Your Week Out

The Nyetimber Secret Garden at 1880 Singapore
Until Feb 29, 2020

Singapore tourist arrivals hit new high

(Dec 2): It’s almost like a sequel to “Crazy Rich Asians.”

A year after the movie – set in Singapore – helped drive a record number of visitors to the city-state, the tourists are back again in full force, pushing arrivals to a new high in the third quarter.

About 5 million travellers came to the island between July and September, led by visitors from Greater China, with a 22% increase, according to data from Singapore Tourism Board’s website. The previous quarterly record was 4.83 million set in the same period a year earlier.

Singapore October core inflation eases to over three-year low

SINGAPORE (Nov 25): Singapore's core inflation rate eased to its weakest level in over three years in October, data showed on Monday.

The core consumer price index (CPI) rose 0.6% from a year earlier, compared with a 0.7% rise in September.

This was lower than the 0.7% forecast seen in a Reuters poll and the lowest since March 2016 when it also rose 0.6%.

The headline consumer price index rose 0.4% from a year earlier, lower than both September's figure and the poll forecast which were at 0.5%.

As Trump upends trade flows, no benefit felt yet from shift in global supply chains

SINGAPORE (Nov 25): Since the entry of China into the World Trade Organisation in 2001, national economies have been integrated into the global economy at an unprecedented pace. According to the WTO, more than half of world trade in goods and services consists of intermediate products which are mostly exchanged within global value chains, which have become worldwide networks for the production of goods and services.


Singapore and Shanghai threaten Hong Kong's status as finance hub

(Nov 8): Hong Kong has long defied predictions it’ll lose its stature as Asia’s top international financial center — but for how much longer?

Proponents of the city say its laws make it the perfect place for China to plug into global markets and note many financial players have deep roots there. Yet by several measures the future isn’t so bright. Hong Kong now handles fewer stock trades than Shanghai. Its wealth management industry is struggling to keep assets as Singapore’s grows. Its taxes are low, but rents are sky high.

Singapore plans tree-planting bonanza to battle climate change

(Oct 22): Land-scarce, low-lying and increasingly hot Singapore is going to have to find room for more than a quarter of a million new trees and shrubs as the city-state steps up measures to respond to climate change.

These are the world’s best (and worst) pension systems

(Oct 21): The Netherlands and Denmark have the best pensions systems in the world, according to a global study that shines a light on how nations are preparing aging populations for retirement.

The countries took the top two slots in the Melbourne Mercer Global Pensions Index published Monday, both earning an A grade for the level of financial security provided in retirement. Australia came in third, with a B+ grade, while the top 10 was rounded out with Finland, Sweden, Norway, Singapore, New Zealand, Canada and Chile all on B.

Thailand, Philippine firms lead revival in South-east Asia IPOs; Singapore still in top spot

SINGAPORE (Oct 10): Thailand and Philippine companies are leading a regional pick-up in initial public offerings (IPOs), spurred by growing investor interest in firms focused on South-east Asian consumers.

Asset World Corp, the hospitality and property firm listed by Thai billionaire Charoen Sirivadhanabhakdi, and Philippine home furnishing retailer AllHome Corp raised US$1.6 billion ($2.2 billion) and US$285 million, respectively.

Singapore offers Indonesia help to combat 'scourge' of haze

(Oct 8): Singapore has reached out to Indonesian authorities to offer assistance and urge action in combating the “perennial scourge” of haze on the region, with no response from Indonesia thus far, the Ministry for the Environment and Water Resources said in written responses to Parliament queries Monday.

Here are more comments from the ministry regarding the haze issue:

Singapore tops AI Disruption Index, but compelling vision alone might not be enough

SINGAPORE (Sept 26): Singapore has clinched the top spot among 105 cities in terms of its preparedness to deal with digital disruption, according to the Cities AI Disruption Index published Thursday by the Oliver Wyman Forum.

Singapore showed the most readiness overall, with an average score of 75.8 across all four categories identified as critical for success in meeting the increased speed and scope of technology disruption brought by artificial intelligence. 

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