The agreement allows for the exchange of local currencies between the two central banks of up to S$15 billion, or 1.1 trillion yen, according to the Monetary Authority of Singapore.
Urban infrastructure and environmental solutions like water, and waste management; transport and logistics; and financial services are areas of opportunities the Trade and Industry Minister (Trade) highlighted for Singapore firms.
Local companies that have made plans to leverage on the Trans-Pacific Partnership (TPP) told Channel NewsAsia that they are disappointed by the recent turn of events, but the likely breakdown in the trade deal is not keeping them up at night.
The awards, organized by Mediacorp and events company S. Auxano, are accepting nominations from Nov 29 till Dec 28.
After Nov 28, the remaining cargo-laden containers owned or operated by South Korea’s Hanjin Shipping that are lying in PSA Singapore’s terminals and facilities will be disposed of or sold.
Unveiling its newest brand, Lyf, Ascott said its properties are designed for and managed by millennials, to cater to growing demand.
Singapore’s gross domestic product (GDP) for the third quarter may have performed better than initially expected, but that may not be sustainable.
While negotiations are still ongoing, dropping the F1 Singapore Grand Prix may not have a significant impact on the tourism sector, said industry experts. But they also pointed out the intangible benefits of hosting such an event.
The consumer price index has now fallen for 24 consecutive months, according to data released by the Department of Statistics.
National Development Minister Lawrence Wong says that while globalisation has brought benefits through economic interdependence between countries, there is a broad section of society which does not feel their lives have improved.