Singapore’s foreign worker quota will be reduced for the manufacturing sector from 20 percent to 15 percent by January 2023.
By Bob Savic, Advisor to Dezan Shira & Associates From “Singapore-on-Thames” to cruising on the Singapore River There was much controversy, before and after the United Kingdom’s (UK) Brexit from the European Union (EU), in talk of it adopting a free trade and manufacturing model similar to Singapore’s. The idea was dubbed as “Singapore-on-Thames” by[…..]
Singapore’s government issued the COVID-19 Resilience Package as part of its 2021 national budget announcement on February 16, 2020.
Sri Lanka is being developed to act as an accessory in part to Singapore, the regional Southeast Asia financial and services capital.
Singapore’s Minister of Trade introduced the latest plans to transform his country into a regional and global e-commerce hub.
Singapore’s Digital Economy Partnership Agreement (DEPA) with New Zealand and Chile came into effect on January 7, 2021.
Singapore has approved its first digital banking licenses, which will make financial services more accessible to underserved segments.
The UK-Singapore free trade agreement (FTA) was signed in early December 2020 and has been in effect since January 1, 2020.
Singapore has established a one-way travel corridor with Taiwan under the Air Travel Pass scheme (in effect since December 18, 2020).
Singapore will begin Phase 3 of reopening its economy starting December 28, enabling businesses to accommodate more customers.