Hot Topics on Regional Economy

Jul 2024

Singapore's economy grew 2.9% in Q2 of 2024: MTI advance estimates

Singapore's economy grew 2.9 per cent in the second quarter of the year compared with the same period a year ago, according to advance estimates from the Ministry of Trade and Industry (MTI) on Friday (Jul 12).

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China seeks ‘unified market’ to surmount regional barriers, boost consumption

Beijing has made a “unified national market” crucial to its goal of “building a high-standard market economy” by 2035, counting on it to maximise the potential of the country’s production capacity, boost domestic demand and counter external challenges that appear to be multiplying.

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MAS Commits up to S$100 Million to Support Quantum and Artificial Intelligence Capabilities in the Financial Sector

The Monetary Authority of Singapore (MAS) today announced that it will commit an additional S$100 million under the Financial Sector Technology and Innovation Grant Scheme (FSTI 3.0) to support financial institutions in building capabilities in quantum and artificial intelligence (AI) technologies, as well as enable the advancement of quantum and AI related innovation and adoption in financial services.

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Allianz to buy majority stake in Singapore's Income Insurance

German insurer Allianz (ALVG.DE), opens new tab said on Wednesday that it was planning to buy a majority stake in Singapore's Income Insurance for about $1.6 billion to strengthen its foothold in Asia.

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