stabilising for the economy. He was disagreeing with PAP MP Saktiandi Supaat (Bishan-Toa Payoh GRC) who said that revealing the size of the Singapore reserves would render the Singapore currency vulnerable to speculative attacks. “If we (the Singapore dollar) were off our fundamentally […]

HSBC economist says Singapore is in an ‘enviable’ financial position

Singapore Enviable Financial Position

Following DPM Heng Swee Keat’s delivery of the Emerging Stronger Together Budget, HSBC economist Joseph Incalcaterra said on CNBC that Singapore tends not to disappoint when it comes to fiscal policies because Singapore is in an ‘enviable’ financial position. It is able to spend liberally to get itself out of the crisis thanks to fiscal […]

Emerging stronger together; making hard choices for the future generation

Singapore Budget 2021 - Emerging Stronger Together

“To emerge stronger from this crisis, we must not only tackle current challenges but also have a strategic plan for our future. But this entails making hard choices,” DPM Heng Swee Keat said. Budget 2021 – Emerging Stronger Together – comes at a particularly critical juncture. The first hard choice The first hard choice involves […]

Singapore attracted $17.2 billion in Fixed Asset Investments in 2020 despite pandemic gloom

Fixed Asset Investments

Despite the pandemic gloom, Singapore secured S$17.2 billion in Fixed Asset Investments (FAI) and S$6.8 billion in Total Business Expenditure last year (2020), Trade and Industry Minister Chan Chun Sing said. This is a strong performance in an exceptionally challenging year, the minister said. The FAI secured in 2020 significantly exceeded the medium to long-term […]

Connect@Changi is the world’s first Business Travel Exchange

Connect@Changi is a national resilience project to make sure that Singapore continues to keep business going and to rise again. As we move to Phase 3, steps will also be taken, to allow limited, safe, face-to-face international business meetings, Transport Minister Ong Ye Kung said. Zoom cannot replace some face-to-face business meetings such as signing […]

Singapore and US sign MOU to deepen economic cooperation

MOU Memorandum of Understanding MOU Chan Chun Sing Wilbur Ross Ministry for Trade and Industry MTI

The United States of America (U.S.) and Singapore have signed a Memorandum of Understanding (MOU) to deepen economic cooperation and extend trade financing and investment support to companies in Singapore and the U.S, the MTI said in a media release. The MOU was signed by Minister for Trade and Industry Chan Chun Sing and his […]

Connect@Singapore: allowing the world to reconnect in Singapore

Connect@Singapore

Singapore can be the safe place for the world to Connect@Singapore! Business travellers find themselves marooned at home because of travel restrictions imposed by governments and because of concern over their own safety. With ingenuity, Singapore is creating opportunities for ourselves to allow the world to reconnect again – safely in Singapore. The initiative is […]

Risk management is Singapore’s way, not risk elimination: Chan Chun Sing

risk management

Singapore’s reliance on external connections and visitors necessitates us to adopt a ‘risk management’ instead of a ‘risk elimination’ approach, Trade and Industry Minister Chan Chun Sing said. For Singapore, remaining an open economy does not just refer to the trade in goods and services. It is also about the regular exchange and flow of […]

WEF annual meeting to be held in Singapore instead of Switzerland

WEF annual meeting

It’s official. The World Economic Forum will be held in Singapore next year instead of Switzerland. WEF president Borge Brende said the pandemic has made it difficult to ensure the health and safety of participants in Europe. Normally held in the ski resort of Davos each January, the 2021 edition was postponed due to the […]

WEF considers moving annual Forum to Singapore amidst pandemic

WEF Singapore

Singapore could be the alternative venue for next year’s World Economic Forum annual gathering, Normally held in the ski resort of Davos each January, the 2021 edition was postponed due to the pandemic and is scheduled for May at the Buergenstock. Now, the alternative meeting place has also come under review, according to a report […]