Singapore News: According to the Singapore Tourism Board (STB), Singapore currently accounts for a third of the world’s cruises, owing to the roaring success of its “cruises to nowhere” at a time of crisis in the industry globally.
Tag: Economy
Singapore economy shrinks by record 5.8 % in COVID-hit 2020: MTI report
Singapore’s economy contracted a record 5.8 per cent in a pandemic-hit 2020, according to statistics from the Singapore Ministry of Trade and Industry.
Indian economy set to overtake UK by 2025, become world’s third largest by 2030: Report
India, despite being one of the worst affected countries due to coronavirus, will become the world’s fifth-largest economy by 2025 and the third-largest by 2030, a United Kingdom-based think tank has said.
China gaining on US, India fourth in Asian power index, says report
According to a report on division of national influences in the Asia-Pacific, China is closing in on the US as the most powerful country in the region, as America’s handling of the Covid-19 pandemic has adversely affected its reputation.
World Bank allotts USD 12 bn to make COVID-19 vaccines more accessible
The World Bank announced that it has approved USD 12 billion in financing to help developing countries buy and distribute coronavirus vaccines, tests and treatments.
Singapore’s economy contracted 7% in 3rd quarter of 2020
Singapore’s GDP contracted 7 per cent on a year-on-year basis in the third quarter of 2020.
Supreme Court ruling sets stage for adoption of Bitcoin economy in India
The idea of making transactions with various types of cryptocurrencies has taken the world by storm. However, it presents its own set of complications, which led to the legal battle involving the Indian government in the Supreme Court.
India becoming one of the leading attractions for foreign investment: PM Modi in USISPF speech
Indian Prime Minister Narendra Modi said 1.3 billion Indians have embarked on one mission – to create an “Atmanirbhar Bharat”, which seeks to merge the local with the global and ensure the country’s strengths act as a global force multiplier.
US-India trade deal almost ready to be finalised: Indian Commerce Minister Piyush Goyal
The “whole package” of the US-India trade deal is almost ready and it can be finalised when the local political situation in the United States is conducive, Union Minister of Commerce and Industry Piyush Goyal said.
Singapore government extends COVID-19 salary support for companies to March 2021
Minister for Finance Heng Swee Keat announced continued COVID-19 support measures for workers and jobs announced in a ministerial statement on Monday, August 17.
