Chart of the Week October 8, 2021: Singapore: Employment effects of Covid-19 Pandemic in Tourism

Note: The reported values are annual figures. 2021 data refers to as of 2021Q2. Summary As an international tourist destination and connection hub, millions of tourists visit Singapore annually. However, the recent border closure in response to the COVID-19 pandemic has affected the tourism sector’s revenue and employment, with spillover effects on other industries. Using […]

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Are SMEs the answer to boosting Singapore’s innovation output?

Singapore’s continuous efforts to position itself as an innovation-driven and knowledge-based economy has been a prime priority in recent years. Over the past two decades, the Singapore government has undertaken a structural approach towards investments in Research and Development (R&D), through Research, Innovation and Enterprise plans, which are established every five years to dynamically work […]

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Valuation of Travel Bubbles: Assessing Cooperative Travel Arrangements in a Pandemic

ACI recently hosted a webinar titled “Valuation of Travel Bubbles: Assessing Cooperative Travel Arrangements in a Pandemic” on Tuesday, 10 Aug 2021. In the webinar, Dr Xie Taojun presented the latest ACI research paper “Impact of Travel Bubbles: Cooperative Travel Arrangements in a Pandemic”, co-authored with Dr Wang Jiao and Liu Shiqi. The research evaluates […]

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Reopening International Travel: The Travel Bubble Approach

Why was the Singapore – Hong Kong travel bubble deferred twice? Will a high vaccination rate give policy makers the necessary confidence to proceed with it again? Our latest research explores the decision-making process among global leaders as they work towards cooperative travel arrangements in a pandemic.  Reopening international travel is one of the most pressing issues facing the world […]

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Book Launch: Economic Impact of COVID-19 on Three Asian Tigers

It has been over a year since the onset of COVID-19. Governments around the world have undergone an unprecedented challenge to contain the pandemic while minimizing the economic costs. Policy responses have been vastly different across countries, from strict quarantine measures in China, to minimal economic intervention in Sweden. Despite varying degrees of stringency, these […]

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Guest Lecture by Professor Paul Cheung: Human Resource, Economic Competitiveness, and Regional Development

Special highlight: Letter of Intent (LOI) signing ceremony between ACI-LKYSPP-NUS and Universitas Diponegoro Asia Competitiveness Institute and Universitas Diponegoro have signed a Letter of Intent (LOI) to extend research collaboration on Indonesia and Central Java’s economic landscape. The LOI was represented by Professor Paul Cheung Director, Asia Competitiveness Institute, Lee Kuan Yew School of Public […]

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CHART OF THE WEEK APR 30, 2021: Singapore’s Manufacturing and Services Business Expectation on Employment Forecast

Summary  Even before the pandemic, business sentiment on the employment forecast in Singapore’s manufacturing sector had consistently been negative for years, indicative of the industry’s intention to transition towards a leaner workforce. Using the data published by the Economic Development Board and the Singapore Department of Statistics, this week’s chart depicts the business sentiment on the employment […]

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CHART OF THE WEEK FEB 19, 2021: Net Business Formation in Major Industries in Singapore

Highlights:  Formation and cessation of business entities are important indicators of economic health and inherent parts of economic restructuring. Notwithstanding the challenging business environment in 2020, most sectors have seen net firm entrance, although the size of net formation varies across sectors. This week’s chart describes the disparities in net business formation across selected sectors in Singapore.  Summary:  In Q1, traffic restrictions […]

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CHART OF THE WEEK JAN 29, 2021: Change in Singapore’s Paid Working Hours in 2020

Summary Singapore’s overall unemployment level climbed to a 16-year high in 2020, attributed to the COVID-19 pandemic. However, the ‘Job Support Scheme’, along with other policy measures arguably lessened the hit of COVID-19 on Singaporeans who managed to keep their jobs. This week’s chart shows the change in total paid working hours, as well as the change in paid overtime […]

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Chart of the Week Jan 22, 2021: Consumer Spending Patterns in Singapore

Summary  During the COVID-19 pandemic, daily life was severely disrupted, and a marked change can be observed in the aggregated spending patterns of consumer groups. This week’s chart highlights the quality and suitability of private consumption data to track the Retail Seles Index in Singapore through the pandemic. Asia Competitiveness Institute has partnered with Mastercard […]

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