ASEAN Briefing News

Understanding Singapore’s 2024 GDP Forecast

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Singapore maintains a cautiously optimistic economic outlook despite global uncertainties, with projections indicating a modest growth range of 1 to 3 percent.

Singapore and China Sign Three MOUs, Boost Business Ties

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The Singapore-China Economic Partnership Conference held on February 1, 2024, saw the signing of three crucial Memorandums of Understanding.

MAS Sets New Standard with Digital Platform for ESG Data Collection

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The Monetary Authority of Singapore launched a new digital platform called Gprnt , which aims to simplify how the financial sector collects, access, and acts upon ESG data.

Singapore and Malaysia Plan Joint Special Economic Zone in Johor State

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Singapore and Malaysia are partnering to create a special economic zone in Malaysia’s Johor state, adjacent to the Singaporean border.

Singapore Increases Goods and Services Tax for 2024

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Singapore has increased its goods and services tax (GST) rate by one percent to nine percent as of January 1, 2024.

Singapore Economy Recap for 2023

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We recap key economic indicators from Singapore in 2023, including trends and opportunities for the city-state.

Singapore Signs FTA With MERCOSUR Bloc

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Singapore has signed a free trade agreement with the MERCOSUR trade bloc as the country seeks to expand its trade network in Latin America.

Indonesia and Singapore Implement QR Linkage Payment

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Indonesia and Singapore officially launched their cross-border QR payment linkage, enabling consumers and businesses to conduct cross-border transactions instantly.

Singapore Unveils Latest Relief Package to Ease Cost of Living

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Singapore’s government unveiled its latest support package to provide more relief for households as well as businesses.

Taxation of Foreign Sourced Income in Singapore Effective January 2024

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Singapore will begin taxing foreign-sourced disposable gains from January 1, 2024, with Parliament approving the amendments to the country’s Income Tax Act.

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