In mid-December 2016, Philippine President Rodrigo Duterte visited Singapore on a state visit, and Singapore President Tony Tan highlighted during a state banquet that an increasing number of Singapore companies is eager to invest in the Philippines.
Following the recommendations by the Committee on the Future Economy (CFE), the Monetary Authority of Singapore recently announced that it will relax some of its rules on finance companies to make it easier for small- and medium-sized enterprises (SMEs) to obtain financing.
As the clock runs down on 2016 and with people in a reflective mood, it is perhaps the perfect time to take stock of how the Singapore Government’s PIC-R&D tax incentive has performed as the PIC scheme itself draws to a close after the end of 2017.
The objective of Singapore's quest to be the world's first smart nation is to make a positive difference to people's lives and reinforce Singapore as a leading city state to attract investment, develop talent and innovation.
More help for small and medium businesses (SMBs) – that was a ringing hymn from the chorus of trade associations and chambers (TACs), as each offered their own stanza of suggestions to steer Singapore through a more uncertain future, since the national Budget was unveiled in March.