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Singapore: niche diplomacy through water expertise

Through strategic planning and investment in research and technology, strong political will, and effective governance, Singapore has emerged from water insecurity to become a global hydrohub. It has built a robust and diversified range of water sources and has successfully addressed its water challenges in the process

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Water shortage in Bangkok

Through strategic planning and investment in research and technology, strong political will, and effective governance, Singapore has emerged from water insecurity to become a global hydrohub. It has built a robust and diversified range of water sources and has successfully addressed its water challenges in the process

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Singapore: niche diplomacy through water expertise

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Banking

Singapore’s PayNow and Thailand’s PromptPay Launch Cross-border Payment System

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In a global first, Singapore and Thailand have linked their real-time payment systems, PayNow and PromptPay allowing international fund transfers between the two countries within minutes.

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Asean

The Indonesia-Singapore Bilateral Investment Treaty Comes into Effect

Through the upgraded DTAA, the tax rate on branch profits was reduced from 15 to 10 percent, and the tax rate on royalties for copyrighted works of literature, arts, and film, and eight percent for the use of industrial, scientific, or commercial equipment was lowered from 15 to 10 percent.

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The Indonesia-Singapore Bilateral Investment Treaty Comes into Effect

The latest Indonesia-Singapore Bilateral Investment Treaty (BIT) came into effect on March 9, 2021, and replaces the previous BIT, which was signed in June 2006 and expired in June 2016.

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