APEC Peru 2024 was held from 15 to 16 November 2024, and PM Wong offered to host the 2030 meeting at the closing of this year’s summit. This international forum has 21 member economies, which collectively account for almost half of all global trade and commerce.
Tag: Global economy
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.
Temasek 50th anniversary: PM Wong salutes PIO pioneers Pillay and Dhanabalan; speaks of Singapore ‘alpha’ as economic asset
The 50th anniversary of Temasek, the global investment company headquartered in Singapore, was held on Monday evening, with a speech delivered by Prime Minister Lawrence Wong that saluted early “pioneers”, including PIO Singaporeans Joseph Yuvaraj Pillay and Dhanabalan Suppiah. Both the former Indian-origin chairmen of Temasek were present at last evening’s anniversary dinner. He also […]
PM Wong conveys to UN chief António Guterres his “deep appreciation” of support given to small states
About Guterres specifically, PM Wong praised the UN chief’s “steadfast” commitment to the rules-based multilateral system; “strong” advocacy for global equity and justice; and “tireless” efforts to strengthen multilateralism.
Narendra Modi set to visit Singapore and Brunei after ministerial roundtable in island nation
ISMR 2024 has paved the way for Modi’s visit to Singapore in September 2024, which would come almost exactly a year after former Singapore Prime Minister Lee Hsien Loong’s trip to India in September 2023 for the G20 Summit.
UK Labour govt set to revive FTA talks with India during David Lammy visit
The free trade agreement talks with India began in January 2022, under the then UK Conservative government. The target was to significantly boost the GBP 38.1 billion a year UK-India trading partnership.
Global IT outage: Josephine Teo says Singapore must “fortify” digital defences during “peacetime”
Stressing upon the importance of measures to counter digital disruption, the Singapore minister said that updated Business Continuity Plans and regular Tabletop Exercises were vital.
Temasek reports SGD 389 billion Net Portfolio Value in FY24, up by SGD 7 billion from FY23, based on RoI from US and India
One of the Indian companies that benefited from Temasek’s sustainability-oriented investments was the electric vehicle manufacturer Mahindra Electric Automobile.
India developing Chabahar Port in Iran to create new Eurasian trade routes and de-risk commerce
The 10-year agreement on the Chabahar Port was signed between Indian Ports Global Limited (IPGL) and the Port & Maritime Organisation of Iran.
Singapore is again No. 1 among 67 competitive economies in the post-pandemic world
Summarising the findings of WCR 2024, an IMD blog said: “Singapore is the most competitive economy out of 67 across the world’s eight major regions.”
