South China Morning Post (September 26)
“Foreign investors are returning to Japan’s property market in their droves, attracted by the weak yen and an economic recovery fuelled by the buoyant logistics and hospitality sectors, according to a new report.” Singapore investors are leading the charge with property investments totaling “nearly US$3 billion spent from January to September, eclipsing the around US$2.5 billion from the US, and some US$1 billion from Canada.” Japan’s “mild inflation and favourable financing costs” are also adding to the attraction.
Tags: $3 billion, Canada, Economic recovery, Financing, Foreign investors, Hospitality, Inflation, Japan, Logistics, Property market, Singapore, U.S., Weak yen
The Economist (July 2)
“The pecking order of financial centres is changing.” Hong Kong, Shanghai and Singapore are all vying as “the map of Asian financial hubs is being redrawn.” Given that, “the region’s two emerging giants, China and India, have partial capital controls,” Singapore stands to “be the main beneficiary—provided it can handle some of the downsides of being a global centre for other people’s business.”
Tags: Asia, Beneficiary, Capital controls, China, Downsides, Financial hubs, Hong Kong, India, Pecking order, Redrawn, Shanghai, Singapore
Bloomberg (May 29)
The Asia-Pacific region “has gone from leader to laggard.” Until recently, APAC fared remarkably well at averting the worst of the pandemic. Now, in contrast, as “New York and London reopen, Singapore and Taipei are in semi-lockdown. Melbourne joined them this week. On May 24, the U.S. State Department added Japan to its ‘Level 4: Do Not Travel’ advisory list.” The “failure to get shots into arms fast enough has in some cases triggered swift and unexpected reversals of fortune that carry significant economic implications.”
Tags: APAC, Economic implications, Japan, Laggard, Leader, Lockdown, London, Melbourne, New York, Pandemic, Reopen, Reversals, Singapore, Taipei, U.S.
Straits Times (October 9)
According to the World Economic Forum, “Singapore is the world’s most competitive economy,” scoring “84.8 out of a possible 100, beating the United States to the top spot in the ranking of 141 economies.” Of the 12 assessment pillars, Singapore ranked first in infrastructure, healthy life expectancy and labor markets. Overall, the U.S. ranked second and Japan placed sixth, just behind Switzerland.
Tags: Economy, Infrastructure, Japan, Labor markets, Life expectancy, Most competitive, Singapore, U.S., WEF
The Economist (March 19)
The Economist Intelligence Unit just announced the most expensive cities in the world. Due to inflation, Tokyo doesn’t rank in the top 10. “Singapore marks its sixth straight year at the top of the rankings, and is joined there by Hong Kong and Paris.” Osaka was the only Japanese city to make the top 10 in “the survey, which compares prices across 160 products and services.”
The Economist (February 16)
“Ageing and robots are more closely related than you might think. Young countries with many children have few robots. Ageing nations have lots.” South Korea, Singapore, Germany and Japan top the list, but there needs to be a shift in focus. “An ageing world needs more resourceful robots” that can help care for seniors “rather than take people’s jobs.”
Reuters (July 5)
“Investors watching the trade tit-for-tat between the United States and China may well have reason to fear the havoc a full blown conflict between the world’s two biggest economies could wreak on the global economy.” Furthermore, the collateral damage could be worse than that done to the principals. Due to global supply chains, countries like Taiwan, Hungary, the Czech Republic, South Korea, and Singapore could be equally if not more vulnerable” to fall out from the spat between the U.S. and China.
Tags: China, Collateral damage, Conflict, Czech Republic, Global economy, Hungary, Investors, Singapore, South Korea, Supply chains, Taiwan, Tit-for-tat, Trade, U.S., Vulnerable
Wall Street Journal (June 12)
“Donald Trump and Kim Jong Un both received what they most wanted from their one-day summit in Singapore on Tuesday…. Whether this photo-op summitry achieved anything beyond the bonhomie is a lot less clear.” There is little indication of real progress. In fact, “if the past is a guide, all of this will be subject to painful and perhaps endless negotiation, and the North will insist on concessions from the U.S. at every stage. Having committed to talks, Mr. Trump will be under pressure to make more concessions lest Kim walk away.”
Tags: Concessions, Kim, Negotiation, North Korea, Photo-op, Progress, Singapore, Summit, Trump, U.S.
The Economist (April 21)
“Humans have had a good run. But with the most recent breakthrough in robotics, it is clear that their time as masters of planet Earth has come to an end.” Such statements remain unlikely and “furniture-assembly helps explain why.” Researchers in Singapore were able to get two robots to assemble an Ikea flat pack, but it was a long, painstaking exercise. Robots and AI continue to struggle in the real world. “It seems to be a fundamental truth: physical dexterity is computationally harder than playing Go.”
Tags: AI, Breakthrough, Dexterity, Earth, Flat pack, Humans, Ikea, Real world, Robotics, Singapore
The Straits Times (February 20)
“In spite of a substantial budget surplus,” Singapore is planning to raise taxes to meet “the challenges that lie ahead—in the form of financing healthcare in an ageing society, meeting infrastructure needs and ensuring security.” This approach starkly contrasts with the U.S., which has cut taxes despite running an enormous budget deficit, but fiscal sustainability has been “a mainstay of Singapore’s economic planning since independence.”
Tags: Budget surplus, Challenges, Deficit, Economic planning, Fiscal sustainability, Healthcare, Independence, Infrastructure, Security, Singapore, Taxes, U.S.
