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These are the countries with the highest global GDP  according to the International Monetary Fund. China is the biggest economy in the world in terms of the gross domestic product (GDP) based on the data from the International Monetary Fund (IMF). With a 2019 GDP amounting to USD 22.53 trillion, China is significantly ahead of …

The Land Transport Authority (LTA) has awarded four contracts for the Jurong Region Line (JRL) at a combined value of approximately $682.5 million. These contracts cover the following areas: the construction of three JRL stations and their associated viaducts (J109); the provision of the signalling system and half-height platform screen doors (J152); the delivery of …

United Overseas Bank (UOB) announced it is collaborating with Getz, an end-to-end food and beverage (F&B) digital solution provider, to help F&B businesses set up their online storefronts quickly while also lowering the cost of delivering food to consumers. With almost seven in 10 consumers saying that they will continue to order food online even …

Despite its massive potential, corporate Asia still lags behind its counterparts in the world. Why? Asia has seen rapid growth and rise to prominence in the past decade. It is filled with market opportunities and has proven itself resilient in times of crisis. However, it remains behind other global economies in terms of economic profit. …

Changi Airport has begun transforming the passenger experience with new contactless and cleaning innovations for a safer, but yet seamless, airport journey. These measures will be rolled out airport-wide in preparation for when air travel into and out of Singapore gradually resumes. At Changi’s automated kiosks, new proximity sensors are being installed progressively to eliminate …

DBS and ComfortDelGro Taxi announced that the two parties have entered into a strategic partnership to enhance payment services for their customers in Singapore. Users can now book and pay for their ComfortDelGro taxi rides directly and seamlessly through an integrated in-app booking function on DBS PayLah!, one of Singapore’s leading platform apps with over …

If you’re a passport holder in these countries, you can travel freer than anyone else. Earlier this year, Henley & Partners named the most powerful passports in the world for the beginning of 2020. Since then, much has changed given the emergence of the COVID-19 pandemic which rendered the world’s mobility systems virtually paralysed. With …

With interest around community farming growing amid recent calls to strengthen Singapore’s food security networks, DBS  announced plans to transform a patch of outdoor space at its DBS Asia Hub building in Changi Business Park into what is believed to be Singapore’s first community farm located in a bank. In doing so, the bank hopes …

The world is about to experience the deepest recession in decades, World Bank forecasts reveal. The shocks due to  COVID-19 pandemic are expected to plunge the global economy into the worst recession since the second world war, the World Bank reveals in its Global Economic Prospects report published last week. Deep recession The World Bank’s …

ST Engineering today announced that its smart lighting solution and on-demand autonomous buses have been recognised as winning solutions for its customers at the IDC Smart City Asia Pacific Awards (SCAPA) 2020. The Awards recognise the top Smart City initiatives across the Asia Pacific region (excluding Japan) that utilise leading-edge digital technologies and solutions that …