India shifts USD 237K tonnes of gold from Bank of England vault
Tag: Economy
India remains world’s largest growing economy, but 3 key reforms needed, says IMF Asia-Pacific director
In 2024, the upcoming festival of Diwali, celebrated by the Indian diaspora around the world, is expected to see a total domestic spending of INR 1.8 trillion (USD 21.18 billion) by urban Indians alone. The size of the whole Diwali market in India is about 2.5 times that figure.
Rajasthan economy can grow even faster than India, says Col Rajyavardhan Rathore at Singapore investor meet
In the run-up to this investor meet in Singapore, Memoranda of Understanding (MoUs) worth about INR 12.5 trillion (about USD 148.9 billion/ SGD 195 billion) were signed between Rajasthan and companies within and outside India.
Singapore residents take No. 1 spot in Asia and No. 4 in the world in financial asset ownership
The per capita difference between Denmark and Singapore is of a mere EUR 270, which brings Singapore within touching distance of the global Top 3 of financial asset (cash, stocks, bank deposits) ownership.
When 4 equals 5: Singapore gives its verdict on a shorter work week in Asia-wide survey
The enthusiasm level for a four-day work week is very high among Singapore employees, of whom 93 per cent of the surveyed respondents have embraced the idea.
A for India: Bill Gates impressed by nation’s focus on eliminating malnutrition
The Gates Foundation’s Goalkeepers Report is an annual document that tracks progress on the United Nations Sustainable Development Goals (SDGs). The Foundation is one of the biggest funding agencies in the global efforts to bring down malnutrition.
Singapore job-seeker aid of SGD 6,000 will be available to HDB dwellers, says manpower minister
Concerning HDB dwellers and their eligibility for this aid, the minister said, “The threshold of [annual property value of] SGD 25,000 for the [job-seeker support] scheme is aligned with other schemes such as the GST Voucher scheme. This covers about 75 per cent of residential properties, including all HDB flats.”
Hello, T5! Changi Airport’s new terminal ground-breaking in 2025; total passenger capacity will rise to 140 million
In addition to increasing capacity through T5, the Singapore Government is “also working closely” with international partners to “further liberalise” air services agreements, thereby expanding Changi’s network, said PM Wong.
September special payout for Singaporeans: 2.4 million+ people to get SGD 200-400 as cost-of-living support
At Budget 2024, Prime Minister and Minister for Finance Lawrence Wong had announced an SGD 1.9 billion enhancement to the Assurance Package (AP) to help relieve cost-of-living pressures for Singaporean households.
Majulah Singapura! PM Lawrence Wong speaks of “agility, foresight and gumption” in his first National Day speech
Ever pragmatic, the prime minister avoided excessive optimism in his speech. At the same time, he outlined the roadmap to strengthen Singapore.
