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 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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Batam, Bintan and Beyond: Riau Islands as Indonesia’s hotspot for Manufacturing and Digital Investments

With proximity to Indonesia’s major trading partners, Riau Islands is one of the country’s premier manufacturing hubs, with the industry contributing over 40% to its economy in 2020. The province is home to large industrial estates such as the Nongsa Digital Park and Bintan-Batam-Karimun Free Trade Zone. In post-pandemic Indonesia, the province is a hotspot […]

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Could MAS’s Policy hit the dual targets of welfare maximization and sustainability? Definitely!

Climate-related risks have received growing attention from policy makers in recent years (Dikau and Volz, 2021; Muller, 2021), and central banks and other stakeholders within the financial sector are believed to be better able to promote a sustainability agenda through the use of various initiatives. This article reviews the latest initiatives by Singapore’s financial sector […]

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Chart of the Week November 19, 2021: Impact of data flow policies on ICT sectors

Summary Data is regarded as the fourth factor of production in today’s digital economy and plays an integral role in digital trade. In contrast with overly strict or relaxed data flow policy, a balanced approach will maximize the output of the ICT sector. Digital Economic Agreement (DEA) stipulations concerning data flows are deemed to improve […]

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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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