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.
Taiwan's recent presidential election saw Lai Ching-te of the DPP secure a historic third term, but the party lost its legislative majority. The outcome raises concerns over Sino-U.S. relations, with Southeast Asian nations navigating delicate diplomatic challenges amidst potential regional security shifts.
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.
Philippine and Indonesian Presidents discuss South China Sea tensions, emphasizing regional cooperation. Commitment to finalize Code of Conduct and strengthen border security for stability in the area.
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.