Chart of the Week July 15, 2022: Greater Bay Area Integration: Reallocation of Foreign Direct Investments

Summary The Chinese government officially launched the integration of the Greater Bay Area in 2017, with the aim of building Hong Kong, Macau and nine mainland cities into a competitive urban agglomeration. With the advancement of this strategy, inward FDI flows increased to other GBA cities as well.  Post the Covid-19 pandemic, the recovery in […]

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Chart of the Week July 1, 2022: Changing Demand for Skills in the Singapore Labour Market

Summary Asia Competitiveness Institute partnered JobTech to analyse real-time trends in the Singapore labour market. Our study of the job posting data from 2018 to 2021 finds the largest increase in demand for skills related to the STEM fields, such as scripting languages (Python), programming languages (Java), and software development. In contrast, the demand for […]

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Chart of the Week June 17, 2022: Consumption Reallocation during COVID-19

Summary The pandemic has changed consumers’ habit. The overall retail sales in Singapore have recovered to the pre-pandemic level, but some sectors are still lagging. Instead of dining in the restaurants, some have opted to buy more from the supermarkets. The greater dispersion in retail sales indices imply reallocations of consumption among Singaporean consumers. Whether […]

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Chart of the Week June 3, 2022: Vietnam Advances in Technological Infrastructure

Note: The ASEAN-10 average score is standardized as zero; Vietnam’s scores above zero show above-average performance, while scores below zero indicate below-average performance. Summary In ACI’s ASEAN competitiveness analysis, Vietnam has performed in technological infrastructure competitiveness, leapfrogging from a regional laggard in 2000 to above the ASEAN-10 average in 2018. This improvement is due to […]

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Chart of the Week May 20, 2022: Singapore’s Greenfield Investments Abroad

Summary In 2021, Singapore experienced a strong rebound in outward greenfield investments, mainly through investments in real estate, retail and the setting-up of data centres. The recovery in Singapore’s greenfield FDI outflows overtook most of the other top Asian investors. Highlights Australia emerged as a top greenfield FDI destination for Singapore in 2021. China-Australia bilateral […]

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Chart of the Week May 6, 2022: Generation of E-Waste and Rising GDP per Capita in the ASEAN-6 and its East Asian Partners, 2014-2019

Summary Rising affluence in regional economies is linked with greater purchasing power – however, the downside is the creation of more waste. Over 24.9 million metric tonnes of E-Waste were generated across Asia in 2019, much of which came from countries with higher GDP per capita. Furthermore, increases in GDP per capita led to a […]

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Chart of the Week April 22, 2022: Singapore’s Changing Labour Competitiveness

Summary ACI’s ASEAN Economic Competitiveness Analysis finds that Singapore’s labour market has traded off Labour Market Flexibility for Productivity Performance. Singapore has fallen from being the most flexible market at the start of the study in 2000 to being below the ASEAN-10 average in 2018. In contrast, the Productivity Performance of Singapore has grown with […]

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Chart of the Week April 8, 2022: US M&As and the Likelihood of Their Announcement

Summary Using data from a study about US mergers and acquisitions (M&A), this week’s chart shows that the probability of M&A announcement increases when the workforces of the merging firms have similar political ideologies. In the United States, the dominant way of classifying political ideology tends to be either liberalism or conservatism, which aligns with […]

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Chart of the Week March 25, 2022: Intra-ASEAN trade dependency 2018-2020

Summary Intra-regional trade dependency is highly heterogeneous across the ASEAN-10 countries, with Laos being the most dependent with approximately 60% trade intensity with ASEAN-10, in terms of both export and import. Singapore’s export structure became less dependent on the ASEAN countries (from 30% to 25%) from 2018 to 2020. However, the import structure of Singapore […]

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