On March 3, Singapore announced that it will raise its retirement age to 64 and re-employment age to 69 from 1 July, said Manpower Minister Tan See Leng, keeping the country on track to reach 65 and 70 respectively by 2030. The move aims to support older workers while helping employers retain experienced staff.
Category: Economy
Ex-PM: Conflict and tariff swings threaten Singapore’s economic stability
On February 28, Senior Minister Lee Hsien Loong warned that conflict involving Israel, the United States and Iran will raise global energy prices and increase uncertainty, affecting countries like Singapore.
US imposes new tariffs on solar imports from Indonesia and Laos
Solar power contributed significantly to electricity generation at a Texas, recent energy data shows. (Recurrent Energy) The US Department of Commerce released new tariff policies […]
Brunei Darussalam introduces grant scheme for newborns
In February, Brunei Darussalam’s Ministry of Finance and Economy has introduced a new inititative which will provide a one-time financial grant of BND240 (US$189) for each eligible newborn starting on March 1.
Lao PM: self-reliance central to national economy development
Laos self-reliant economy strategy discussed at government meeting led by Prime Minister Sonexay Siphandone in Vientiane. (Pathedlao) On February 24, two days after the country’s […]
Flash floods continue to affect Malaysia’s Sabah state
On February 25, the number of flood victims seeking shelter at temporary relief centres in Malaysia’s Sabah state is pset at to 2,616, after it reached a peak of over 5,000 only a day prior.
Singapore’s AI strategy faces calls for trust, inclusivity and SME support
On February 24, lawmakers in Singapore emphasised that the country’s national artificial intelligence (AI) push must prioritise trust, accountability and inclusivity during the 2026 budget debate.
Indonesia trains 15,000 engineers in a bid for indigenous chip production
On 24 February, Coordinating Minister for Economic Affairs Airlangga Hartarto announced that Arm Limited will train 15,000 Indonesian engineers in semiconductor design under a cooperation framework signed in London and witnessed by President Prabowo Subianto.
Philippine stocks rise as peso weakens after rate cut
On February 21, stocks in Philippines extended gains for a third consecutive session, supported by the recent policy rate cut from the Philippine Central Bank.
Indonesia remains confident amid shifting US tariff policy
On February 21, Indonesia’s President, Prabowo Subianto, stated that Indonesia is prepared for any changes in US trade policy following a ruling by the US Supreme Court limiting presidential authority to impose broad global tariffs.