Development
Singapore’s GDP Contracted by 2.2 Per Cent in the First Quarter of 2020 As COVID-19 Continues
Based on advance estimates, the Singapore economy contracted by 2.2 per cent on a year-on-year basis in the first quarter of 2020, reversing the 1.0 per cent growth in the preceding quarter. On a quarter-on-quarter seasonally-adjusted annualised basis, the economy shrank by 10.6 per cent, a sharp pullback from the 0.6 per cent growth in …
In 2020 Asia Will Have The World’s Largest GDP. Here’s What That Means
In 2020 Asia’s GDP will overtake the GDP of the rest of the world combined. By 2030, the region is expected to contribute roughly 60% of global growth. Asia-Pacific will also be responsible for the overwhelming majority (90%) of the 2.4 billion new members of the middle class entering the global economy. The bulk of that growth will …
Singapore Unveils Its National Artificial Intelligence Strategy
Deputy Prime Minister and Minister for Finance, Heng Swee Keat, announced today that Singapore will embark on a plan to develop and use Artificial Intelligence (AI) to transform Singapore’s economy and improve the lives of citizens. This plan is outlined in the National AI Strategy document that was unveiled at the SFF X SWITCH (Singapore …
How Asia Transformed From The Poorest Continent In The World Into A Global Economic Powerhouse
In 1820, Asia accounted for two-thirds of the world’s population and more than one-half of global income. The subsequent decline of Asia was attributed to its integration with a world economy shaped by colonialism and driven by imperialism. By the late 1960s, Asia was the poorest continent in the world when it came to income …
How Do You Measure The Value Of A Historic Site?
Debates over historic preservation often run into a problem: There’s plenty of data to support economic arguments, and much less to address questions of cultural value. A research team in Singapore wants to change that. To get a glimpse of Singapore’s past, take a stroll down Tiong Bahru, the nation’s oldest housing estate. Built in …
Part Of Jurong Lake District To Be Developed Into A Key Tourist Attraction By 2026
The currently vacant site is situated next to the Chinese Garden MRT station and the location of the new Science Centre, which will move from Jurong Town Hall next year. The Jurong Lake District is set to be transformed into a major tourist destination, after plans were announced on Tuesday (April 16) to develop a …