Singapore Introduces New Incentives to Encourage Greener Ships
The incentives include a reduction in the initial registration fees of between 20 to 100 percent for new ships registering on Singapore’s Registry of Ships as well as tax rebates on the annual tonnage tax.
How can emerging economies navigate the mobility transition?
Some of the ASEAN countries have a growing auto industry. The sector accounts for around 10% of GDP in Thailand and Indonesia, which indicates there is room for growth in India, where it accounts for 7.2% of GDP.