Singapore
Singapore’s Changi Airport retains the megahub title in Asia
The OAG Megahubs International Index 2017 monitors 50 internationally connected airports ranking them by comparing the number of scheduled connections to and from international flights with the number of destinations served from the airport.
Based on connections and destinations served, Singapore’s Changi gains the megahub title in Asia, according to the latest OAG Megahubs International Index 2017.
If you are looking for an airport that offers the maximum connections and destinations, then of all the 16 airports in Asia that figured in the OAG top-50 annual index, Singapore led the way.
Singapore was the top ranked Asian airport and in the global-50 list it was placed 6th with a connectivity index of 257.
In the global rankings, London Heathrow (LHR) was the single most connected international megahub in the world by a clear margin. On a single day in July, there were over 72,000 possible international connections between flights arriving at LHR and flights departing within a six-hour window.
Frankfurt Airport (FRA) and Amsterdam Airport (AMS) were ranked second and third, ensuring that the top three places went to European hub airports.
The OAG Megahubs International Index 2017 monitors 50 internationally connected airports ranking them by comparing the number of scheduled connections to and from international flights with the number of destinations served from the airport.
There were some surprises in Asia. Despite claims that Bangkok is the major aviation hub in the region, the rankings showed it trailed behind three other airports when connections and destinations were considered. Singapore ranked first in Asia, Jakarta second and Kuala Lumpur third.
Megahubs International Index 2017
Bangkok was the fifth highest in Asia, with a connectivity index of 226, while globally it stood at 13th, trailing Hong Kong that came in at fourth regionally ( 12th on the global list) with a connectivity index of 233.
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.
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.
Singapore
UK exporters’ use of Singapore as ASEAN’s supply chain gateway boosted by new bilateral trade agreement
Singapore’s role as a hub for UK companies, whether as exporters or investors accessing Southeast Asia’s and broader Asian dynamic economies, was elevated by the new UK-Singapore trade agreement (UKSTA) which came into effect on 1st January 2021.
There was much controversy, before and after the United Kingdom’s (UK) Brexit from the European Union (EU), in talk of it adopting a free trade and manufacturing model similar to Singapore’s.
Singapore’s government issued several measures to accelerate the digital transformation and overseas expansion of local businesses.
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