21st century hailed as Asia's era. Singapore triumphs over Hong Kong in corporate hub race. China's influence wanes, Singapore shines.
Singapore revises 2023 growth forecast to 1.1% due to global economic risks; plans for gradual recovery in 2024.
The 2023 Corruption Perceptions Index reveals a global stagnation with an average score of 43, signaling persistent challenges. Singapore leads, while Malaysia rises, attributing success to anti-corruption efforts. Vietnam declines amid intensified anti-graft measures, emphasizing the link between corruption and justice deterioration.
Malaysia forms royal commission to probe 2018 decision withdrawing ICJ application on Pedra Branca. Focus on potential misconduct and impact on sovereignty dispute with Singapore.
Singapore, lauded for low corruption, faces shockwaves as ex-Transport Minister S Iswaran faces 27 charges, prompting concerns over PAP's electoral strategy and leadership transition amid a challenging political landscape.
Malaysia and Singapore collaborate on a Johor-Singapore Special Economic Zone (JS-SEZ) to boost cross-border trade, investment, and people's movement. The initiative includes passport-free passage and renewable energy cooperation, aiming to create a business-friendly environment. The completion of a new light rail transit system connecting Johor Bahru and Singapore is also underway, expected to ease traffic on the Johor-Singapore Causeway.
Singapore secures top spot on the 2024 Henley Passport Index, leading with 194 visa-free destinations. The country's global standing enhances its role in international business and hospitality.
Ongoing Houthi attacks in the Red Sea jeopardize global trade, affecting Singapore's vital shipping industry. Operation Prosperity Guardian responds, while Singapore faces disruptions and potential economic repercussions.
Singapore avoided recession in 2023, achieving 1.2% GDP growth. Despite global challenges, a positive outlook for 2024 is fueled by recovering global economies and service exports. The nation's electronics and pharmaceutical industries show promise, but an ageing population poses a long-term economic threat.
In a surprising turn of events, Tharman Shanmugaratnam secured an unprecedented 70.4% victory in Singapore's 2023 Presidential Election, raising questions about PAP's endorsement and the nation's political landscape.