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January 2025: Malaysia Chairs ASEAN, Singapore Hikes Corporate Tax

January 2025: Malaysia Chairs ASEAN, Singapore Hikes Corporate Tax

by Teuvo Tuomi | Dec 31, 2024 | ASEAN, Asia, Business, Economy, Indonesia, Malaysia, News, Singapore, Thailand

We all hope that 2025 will start on a positive note. Here are some of the main regional topics for the January 2025, listed by Nikkei Asia: Malaysia takes up ASEAN chair Malaysia takes up the rotating chair of the Association of Southeast Asian Nations (ASEAN) as...
Vietnam’s GDP to Surpass Singapore’s in Five Years: CEBR

Vietnam’s GDP to Surpass Singapore’s in Five Years: CEBR

by Teuvo Tuomi | Dec 30, 2024 | Economy, News, Singapore, Vietnam

According to the UK-based Centre for Economics and Business Research (CEBR), Vietnam’s GDP will surpass Singapore’s in five years, reaching $676 billion by 2029. By 2039, Vietnam’s GDP could rise to $1.41 trillion, ranking 25th worldwide and becoming Southeast Asia’s...
Singapore Home to 47 Billionaires

Singapore Home to 47 Billionaires

by Teuvo Tuomi | Dec 6, 2024 | Singapore, Investment, Lifestyle, News, Research, Society

Billionaires worth more than US$400 billion (S$536 billion) have emigrated in the past four years, with the Middle East and Africa region attracting the most super-rich. Singapore is host to 47 billionaires with a combined wealth of US$155.5 billion, according to the...
SEA Emerging As Data Center Hub

SEA Emerging As Data Center Hub

by Teuvo Tuomi | Oct 15, 2024 | Digitalization, ASEAN, Malaysia, News, Singapore, Southeast Asia, Technology, Thailand

Southeast Asia is emerging as an ideal region for tech operators to establish a data center base. Singapore, Malaysia, Thailand, Indonesia, and Vietnam are the top five countries. Singapore is the preferred destination for hosting data centers due to its superior...
Retail Sales in Singapore Remain Soft

Retail Sales in Singapore Remain Soft

by Teuvo Tuomi | Oct 5, 2024 | Business, Economy, News, Retailing, Singapore

Retail sales in Singapore rose by 0.6% in August from the same month a year ago, according to Department of Statistics data. This was higher than the 0.2% increase forecast by analysts in a Bloomberg poll. However, excluding motor vehicle sales, August’s retail...
Singapore’s EV Adaptation Fastest in SEA

Singapore’s EV Adaptation Fastest in SEA

by Teuvo Tuomi | Sep 9, 2024 | Singapore, Business, News, Sustainability, Technology

Singapore is forecast to have the largest share of passenger electric vehicles (EVs), 80% of all vehicles, in Southeast Asia by 2040, according to BloombergNEF. Meanwhile, the regional average is expected to be only 24%. Thailand, in second place, is forecast to have...
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