2023-03-09
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Singapore launches “Singapore Rewards” program with free guided tours to attract foreign tourists

Starting from Wednesday, March 8th, 2023, global travelers can log onto the “Singapore Rewards“ website to select the activities they would like to participate in. There are currently 38 tourism products available for registration, divided into four categories: novelty and excitement, dining, wellness, and sustainable environment. The Singapore Tourism Board has launched this rewards programme to allow visitors to participate in guided tours for free and get to know a different side of Singapore. Only short-term travelers who enter Singapore by airplane can participate in free activities such as those mentioned above, with each person limited to one activity. Tickets […]
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2023-03-10
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MAS release: Private sector economists raise Singapore’s economic outlook for 2023, forecasting annual growth of 1.9 percent.

Private sector economists have raised slightly their forecast for Singapore’s economic growth in 2023, with the pace seen accelerating to 2.5 percent in 2024, according to a Monetary Authority of Singapore (MAS) survey. Most of the 21 economists and analysts who participated in the quarterly survey believe robust growth in China, underpinned by economic reopening and policy easing, better-than-expected global growth, and a faster technology sector recovery could further boost Singapore’s outlook. The median forecast for gross domestic product (GDP) growth in the survey, which was conducted in February, came in at 1.9 percent for the whole of 2023. This […]
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2023-03-14
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IMDA signs a memorandum of understanding with the United States Federal Communications Commission to promote bilateral cooperation

On February 27, 2023, The Infocomm Media Development Authority (IMDA) of Singapore and the United States Federal Communications Commission (FCC) have signed a Memorandum of Understanding (MOU) to enhance cooperation between both countries. The MOU aims to promote bilateral cooperation on telecommunications regulatory policies. It covers regulatory cooperation and information exchange in emergent areas of communications and connectivity. IMDA and the FCC will also explore technical cooperation and capacity building in the field of telecommunications. FOZL Group provides one-stop corporate services to local and overseas companies, currently serving over 1,000 companies in Singapore. FOZL assist clients to register Singapore companies, and provide Accounting, […]
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2023-03-15
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Singapore releases national waste management guidelines for the MICE industry, aiming to promote the sustainable development of the industry

On March 7, 2023,  SACEOS and the Singapore Standards Council (SSC), which is overseen by Enterprise Singapore, launched the new Workshop Agreement (WA), known as WA 3 Sustainable MICE – Guidelines for waste management. Applicable to MICE events with 50 or more attendees, WA 3 provides specific guidelines for various MICE stakeholders. WA 3 aims to support the sustainable transformation of the MICE industry and position Singapore as one of the most sustainable MICE destinations in Asia Pacific, and a preferred destination choice for holding green events.   To build waste management capabilities among MICE stakeholders, SACEOS will be running […]
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2023-03-16
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Singapore Land Transport Authority launches Blueprint for Industrial Transformation 2025 to develop a future-oriented workforce

On 13 March, 2023, Minister for Transport S.Iswaran launched the Land Transport Industry Transformation Map (ITM) 2025. Developed by the Land Transport Authority (LTA) in close collaboration with industry and union partners, the refreshed Land Transport ITM aims to build a sustainable and resilient land transport sector, a future-ready workforce and a vibrant ecosystem.  The Land Transport ITM 2025 will help the sector navigate through immediate challenges of manpower constraints and decarbonisation. It aims to achieve three strategic outcomes:(1)A Future-Ready Workforce; (2)A Sustainable and Resilient Land Transport Sector ; (3)A Reliable and Cost-effective Transport System through Innovation & Technology. FOZL […]
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2023-03-17
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Singapore and Indonesia sign MOU on renewable energy cooperation to review promising commercial projects for a win-win outcome

On 16 March, 2023, Singapore and Indonesia signed a bilateral Memorandum of Understanding (MOU) on Renewable Energy Cooperation. The MOU will support commercial arrangements on the development of renewable energy capabilities, transmission infrastructure, which is the backbone of a country’s power system, and the cross-border electricity trade. The countries will facilitate investments for the development of upstream and downstream renewable energy manufacturing industries and capabilities in Indonesia, including solar photovoltaics (PV) and Battery Energy Storage Systems (BESS), leveraging investments for electricity export projects to Singapore. The Indonesia and Singapore Governments are concurrently reviewing promising commercial proposals that have the potential […]
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2023-03-21
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Total employment in Singapore increases by 227,800 in 2022, 2.9% higher than in 2019

On March 15, 2023, Singapore’s Ministry of Manpower released the Labour Market Report 2022, showing total employment registered a record-high increase of 227,800 in 2022, bringing total employment to 2.9% above the pre-pandemic 2019 level. Resident employment continued its steady growth, increasing by 26,300 in 2022. The increase was mostly in outward-oriented sectors such as Financial Services and Information & Communications. By December 2022, the resident employment level has surpassed 2019’s level by 4.8%. Annual average unemployment rates improved further in 2022 compared to 2021 (overall: from 2.7% to 2.1%, resident: from 3.5% to 2.9%, citizen: from 3.7% to 3.0%) and are below pre-pandemic. The […]
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2023-03-22
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International Maritime Organization, Norway and Singapore sign MoU on maritime decarbonization

On March 21, 2023, A Memorandum of Understanding (MoU) has been signed by the International Maritime Organization (IMO), the Ministry of Climate and Environment of Norway, and the Maritime and Port Authority of Singapore (MPA), with the intention to collectively undertake technical cooperation activities to assist developing countries in their efforts to reduce emissions from ships and in ports. Participants will work together to exchange experience, knowledge and best practice, and undertake joint resource mobilization with a view to cooperate and collaborate on actions to reduce greenhouse gas (GHG) emissions from ships and the activities of ships in ports, within […]
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2023-03-27
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Enterprise Singapore to launch new courses on decarbonisation and sustainable finance for businesses.

Enterprise Singapore (EnterpriseSG) and its partners are launching new courses on decarbonisation and sustainable finance for businesses, as part of initiatives under the Enterprise Sustainability Programme (ESP). The courses will commence from April 2023. ESP Decarbonisation Courses: The courses will cover topics such as carbon accounting, how to set decarbonisation targets and plans, ways to decarbonise and carbon disclosures and reporting.  Participants will be provided tools and resources such as carbon calculators to understand how they can embark on carbon accounting for their companies. ESP Sustainable Finance Courses: The courses will provide participants with comprehensive information on sustainable finance such […]
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