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21% Rise in Visitors Since 2024 Recorded in Singapore Singapore has welcomed 16.5 million international travellers since 2024, marking a 21% surge from the previous year. This is the highest increase in arrivals since the Covid-19 pandemic. The Singapore Tourism Board (STB) anticipates this positive trend to persist, with estimates of 17 to 18.5 million…
Workplace Fairness Bill Passed in Singapore: Strengthening Anti-Discrimination Laws Singapore’s Parliament passed the Workplace Fairness Bill on January 8, introducing stronger protections against workplace discrimination. The bill received unanimous support from Members of Parliament (MPs) and aims to reduce biases related to age, nationality, race, gender, and other factors in employment decisions Balanced Approach…
Singapore Claims Top Spot as the World’s Most Innovative Country in 2024 Singapore has earned the title of the world’s most innovative country, surpassing the United States in the latest Global Innovation Scorecard. This biennial ranking, compiled by the Consumer Technology Association (CTA), evaluates 74 countries and the European Union based on factors like…
Starting 1st January 2025, the Singapore government will adjust the Annual Value (AV) thresholds for several social support schemes, including the Goods and Services Tax (GST) voucher scheme, benefiting over 1 million residential properties. Designed to help lower- and middle-income households manage living costs, the Goods and Services Tax (GST) voucher scheme will provide enhanced…
Corporate cheques will continue to be processed until the end of 2026 By the end of 2026, corporate cheques will no longer be available in Singapore as the Monetary Authority of Singapore and the Association of Banks Singapore will be introducing two new e-payment solutions to replace retail and corporate cheque payments. Additionally, banks will…
Singapore continues to learn from best practices to top global public administration index Singapore was ranked first globally in the public administration index, according to the Blavatnik Index of Public Administration. The Blavatnik Index of Public Administration framework measurement measures broad areas of public administration such as national delivery, public policy, people and processes, and…
Singapore Emerges As the Leading Tech Startup Funding Hub in Southeast Singapore is poised to take its digital landscape to the next level with AI-cloud funding solutions for supportive enterprises. Led by technology leaders in the field, these solutions will give businesses the advanced tools to finally integrate artificial intelligence (AI) and cloud solutions into…
Upskill Initiatives in Singapore Designed for Carbon Services and Trading Growth Singapore has unveiled a new academy aimed at strengthening its position as a global leader in sustainability and carbon markets. The initiative will upskill approximately 300 professionals in carbon services and trading, providing specialised training in key areas critical to the sector’s growth. …
Singapore Emerges As Regional Leader in Tech Startup Funding In 9M of 2024, Singapore accounted for 62% out of 2.3 billion of the total tech startup funding, dominating Southeast Asia (SEA). Singapore supersedes Jakarta (14%), Bangkok (12%) and Taguig (3%) in the tech startup funding. The rest of the 9% are from the remaining SEA…
Anti-Money Laundering Rules in Singapore Now Have Additional Measures Singapore officials unveiled additional anti-money laundering rules pertaining to inter-agency data sharing, dormant entities and channels closure, and programs to encourage businesses to report suspected activities. After uncovering a massive money laundering network last year, authorities seized over $2.2 billion in assets and imprisoned ten foreigners.…