Singapore

Singapore's ageing public houses get a government facelift
SINGAPORE (May 15): Singapore’s ageing public housing has been a source of anxiety, for home owners and the government alike. It’s become particularly acute in the lead up to national elections considering more than 40% of the population’s wealth is tied up in real estate. There may be some relief, however, with the government announcing new rules for those willing to buy older ...
Singapore says it's studying whether to allow digital-only banks
(May 7): Singapore is discussing the possibility of allowing virtual banks to operate in the city state, the Monetary Authority of Singapore said Tuesday. “MAS is studying whether to admit such digital-only banks with non-bank parentage,” the financial regulator said in an emailed reply to questions from Bloomberg News. “We have been engaging relevant stakeholders to ascertain the unique ...
Singapore's pre-election cabinet change sets Heng up for top job
(Apr 23): Singapore’s Finance Minister Heng Swee Keat was promoted to deputy prime minister on Tuesday, a move that further positions him to succeed Prime Minister Lee Hsien Loong. Heng will become Lee’s deputy on May 1 while retaining the finance post, the prime minister’s office said in an emailed statement. He will also continue chairing the Future Economy Council and National ...
Singapore in talks with more electric car companies after Dyson
SINGAPORE (Apr 22): Following Dyson’s plans late last year to manufacture its first electric car in Singapore, the city-state is now in talks with other makers of green vehicles to set up shop on the island. Singapore is pitching its connectivity to global markets through free-trade agreements, its high-skilled workforce and stringent protection of intellectual property, which is critical ...
Data breaches won't derail Singapore's tech push
SINGAPORE (Apr 22): Recent data breaches, including one where details of HIV patients were leaked, won’t hold back Singapore’s efforts in testing and investing in the latest technology to build what it termed as a “Smart Nation.” “We cannot go back to pen and paper,” said Vivian Balakrishnan, the Singapore minister tasked with transforming the city-state into a Smart Nation. “If ...
Singapore's fake news bill set to become law in second half
(April 15): Singapore’s fake news laws will likely come into effect in the second half of this year, as the country joins the ranks of nations trying to curb the spread of online falsehoods. The aim of the proposed laws isn’t to suppress information, but rather to equip Singaporeans with facts so they can engage in public discourse, Minister for Communications and Information S. Iswaran ...
It's all work, all play in Singapore if urban plan gets go ahead
(Apr 5): Living where you work and play may not seem like the ideal balance in terms of escaping the grind, but it’s a key plank of Singapore’s vision for its central business district. Like many cities’ financial centres, Singapore’s is bustling by day and close to deserted during a weekend. The government hopes to change that and laid out details of how it aims to go about it in an ...
Singapore to have more CBD living, go underground to free space
SINGAPORE (Mar 27): The garden city of Singapore wants to be even more green. It also wants more homes in its central business district, and plans to move facilities underground to free up living space. As part of the plan to rejuvenate Singapore’s central area, a variety of homes and amenities in areas such as downtown, Marina South and Rochor will be planned so more people can live near ...
Singapore, Paris, Hong Kong tie for world's most expensive city
(Mar 19): Move over Singapore — the world's most expensive city has two new rivals. After topping the Economist Intelligence Unit's Worldwide Cost of Living Survey for five years, Asia's Lion City has been joined by Paris and Hong Kong in a tie at the top of the table. Zurich and Geneva rounded out the top five, while New York and Los Angeles reclaimed spots in the top 10 — ranking in ...
Singapore set to raise retirement ages as seniors stay healthier
(Mar 6): Singapore may raise its retirement and re-employment ages as citizens enjoy more years of good health and demonstrate sustained productivity at work. The retirement age, which is now at 62, and re-employment age, 67, are set to be raised, though the exact timing of the changes and by how much have yet to be determined, the country’s Minister of Manpower Josephine Teo said in ...