Hot Topics on Regional Economy

Jun 2024

Singapore crowned world's most competitive economy in 2024

Singapore reclaims the top spot as the world’s most competitive economy in 2024, up from fourth place a year ago, according to the International Institute for Management Development (IMD) World Competitiveness Ranking on June 18.

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Tough economy hits Asia Pacific 2023 cargo revenue

Aggregated cargo revenue for Asia Pacific airlines last year fell by 43.3% to $21bn, according to preliminary financial performance results released by the Association of Asia Pacific Airlines (AAPA).

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Banking sector identified as posing the highest money laundering risk in Singapore

The outsize role banks play in Singapore’s financial sector puts them at highest risk of being used by criminals seeking to launder dirty money. The observation came in an updated government report released on June 20 that outlined just how vulnerable banks here are to criminal exploitation.

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Pall Corporation opens US$150 million manufacturing facility in Singapore to support global semiconductor demand

Pall Corporation, a leader in filtration, separation and purification technologies, today held its opening ceremony for a new state-of-the-art manufacturing facility in Singapore that will serve regional and global customers within the growing semiconductor industry.

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