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Singapore Most Competitive Economy in the World

23 Oct 2009 - Published in Blog

According to the World Competitiveness Yearbook (WCY) published by IMD, Lausanne, the Switzerland-based business school, Singapore currently ranks just behind the United States, and is ahead of Hong Kong, Luxembourg and Denmark. The WCY is widely recognized to be the worldwide reference point to world competitiveness, and ranks the ability of nations to create and [...]

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Singapore – A Maritime Marvel

Published in Blog

At the 22nd Asian Freight and Supply Chain Awards (AFSCA), recently organized by Cargonews Asia, a leading transport publication, Singapore was conferred the award for “Best Seaport in Asia”. The international award was received by the Maritime and Port Authority of Singapore (MPA) acting chief executive Capt Khong Shen Ping. Winning this award has almost [...]

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Lights On Singapore – A Global Media City

Published in Blog

In a sneak preview of the Singapore Fusion Media 2015 masterplan, Media Development Authority (MDA) of Singapore revealed that S$500 million of investment funds, including private capital from banks and strategic investors, is available for media projects and businesses. Singapore Fusion Media 2015 masterplan, which will be launched later this year, is drafted with a [...]

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CECA Revised Singapore to Enjoy More Concessions

Published in Blog

The review of Comprehensive Economic Cooperation Agreement (CECA) between India and Singapore, has led to certain revisions of tariff in favor of Singapore Exports. A Protocol to amend the CECA, to further liberalize the tariff concessions for Singapore’s exports to India was signed by India and Singapore on 20 December 2007. The revised tariff concessions [...]

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Singapore Terminal 3 Changing Face of Aviation

Published in Blog

The opening of the ultra modern Terminal 3 of Changi Airport will prepare the ground for setting new records in the Aviation Industry. The new facility bolsters the leading position of Singapore as the Aviation hub and significantly sets it apart from its rivals at Hong Kong and Bangkok, by means of its capacity and [...]

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Ecosystem to Support Digital Media Technology Boom

Published in Blog

Singapore and the People’s Republic of China inked a Memorandum of Understanding (MOU) on Interactive Digital Media Technology (IDM) Research and Development. The MOU is an effort to promote bilateral collaborations in IDM R&D and pave the way for both countries to strengthen their IDM technology capabilities through training and information exchanges. Both countries will [...]

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Singapore Bolstering its Infocomm Infrastructure

Published in Blog

The Minister for Information, Communications and the Arts, Dr Lee Boon Yang while addressing the 12th IT Leader Awards on 29 February 2008 announced that over the next five years, the Infocomm Development Authority (IDA) will inject some S$70 million to develop the infocomm workforce in Singapore. Some S$43 million will be spent over five [...]

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Singapore Market Search Made Easy

Published in Blog

Accounting and Corporate Regulatory Authority of Singapore ACRA launched a new service called Market Search Services on October 18. This new service is aimed to facilitate a preliminary first level market analysis based on three criteria namely industry, location and paid up capital. This will be immensely helpful for B2B companies that would like to [...]

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OECD Tax Clampdown May Benefit Singapore

Published in Blog

A recent news report in Channel News Asia’s website stated that many high net worth individuals and enterprises may look towards Singapore to park their assets as the United States tightens the noose around the tax evaders. The traditional tax havens, which have long enjoyed the preference of the rich, are loosing the charm as [...]

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Ships Registry on the Rise in Singapore, with Zero Tax

Published in Blog

Singapore set to be a premier shipping and logistics hub Singapore is strategically located in the Asia Pacific region and its seaport is the largest in the world in terms of shipping tonnage. With links to more than 600 ports world-wide, it is the focal point for more than 400 shipping lines. 2006 was yet [...]