Singapore Is World’s Leading Maritime For 13th Consecutive Year
Singapore has retained its position as the world’s leading maritime centre in the 2026 Xinhua-Baltic International Shipping Centre Development (ISCD) Index, marking the 13th consecutive year that it has topped the global rankings. The achievement underscores three decades of collaboration btween the MPA and the maritime industry to build one of the world’s most comprehensive […]
As Singapore’s Digital Economy Hits $128 Billion, Tech Wages Climb to $7,950
Digitalisation continues to be a key engine of Singapore’s economic growth. In 2024, the nation’s digital economy expanded by S$12 billion, reaching S$128.1 billion in total value. That’s now 18.6% of Singapore’s GDP, up from 18.0% in 2023 and 14.9% just five years ago. But what’s especially striking is that this growth isn’t coming from […]
Singapore Named World’s Top Maritime Centre for 12th Consecutive Year
Singapore retained its ranking as the world’s top maritime centre, marking the 12th consecutive year it has led the Xinhua-Baltic International Shipping Centre Development (ISCD) Index. It achieved a score of 99.50 out of 100 London once again secured second position with a score of 81.02, demonstrating its continued prominence as a maritime support services […]
MAS Clarifies Scope of Digital Token Service Providers Regime Ahead of June Implementation
The Monetary Authority of Singapore (MAS) has issued a clarification regarding the scope and application of its upcoming regulatory regime for Digital Token Service Providers (DTSPs), which will take effect on 30 June 2025. This follows MAS’ 30 May 2025 publication of its response to feedback on its earlier consultation paper outlining the proposed regulatory […]
Outgoing chairman Lim Boon Heng reflects on his years at Temasek
Temasek Holdings announced that Mr Lim Boon Heng will step down from its Board with effect from 9 October 2025, marking the end of a distinguished 13-year tenure as a Director, including 12 years as Chairman. In a tribute to Mr Lim, Temasek Holdings said: A strong advocate of stakeholder capitalism with extensive experience in […]
Mr Teo Chee Hean to succeed Mr Lim Boon Heng as Temasek Chairman
Temasek Holdings announced that Mr Teo Chee Hean will join its Board of Directors as Deputy Chairman on 1 July 2025, and succeed Mr Lim Boon Heng, to become its fifth Chairman, on 9 October 2025, after the conclusion of its third-quarter Board meeting this year. As part of Temasek’s Board renewal process, Mr Cheng […]
Singapore Government plans far ahead to help our people and economy adjust to challenges
Fiscal policy in Singapore is characterised by a strong long-term orientation. The Singapore Government plans far ahead to prepare for longer-term challenges such as ageing and climate change. This enables them to intervene effectively upstream, thereby avoiding the more costly interventions downstream. It also enables them to help our society and economy adjust to challenges. […]
Not taking sides is the most sensible and essential position for Singapore: Vivian Balakrishnan
“In a more volatile world that is increasingly inimical to the security and survival of small states like Singapore, we must try to shape global norms by making common cause with as many friends and partners as possible in order to support multilateralism, the rule of law and the UN Charter,” Minister for Foreign Affairs […]
Income-Allianz deal: both NTUC Enterprise and Allianz respected and followed the law, says Shanmugam
In a Facebook post, Law and Home Affairs Minister K Shanmugam said he noted from the wider discussions on the Income-Allianz deal that there are several different misperceptions on this matter. He mentioned two of them in his post. These are: (1) That the Government was intent on proceeding with the deal, until there was public feedback […]
Singapore has second most competitive workforce and higher than global AI adoption rate
Countries that can attract, develop and retain talent – skilled people – can boost their competitive edge in the global economy. Singapore ranked second on INSEAD’s Global Talent Competitiveness Index in 2023, underscoring our attractiveness to global talent and strength in developing our local skilled workforce. Singapore ranks highly for formal education and its ability to […]