Hot Topics on Regional Economy

Sep 2023

Singapore is now the world’s freest economy, displacing Hong Kong after 53 years

Singapore has dethroned Hong Kong to become the world’s freest economy, according to a report released by Canadian think tank Fraser Institute. For the first time since the Economic Freedom of the World Index started in 1970, Hong Kong slipped to second place from the number one spot — and its score is about to drop even further.

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China pushes ‘pivot to South and Southeast Asia’ with Yunnan province as gateway to vast market

China has vowed to push its southwestern province of Yunnan as a gateway to the vast market of South and Southeast Asian nations to forge closer ties with the region and offset US-led geopolitical pressure and economic rivalry.

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Singapore's central bank looking into banks' role in $1.8 bln money laundering case

Singapore's central bank said on Tuesday it was looking into whether banks involved in a S$2.4 billion ($1.75 billion) money laundering scandal in the global wealth hub had taken all reasonable steps to mitigate risks.

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S’pore firms using 3-D printing now make up 40% of Asean market; expected to grow further: Alvin Tan

Local companies that use 3D printing for manufacturing now account for 40 per cent of the Asean market, which is expected to grow to US$100 billion (S$136 billion) by 2025.

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