Data from the World Bank estimates that the agreement would cover 30 percent of the world’s population, approximately 30 percent of global GDP (US$25.8 trillion), approximately US$ 12.7 trillion (25 percent) of global trade, and 31 percent of global foreign direct investment (FDI) inflows.
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Singapore contained Coronavirus. Could other countries learn from its approach?
With no reported virus-related deaths despite 96 cases, and a slowing rate of infection that’s been outpaced by recoveries, the Asian city-state is emerging as a litmus test of whether the deadly pathogen can be, if not contained, then neutralized.
Singapore Businesses Receive Boost as Border Restrictions to Ease
Singapore will significantly ease cross-border travel restrictions from April 1, 2022, and allow vaccinated travelers to enter the country without requiring quarantining. This also means the country’s current vaccinated travel lane (VTL) schemes will be scrapped.
Singapore to Implement New Points System for Employment Pass Applicants From 2023
The government hopes that the new system – laid out under the Complementarity Assessment Framework (COMPASS) – will improve the capacity of Singaporean businesses to select high-quality foreign professionals and ensure workforce diversity.
Vietnam’s PM State Visit to Singapore Underscores Increasing Trade, Investment
During the three-day visit, Singapore and Vietnam signed five agreements and several memoranda of understanding (MoUs) on strengthening cooperation in defense, trade, and digital economy, intellectual property, and the social sector.
New Tax Measures Impacting Businesses and Individuals in Singapore’s Budget 2022
The moves come as Singapore emerges from an economic slump as the government has committed over S$100 billion (US$74 billion) over the last two years to cushion the economy from the impact of the pandemic.
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